Xerox Corporations Causes of Failure - Case Study Example

We define company failure as of loss of substantial market share causing a dramatic decline in the company’s share prices.The definition is based on an excerpt involving Xerox with the US Securities and Exchange Commission (SEC), which stated that Xerox was a leading technological innovator for most of the last half of the 20th century. In the document, it was stated that but by the late 1990s, the company was confronting intense product and price competition from its overseas rivals. As a result, SEC said, “increasing revenues and earnings became more difficult.

” SEC concluded that this difficulty was apparent from the underlying operating results visible to Xerox before the company implemented topside adjustments and other accounting actions. SEC admitted, in the document, of the bad investment climate of the 1990s, which added to pressures on Xerox. According to the document, “Companies that failed to meet Wall Street's earnings estimates by even a penny often were punished by significant declines in stock price. The work of Slatter’ framework is being adapted to have an orderly presentation of the data.

  Other frameworks also enumerate the cause business failure as that of Slatter, but what is noticeable as compared with the other frameworks is that Slatter put more emphasis on poor management as a major cause.  All other causes except inadequate financial control seem to be secondary to him.  The same must be very logical considering that management should be the only person or entity that could be blamed at the end of the day. There may be external causes but the bottom line is the responsibility of these people given the power to change the course of events if they could.

  One cannot change nature but man can change his reaction to the world. Although human freedom is not altogether absolute, there is a wide range of cases where human beings must be held accountable.