Homework: Strategic Management Research Journal
Review the following terms and concepts discussed this week to prepare for this homework:
1) organizational structure
2) organizational culture
3) inertia
4) Holacracy
5) PESTEL model
Create a Word doc and title it Strategic Management Research Journal Part 3.
Write a 525 to 700 words response to the following prompts in your journal entry:
1) Assess whether Caterpillar Inc. is using the appropriate measures to verify its strategic effectiveness.
2) Summarize Caterpillar Inc.'s organizational structure.
3) Determine whether Caterpillar Inc.'s organizational structure is considered a traditional organizational structure or a Holacracy.
4) Justify why it's important for Caterpillar Inc.'s leadership team to study and understand the company's internal and external environments.
5) Evaluate Caterpillar Inc.'s competitive position and how they have responded to shifts in the external and internal environments.
6) Recommend strategies in operational changes to support Caterpillar's strategic plan, future business decisions, and improvement in business performance.
Format your homework 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 homework, 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.