Strategic Mistakes by Xerox CEO "Xerox: The Copier Company" epitomizes one of the greatest strategic blunders in the history of high technology corporations. The legacy of C. Peter McColough’s tenure as CEO at Xerox was that he gave away the future of the company while he was at the helm. When McColough took over the reins of Xerox in 1968‚ Xerox was fully enjoying the 40-45% growth in their 80% copier dominated market share. McColough had the vision to see that in the office of the future‚ information
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Financial Statement Fraud Analysis “XEROX CORPORATION” The objective of the assignment was to do an analysis of a company’s financial statement and identify areas in where financial fraud may be occurring or has occurred. The company I chose for the assignment was Xerox Corporation (“Xerox”). In my opinion based on the analysis of Xerox financial statements from 1998 to 2000‚ a review of outside sources such as Securities Exchange Commission (“SEC”) filings‚ and other periodical resources‚
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1) What is the culture of the organization? It has been said that Xerox has a famously strong culture. It is a culture of integrity‚ openness‚ and inclusion. One of the defining characteristics of the Fortune 500 Company is passion. Passion for success‚ new ideas‚ customer service and passion within its employees. The Xerox culture is one of commitment to excellence‚ innovation and sustainability. Xerox operates on its core values of succeeding through satisfied customer‚ delivering quality and
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Index Q1: What kind of person does John Clendenin? 1. Communication 1.2. Capability 1.3. Networking Q2: What were Clendenin business objectives and personal objectives been at Xerox? 2.1. Business objective: 2.1.1.MDC 2.1.2.XEROX 2.2. Personal objective: Q3: What obstacles did he confront in accomplishing these objectives? 3.1. PEOPLE RELATED 3.1.1 STAFF-Downward Management 3.1.2. PEERS-Horizontal Management 3.1.3. BOSS-Upward Management 3.2. ORGANIZAITON RELATED 3.2.1. MULTI-REPORTING
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1. What have John Clendenin’s objectives been at Xerox? Clendenin‚ when he was is Harvard Business School has set an objective that he had to be successful enough to be a corporate officer in a Fortune 50 corporation. Later‚ he wanted to land up to cabinet-level position in the government. The moment he joined Xerox he had developed an objective to climb the ladder of organisation and reach up to the high level staff within few years of time. Clendenin’s hard work and dedication and also proposing
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Xerox Corporation Xerox Corporation is a $16 billion technology and services enterprise that helps businesses deploy smart document management strategies and find better ways to work. It’s intent is to constantly lead with innovative technologies‚ products and solutions that customers can depend upon to improve business results. Xerox provides the document industry’s broadest portfolio of offerings. Digital systems include color and black-and-white printing and publishing systems‚ digital presses
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accomplishment of which Xerox is very dignified. Xerox is best known for its photographic‚ photocopying‚ printing machinery‚ and computer and peripheral equipment manufacturing. Though Xerox has been struggling in the business game as a result of restructuring disasters and difficulties‚ CEO Anne Mulcahy is doing her utmost best to see that Xerox make the transition from previously defunct to future dominant and global leader in the electronic printing media industry. The Bangkok Post relates what helped her
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-1 Harvard B u s i n e s s School 9-490-029 Rev. June 18‚ 1993 Managing Xerox’s Multinational Development Center Those who worked with John Clendenin in Xerox’s building 214 in Rochester‚ NY and saw him walking down the hall after lunch on March 16‚ 1989‚ would not have noticed anything unusual. A &foot 2-inch‚ 250-pound black man with a shaved head and an athletic build‚ Clendenin was impressive enough in appearance. H e also dressed somewhat outside the Xerox norm: that day he
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------------------------------------------------- Did Xerox Blow it? Xerox PARC (Palo Alto Research Center Incorporated) was founded in 1970 as a division of Xerox Corporation. It is a research and development company in Palo Alto‚ California with a well-known reputation for its contributions to information technology and hardware systems. It is responsible for developing well-known and important inventions such as the Ethernet‚ laser
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1. Discuss the advantages and disadvantages of Xerox’s intention to operate ACS as a standalone business. Advantages- By consolidating its document management services with ACS’s client back office operations‚ Xerox anticipates to increase its overall revenue. Only 20% of the two firm’s customers overlap. This enables a cross selling of each firm’s products and services to the other firm’s customers. Disadvantages- Xerox’s credit rating was downgraded to triple B-minus‚ which is only one
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