Assignment
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 words 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.
Format your assignment according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.