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 350- to 525-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 525-word count).
Consider viewing the YouTube.com video: SWOT Analysis – What is a SWOT analysis?
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.
Use at least two scholarly sources. Be sure to use Rothaermel, F. T. (2019). Strategic management: Concepts (4th ed). New York, NY: McGraw-Hill as one of the two scholarly sources.
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