Discussion Post: Strategic Management Journal
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.
Task
Write a 350 to 525 words response to the following prompts in your journal entry:
• 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).
• Analyze Caterpillar's strengths and include specific examples based on your SWOT analysis findings.
• Evaluate the weaknesses and threats for any common themes that might be a risk.
• Compare Caterpillar's weaknesses against its opportunities.
• Propose problem-solving strategies to address Caterpillar's weaknesses or threats that could be mitigated by a business opportunity or business decision.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.