Read the Caterpillar Case Study.
After reviewing the case, respond to the following two questions in an essay (introduction, body, and conclusion) format.
Case Study Questions
Note: Minimum word count for each question is 350 to 400 words.
1. Based on the information provided in the case, what are the key challenges faced by Caterpillar? As a business advisor to the new CEO, provide at least two recommendations to reduce sudden economic swings at Caterpillar. Provide details and examples to support your answer.
2. Based on the information provided in the textbook (16.2, control methods), what are the five methods used to achieve control in an organization? Which of these five methods would best apply to Caterpillar? Provide details and examples to support your answer.