What Are Some Steps That Xerox Needs to Take to Turnaround Its Operations and Restore Investor Confidence?

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 as vice-chairmen, his ability to effectively lead was diminished and his ideas were never applied. Going forward, Xerox needs to support any successor that they appoint. This will not only allow for the CEO to fully utilize his skills but it will also allow for any plan to be implemented and put into full force.

In order to restore investor confidence in the company, the employees at the company need to be confident and faithful to their product and service. It appears that Xerox did not have