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Strategic Management - Phase 1 - Lina Fernanda Garcia - 212053A - 21
Strategic Management - Phase 1 - Lina Fernanda Garcia - 212053A - 21
Strategic Management - Phase 1 - Lina Fernanda Garcia - 212053A - 21
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XeroxCorporation is the world's largest supplier of toner (dry ink) copiers and
accessories. Its main headquarters are located in Stamford, Connecticut,
although most of the company is located near Rochester, New York, where it
was founded. More than half a century ago the word Xerox became
synonymous with making a photocopy in English. "Get me a Xerox," people
commonly said. When Xerox introduced the first commercial photocopier to the
market in 1959, which made the use of carbon paper obsolete, its invention was
considered as revolutionary as the first iPhone introduced by Steve Jobs in
2007. In a very short time, photocopiers became in an indispensable instrument
for any company. Many dedicated part of their office space to the "Xerox
room", the place where all the prints were made. Riding on the dominance of
this technology, Xerox became during the 1960s and 1970s one of the most
valuable companies in the world.
The objective of the strategic direction is based on formulating strategies for the
development of the organization, seeking to obtain a greater participation in the
market and create strategic competitiveness. When running a company, one of
the fundamental tasks is to know where to go and that depends on its position in
the market. At the same time, it also depends on the external factors that may
favor it in that goal. It also seeks to have a stable performance within the
company in general. It is one of the main activities carried out by the senior
managers of an organization. Its importance lies in the fact that through it the
direction that the company will follow is defined and the general criteria are
established for the definition of the objectives and the development of the work
in the organization.
Paragraph 3:What are the main concepts that describe the management
strategy developed at Xerox?
The February Investor Day press release explains the origins of the new tagline
as follows: "With a history of innovative technology design analogies, Xerox is
'made to think.' We are taking a disciplined approach to creating the next
generation of innovative technologies and smart work solutions to meet the
changing needs of our customers, "says John Visentin, Xerox Vice President
and CEO. By simplifying our operations, instilling a culture of continuous
improvement, investing in growth areas, and capitalizing on new and adjacent
markets growth, we anticipate that we can achieve growing revenue by 2021,
while driving adjusted annual earnings per share continued expansion,including
at least $ 4 of adjusted earnings per share in 2020, and delivering more than $ 3
billion of cumulative free cash flow over the next three years, ”adds Visentin.
Today more than yesterday, it is clear that no business strategy can be built on
unreliable information or analysis and therefore the true strategist cannot depend
solely on figures and statistics.
Strategic Management, like every human act, needs reasoning and perseverance,
especially when it is considered an essential mode of business thinking and action
that continuously links the organization's capacity to its environment, allowing the
creation of the future in continuously changing and unstable scenarios. The
strategic factors are, therefore, the axis of the possibilities of the management's
choice in the face of risk.
REFERENCES
https://www.eltelegrafo.com.ec/noticias/desde/1/xerox-revoluciono-el-mundo-de-
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