Sign In
Not register? Register Now!
Essay Available:
3 pages/≈825 words
Check Instructions
English (U.S.)
MS Word
Total cost:
$ 12.96

Strategic Management Research Journal, Part 2 Strategic management in Caterpillar Incorporated (Essay Sample)


Familiarize yourself with the following terms and concepts discussed this week in preparation for completion of this assignment: market capitalization, economic value created, sustainable strategy, business-level strategy, differentiation strategy, strategy canvas.
Create a 825 word entry in your strategic management research journal. You will use information from this entry in your presentation due in Week 5. Respond to the following prompts in your journal entry:
Describe the role of strategic planning in achieving a competitive advantage.
Assess Caterpillar Inc. to determine whether their top focus is accounting profitability, shareholder value creation, or economic value creation.
Assess whether Caterpillar Inc. leverages the appropriate value and cost drivers for their business strategy.
Analyze the strengths and weaknesses of Caterpillar Inc’s competitive advantages.
Evaluate the influence of ethics, social responsibility, and legal considerations on strategic planning.
Discuss the value of corporate social responsibility (CSR), and determine if Caterpillar Inc.’s CSR meets those values.
Analyze the role of ethics and social responsibility in developing Caterpillar Inc.’s strategic plan while considering stakeholder needs and agenda.
Cite at least 3 credible and relevant references.


Strategic management in Caterpillar Incorporated
Institution of affiliation
Strategic management in Caterpillar Incorporated
Strategic management is vital for the success of any business organization. It involves a set of managerial and leadership actions and decisions that dictate how a corporation is run. Careful consideration of both internal and external environments of the organization is crucial before the development of strategic plans. The managers must have a systematic way of analyzing these environments and a means of assessing the weaknesses and strengths of the organization. Besides, every firm must be able to identify the opportunities that give it a competitive advantage over others and external threats that it may receive. Caterpillar Inc. is one of the firms that utilize strategic management approaches to plan, organize, lead, and control the entire systems.

Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

You Might Also Like Other Topics Related to art essays:

  • Strategic Management Research Journal, Part 2 Management Essay
    Description: Strategic planning refers to the process of developing new strategies and implementing them within an organization to attain the set-out goals of a given firm. This process helps the firm or organization to realize several things, including gaining a competitive advantage over its competitors...
    3 pages/≈825 words | APA | Management | Essay |
  • Wk1 Discussion Visual and Performing Arts Experiences Management Essay
    Description: Visual and performing art plays significant roles in people’s life. The effects and emotions elicited by this performance depend on the actors’ presentation and the message they want to pass to their audience. Many times, the performers’ actions can build emotional connections,...
    1 page/≈275 words | APA | Management | Essay |
  • Final Writing Assignment Visual & Performing Arts Essay
    Description: Art has diverse forms, and it exists in different communities, cultures, and nations. Since time memorial, art has been created, proved in cave portraits and rock painting, and current world, people recognize that it can be critical economic power, yet individuals continue to inquire about the value of art...
    14 pages/≈3850 words | MLA | Visual & Performing Arts | Essay |
Need a Plagiarism Free Essay?
Submit your instructions!