Xerox was founded in 1906 as a photocopier company and introduced the first plain paper photocopier in 1959, creating a monopoly. However, in the 1960s competitors like IBM, Kodak, and Canon entered the market focusing on high volume copiers, lower prices, and customer relationships. By the 1980s Xerox's market share fell to 50% as Japanese companies like Kodak and Canon sold copiers at or below Xerox's manufacturing costs. Xerox responded by implementing a quality strategy focused on meeting customer requirements through benchmarking, team formation, and total quality management to improve its products, distribution, and customer relationships. It has since reinvented itself as a global document management and