... Financial Executive Council (FEC). The FEC allowed financial managers to contribute more to business decisions at the different operating units. They were able to act more like advisors instead of auditors. They had the ability to be proactive and respond to situations promptly. Xerox needed a way for everyone to adhere to the vision of where they were headed. The FEC was used as a sounding board for policy and strategic considerations. They were trustworthy within Xerox, which made it good for them to keep all of the operating units in line with Xerox's strategic objective. They also created a Core Strategic Services group that provided contracted support to divisions. In the reporting structure, they wanted to match accountability and responsibility by operating unit within each business area. This helped the units to focus on their objective and focus on delivering those results they have set. The development of the ...

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