Answer the following IN YOUR OWN WORDS. Write a 350- to 525-word response to the following prompts in your journal entry. It will be ran thru a plagiarism

Answer the following IN YOUR OWN WORDS. Write a 350- to 525-word response to the following prompts in your journal entry. It will be ran thru a plagiarism checker, thanks.

Review the Strategic Management Project Background document(attached). Create a Word doc and title it Strategic Management Research Journal Part 2.

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.

References: List a minimum of 2 references researched for this Journal assignment MGT/498 v6
Strategic Management Project
Background
Overview
The intention of the Strategic Management Project is to provide you practical experience with the
elements of strategic management. The project is spread across the 5-week period of the course. Weeks
1-4 provide an opportunity to put key terms into practice by appraising the strategic planning elements of
Caterpillar Inc. through documentation in the Strategic Management Research Journal. The Week 5
concluding assignment showcases your understanding of strategic management and improvement in the
formulation of a presentation to Caterpillar Inc.’s leadership team.
For purposes of the Strategic Management Project, you will operate as if you are a new hire at the
Caterpillar Inc. headquarters in the role of Assistant Strategic Development Analyst.
Assistant Strategic Development Analyst Job Description
•
•
•
Maintain a Strategic Management Research Journal in which you:
o Appraise Caterpillar Inc.’s corporate data, competitors, and associated business information.
o Document background information to include previous and current strategic management of
Caterpillar Inc.
Assess the strengths and weaknesses of strategic management of Caterpillar Inc., based on your
analyses, and provide information in a presentation to Caterpillar Inc. leadership.
Recommend strategic management actions to ensure future success in a presentation to Caterpillar
Inc.’s leadership team.
About Caterpillar Inc.
The following is derived from the Caterpillar Inc. website:
Caterpillar Inc. is a leading manufacturer of construction and mining equipment, diesel and
natural gas engines, industrial gas turbines, and diesel-electric locomotives. Caterpillar’s
enterprise strategy focuses on solutions to help customers build a better world and allows the
company to deliver profitable growth for their shareholders. The company’s corporate governance
program ensures they serve the interests of stockholders and other stakeholders with the highest
standards of responsibility, integrity, and compliance with all laws. Caterpillar’s global presence,
product breadth, and financial strength enables the company to be competitive in today’s global
marketplaces.
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