Tuesday, April 26, 2011

Xerox Case Study

Xerox was a much known company that unsuccessfully attracted top talent and leverage those talents to produce a stream of products and services that are valued by the marketplace and had poor human resources for the amount of workers that left their jobs or poorly completed important tasks. I believe this because even though Xerox had some very talented and skilful people, they also lacked in a lot of some common skills such as communicating with other workers, compromising, and gaining trust of workers. For example, Barry Romeril, the chief financial officer, cause a write off of $119 million from a subsidiary with only $400 million in revenues and he also exposed the company to the turbulent Brazilian economy by failing to hedge against currency exchange rates. This lead to the downfall of the company making them loses lots of shareholders, and customers. Many reliable sales reps quit their jobs to join a more stable firm causing them to lose both costumers and their best workers.

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