Xerox and its come back change management.

Essay by balachandra August 2005

download word file, 9 pages 5.0

Downloaded 250 times

1.0 Executive Summary

This report on Xerox, the document company analyses the changes brought in by the Xerox Company to succeed in their business venture. The Xerox Company has incurred net losses for the financial year 2000 and 2001, due to various operational, functional and management issues. This report on the Xerox Company discusses the various strategies and options availed by the company to get the back the business and to retain the market share and the profits.

The report analyses the Xerox Company's business ventures, core competing values and reasons for its losses in the financial years 2000 and 2001 and evaluates the strategies adapted by the company to overcome these losses. The report will discuss the Xerox Company's turnaround strategies, the results of the implementation of the selected strategies and finally provides the conclusion.

The Xerox Company has recorded a whopping net profit of $360m, after continuously recording a net loss of $273m for 2000 and $94m for the year 2001.

This transformation has been achieved by formulating effective turn around strategies and executing these strategies effectively.

2.0 Table of contents

3.0 Introduction

The Xerox Company was found as the Haloid Company in Rochester, New York, 1906 and was renamed as Xerox in 1961. The Xerox Company since its inception has created business and has reached business realm through offering the best quality products and services. The Company is the pioneer in Xerography. Currently, the Xerox Company has business in 130 countries and has over 60,000 employees worldwide. The company made great impact in recent years by exploring new digital technology in data transformation and colour printing. The Xerox is ranked at 130 in the fortune 500 company list. The Xerox has always given priority to its social responsibility and community benefits equal to the commercial success.