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STP of HP PDF Free
STP of HP PDF Free
PGSF1930
Segmentation, targeting and positioning
of Hawlett-Packard (HP)
Introduction of company-
Hewlett-Packard popularly known as HP is a Multinational IT sector company
of America. The company deals in the software and the hardware products and
services. It’s headquarter is in California, U.S.A. It was founded in 1939 by
William R. Bill Hewlett and David Packard, on which the company name is
base on.it provides it products and services across the globe. HP was the
world’s largest producer of personal computers from 2007 to 2013.
Major product lines of HP-
Printers- Home and home office, ink tank system, scanners, large format
and digital presses
Desktops- business, gaming, towers, Z Workstations
3 D print
Ink and toner
Laptops and personal computing devices
Displays and accessories
Business notebooks and personal notebooks
Digital cameras
In 2015, HP splits into two publicly traded entities namely HP Inc. and
Hewlett-Packard enterprise where the Hewlett-Packard enterprise business is
completely for Personal Computers and printer. The tagline of HP is “Make it
Matter Keep Reinventing”. Which means that if you are doing something make
it matter. If you are doing something don’t keep it to yourself only, let it echo
around and let people know that you have done something and let them talk
about it. And reinventing for hp means that as they are global leaders in
computers and printers, they believe that technology make life better for
everyone. The major competitors of HP are -Dell, Lenovo, Apple, Acer, IBM
Segmentation –
Segmentation refers to a process in which a company divide a broad range of its
potential customers into the divisions based on their nature and characteristics
and make their products according to the need of the customers.
segmentation
of HP
Demographic Geographical
Targeting-
After segmentation, when a company divides a group of large number of people
in a smaller segment, they target the customers to whom they can sell their
products, who needs them, so, that the resources of the company don’t get
wasted so that the market is profitable for them. HP is using the strategies which
provide customised products and to meet the demand of various section of the
society.
Segmented marketing- All customers’ needs different product according to the
usage of the product, the products of HP are also available in customised forms.
For example- laptops and printers of HP are for the different usages for which
features are also different like some required larger RAM, more battery power,
different versions of windows depending upon their usage so HP is providing all
kind of laptops which are different in terms of usage and their series. Different
kinds of laptops by their usage and series provided by HP are below-
shop by
shop by use
series
For
ENVY
home
For
OMEN
buisness
Gaming VALUE
Elite /Z
display
So, HP is solving problems of the different consumers like every consumer need
is different and they buy the product for different works, as HP is providing
services to each and every sector of the society whether it is medium enterprise,
small enterprise, government organisation, private organisation or whether an
individual consumer. For example -HP introduces mini-notebook-
“HP2133Mini-Note PC”. which is launch for the education sector.
Mass marketing – HP is also providing its products which fulfil the needs of
all its customers in a single product. For example -HP-All-In-One-20-C417-in
model of laptop can be used for the homework assignment, school project, game
and all-day movie binges. So, it provides the usage of various things in one
laptop. And there are also other printers available in HP which can be used for
the school projects and also for the office’s usages.
Positioning
Refers to the identity or image created by the brand in the mind of the
consumers, and how company products are different from its competitors. It can
be anything like its price, quality, or any feature of the product which creates a
brand image in the mind of the consumers. HP uses mix of the product and the
price-based strategy for positioning.
The points for which the consumers prefer the HP and make it successful are the
following-
Diversified product that are provided by the HP for the both retail
consumers and the enterprise which includes computers, laptops, printers
and other related products. HP is well known for its printers, scanners,
laptop. These products are known as reliable, so it has a strong customer
base with relate to its brand.
Merger and acquisition with various companies like with Compaq
computer corporation helps in improving the technology and resources
which another company bought with them. Hp innovates various new
products like
The pricing strategy of HP is fair enough. It provides all the range of the
products for the middle-level income group and also for the upper level
group. Market research is done by the HP and prices of its products are
decided after that.