Strategic management includes an analysis of a businesss 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 550-word 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 word count).
Analyze Caterpillars strengths and include specific examples based on your SWOT analysis findings.
Explain and evaluate the weaknesses and threats for any common themes that might be a risk.
Compare Caterpillars weaknesses against its opportunities.
Propose problem-solving strategies to address Caterpillars weaknesses or threats that could be mitigated by a business opportunity or business decision.
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