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Xerox Corporation Case Study 03066 - Essay Example

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Today’s highly competitive business environment pressurizes business even huge business entities to perform better than ever (KPMG, 2012; Johnson, & Turner, 2010). These pressures and competition threats led companies towards adopting malpractices in reporting financial facts…
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Xerox Corporation Case Study 03066
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"Xerox Corporation Case Study 03066"

Download file to see previous pages One of the major and unexpected cases was of Xerox Inc., a huge reputed global technology entity. It was reported that the company practiced creative accounting techniques to manipulate its performance during the period from 1997 to 2000. Considering the case, below presented is a critical review of the case via investigating the underlying matter deeply with its circumstances and consequences. The discussion will be an effort of aligning and comparing case evidences with the defined code of conduct in the regard by authorities and authentic literature of the underlying discipline.
Being a global entity in document technology business, Xerox inc., is known for quality and innovation in the field (Mui, 2012). Founded in 1906, Xerox is currently working with around 140000 employees, 12000 active patents and reported $19.5 Billion revenue for the year 2014 (Xerox, 2015). The company got entangled in an accounting scandal for the period of 1997-2000 by SEC. At that time, company’s worth was 92,500 employees, 87th rank in Fortune 500 and reported $18.7 billion sales for the year 2000 (Jessup, & Nance, 2011).
Known for innovation in document technology, Xerox deals in a variety of products and services related to the digital documentation measures (Xerox, 2014). The portfolio of the company holds mainly ranges of printing devices, scanning machines, communication devices, publishing systems (Jessup, & Nance, 2011) and a wide range of offered outsource services as well (Girod, Alter, Harris and Junglas, 2011). Claiming to be the leader in document technology, Xerox admits the volatile nature of its business due to the association with the ever-changing technology. Girod, Alter, Harris, and Junglas, (2011) suggest that technology businesses work under high pressures of current competitive scenario. Slow paced innovation, technologically outdated products, ...Download file to see next pagesRead More
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