Question

Assignment Content

1. Strategic management includes an analysis of a business’s current state. Continuing with your research of Caterpillar, Inc., you will leverage the business SWOT tool to identify and drive organizational strategic decision making and evaluate problem-solving strategies for the company.

   
   

   Review the Strategic Management Project Background document.

   
   

   Create a Word doc and title it Strategic Management Research Journal Part 2.

   
   

   Write a 350- to 525-word response to the following prompts in your journal entry:

   1. Conduct a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis of Caterpillar, Inc. Each SWOT quadrant must contain 7-10 items, (this is not included in the 525-word count).
   2. Analyze Caterpillar’s strengths and include specific examples based on your SWOT analysis findings.
   3. Evaluate the weaknesses and threats for any common themes that might be a risk.
   4. Compare Caterpillar’s weaknesses against its opportunities.
   5. Propose problem-solving strategies to address Caterpillar’s weaknesses or threats that could be mitigated by a business opportunity or business decision.

Answer 1

Answer : 1. SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis of Caterpillar, Inc.

STRENGTH	WEAKNESS	OPPORTUNITY	THREAT
Solid Brand Image	Low pace of advancement	Increasing upper hand through development.	Serious rivalry
Solid Global Distribution Network	Constrained association in developing markets	Higher framework request in the developing business sector.	Obligation laws shift in various nations.
Elevated level of consumer loyalty	High steady loss rate in the workforce	Future pattern, for example, the utilization of gaseous petrol and power fuelled vehicles can give new roads.	Money Fluctuation
Solid Dealer Community	Low interest in R&D when contrasted with its rivals.	Improve the Supply chain and the expense of transportation.	Impersonation of items in developing markets.
Reliable Supplier	Europe represents a fourth of its incomes. Current emergencies stay a worry.	A New pattern in buyer conduct can open another market for CAT.	Quick mechanical change
Item Innovation	Not profoundly effective at incorporating firms with the diverse work culture.	Utilization of new innovation that gives a chance to rehearse separated estimating procedure.	The Increasing pattern towards non intervention in the American economy.
Highly skilled Workforce	The Marketing issues concerning situating and one of a kind selling suggestion isn't very much characterized.	Opening up of the new market in light of government guideline empowering more self-governance and unhindered commerce understandings.	International hazard can unfavourably influence the simplicity of working together abroad. Example: Increment in Tariff

2. Analyzing the Strength of Caterpillar Inc. : Caterpillar Inc. is one of the main organizations in its industry. Caterpillar has various qualities that caused him to flourish in the commercial centre. These qualities secure its current piece of the overall industry as well as aides in investigating another market. Its significant quality incorporates solid brand picture and broadness of its seller arrange.

Example: Inter-brand has positioned caterpillar as the world's 89th most important brand worth of $4.9 billion. Caterpillar expansiveness of its seller arranges incorporates 168 vendors, utilizing 157000 workers at 2163 branches all inclusive.

3. Evaluating Weakness and Threat for a common theme as given below: The regular test that lies ahead for Caterpillar is the Rapid mechanical change corresponding with the slow pace of advancement. To effectively push ahead it needs to recognize conceivable future innovation and requirements to put resources into R&D to create advanced innovation.

4. Comparing Caterpillar’s weaknesses against its opportunities: The significant shortcoming is a low pace of development and opportunity is expanding upper hand through advancement. The shortcoming can be utilized as happenstance by making future innovation. Restricted association in developing business sector, for example, china with absence of appropriation arrange vendor when contrasted with satisfy such interest in the developing business sector by improving their essence in such markets.

5. Problem-solving strategies to address Caterpillar’s weaknesses or threats that could be mitigated by a business opportunity or business decision are:

1. International hazard can be limited by understanding the international structure between the Home and host nations. This hazard can be diminished by going into new markets with great government strategy giving long haul development to the organization and the economy overall.

2. Low association in a developing business sector can be deliberately improved by improving flexibly chain and seller organize across such market and furthermore executing Supplier relationship the executives to make an incentive between the organization and provider.

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