What are some steps that Xerox needs to take to turnaround its operations and restore investor confidence?
In order for Xerox to turnaround their operations they need to implement key management strategies consisting of appropriate leadership, internal confidence, as well as a value-added line of aggressively marketed products. By incorporating these essential components, the Board of Directors will be able to effectively manage the company, and in turn the company will operate more productively and be more goal-oriented.
Leadership is defined as "the ability of an individual to influence, motivate, and enable others to contribute toward the effectiveness and success of the organizations of which they are members". In saying this, Thoman was not able to effectively lead the board due to the lack of support and trust the other members had in him. Thoman consistently tried to push through ideas and dictate the pace; however with Allaire still chairman, and Buehler & Romeril......
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Approximate Word Count: 403
Approximate Pages: 2 (260 words per double-spaced page) |