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IBM did not want to divest in the laser printer, typewriter and office supplies business but wanted to step away from it. ... Now the reason was that IBM wanted to concentrate on its core areas but did not want to sell off this market also since it needed adequate supply of components.
Marvin Mann the CEO selected for Lexmark provided the link between IBM and Lexmark. With his experience in IBM, he knew about the manufacturing system, finance etc. ... He had a free hand in what he wanted Lexmark to be even though it went against IBM’s strategy in its organization in its earlier times.
Approximate Word count = 466 Approximate Pages = 1.9 (250 words per page double spaced)
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