Diversity, the inclusion of different types of people (whether it be race or culture) in a group or organization. How would Xerox, a fortune 500 company define diversity? How diverse is Xerox in comparison to the rest of the market? With diversity your company gains knowledge and experience from different facets of the world, but what would keep Xerox motivated to diversify their workforce? Considering the growth in cultural diversity in the US how has Xerox manage to maintain its diversity? How can Xerox along with other fortune 500 companies improve on their diversity on executive level of management? These questions along with more will be answered as we explore Xerox and their outlook and actions on diversity.
Xerox, founded in 1906, is the world’s largest service and technology company in the computer industry with number one market share and sales in excess of $17 billion. They are also recognized as the world’s most admired company in the computer industry. This has come about as a result of internal growth and diversity in creating an environment where all employees can grow within. Xerox defines diversity as follows: “Diversity is about more than race and gender. It’s about more than numbers. It’s about inclusion. Diversity means creating an environment where all employees can grow to their fullest potential.”
Xerox allows for individuals to share ideas and as people have different ways of thinking, this is believed to create more innovative solutions and is a tactic that has proven to work very well for Xerox. Xerox continues to invest in innovation through research and development even throughout the most recent recession. In fact, Xerox has a proud tradition of pioneering research and continues to be in the forefront of innovation. In 2011, Xerox spent over $721 million on research and development. Today they have over 5,000 scientists exploring and trying to innovate new products. Their diversity began with the first chairman, Joseph C.
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