Monday, March 22, 2010

Burn‘s’ing desire!

It seems that Ursula Burns, (the 30-year veteran at Xerox who just took over as its CEO in July this year), is acting boldly to change Xerox’s stodgy image. Well, Xerox has just agreed to buy Affiliated Computer Services (ACS) for a whopping $5.75 billion. No doubt, it’s a smart move from Xerox as the combination will result in $400 million of annual synergies, but then, the moot question is will the deal finally take it away from its age-old image of being just a printer company? “We’re creating a new class of solution provider,” Burns said in a statement. No doubt, the move is a big bet to transform Xerox into a $22 billion business that does everything – from collecting tolls and installing systems to retooling business processes and information technology outsourcing. And who knows ACS may prove to be Burns’ most radiant strike in her new role as CEO!

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Source : IIPM Editorial, 2010.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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