Xerox Corporation : Business Process And Information Technology Outsourcing

1074 Words Oct 13th, 2016 5 Pages
Xerox Corporation founded in 1906 is a leader in business process and information technology outsourcing, and in document management services. The company headquarters are located in Norwalk, Connecticut and operates in 180 countries across the world. As of December 31, 2015 the company had approximately 143,600 employees (Xerox Corporation, 2016). The company started out as an invention of xerography by Chester Carlson, a patent attorney, in 1938 as a result of the tiresome work he had to go through making identical copies of office documents by hand. He tried selling his idea to various companies such as IBM and GE but was not successful until he met Joseph C. Wilson of the Haloid Company in 1944. In 1948, the two created the first xerographic machine and introduced it to the market to simply office. This saw the beginning of Xerox, which was later named Haloid Xerox, and later in 1961 shortened to Xerox Corporation. The company offered its stock publically in 1936, and introduced on the New York Stock Exchange in 1961 (Mahtani, 2016).
The company became profitable throughout the 60’s and early 70’s until they anti-trust suit by the US government, which led to its shares declining tremendously as they were forced to license its patents to competitors who consisted of mainly Japanese companies thus a decline in market share. The company improved its profits and market share by introducing new product lines such as the electric memory typewriter, digital photocopiers, fax…

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