- Review the Strategic Management Project Background document.
Review the following terms and concepts discussed this week to prepare for this assignment:
- organizational structure
- organizational culture
- PESTEL model
- Create a Word doc and title it Strategic Management Research Journal Part 3. A SafeAssign originality report will automatically be generated on your submission. Only those SafeAssign originality reports returning a “green” or an “orange” symbol will be accepted. Those receiving a “red” symbol must be rewritten and resubmitted until an acceptable symbol is received.
Write a 525- to 700-word response to the following prompts in your journal entry:
- Assess whether Caterpillar Inc. is using the appropriate measures to verify its strategic effectiveness.
- Summarize Caterpillar Inc.’s organizational structure.
- Determine whether Caterpillar Inc.’s organizational structure is considered a traditional organizational structure or a Holacracy.
- Justify why it’s important for Caterpillar Inc.’s leadership team to study and understand the company’s internal and external environments.
- Evaluate Caterpillar Inc.’s competitive position and how they have responded to shifts in the external and internal environments.
- Recommend strategies in operational changes to support Caterpillar’s strategic plan, future business decisions, and improvement in business performance.
- Note: You will use information from this entry in your presentation due in Week 5.