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.
Create a Word doc and title it Strategic Management Research Journal Part 2. (Create a SWOT chart and insert it as a figure in your APA journal essay. Be sure to download the attached guide to refer to. Use a Title page and a References page with at least three references. No running head is required, but do use headings to separate portions of your paper, and remember to cite your sources in the main body of your paper).
Write a 350-500 word response to the following prompts in your journal entry: Do NOT copy and paste prompts or questions to be included in your paper.
- 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 350-500 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.
- Strategic Management Project Background
- Caterpillar Inc. website
Assignment Content 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
4 Title of Paper Student Name Course/Number Due Date Faculty Name Title of Paper Use the title of your paper rather than the word “Introduction.” Notice this is the only Level One Heading that should not be bolded. Triple click your mouse anywhere in this paragraph to replace this text with your introduction. Often the most important paragraph in the entire essay, the introduction grabs the reader’s attention—sometimes a difficult task for academic writing. Level One Heading Replace the level one heading with the words for your heading. The heading must be in bold font and centered. Headings are a necessary part of helping your audience track the sub-topics discussed in the body of the essay or report. Be sure to indent the first line of each paragraph between five and seven spaces by pressing the Tab key one time on the keyboard. In addition, remember to double space the entire paper using the double space functionality in Word. This template is already formatted for double spacing. Another Level One Heading In addition, keep in mind an academic essay should contain at least five paragraphs, which includes the introduction (introductory paragraph), the body (which is generally at least 3 paragraphs), and the conclusion (generally one paragraph). Most well-developed paragraphs contain at least 3-5 sentences, one of which is the topic sentence. Limit each body paragraph to one sub-topic. Remember to always use citations such as this one (Wheelen, Hunger, Hoffman, and Bamford, 2015). Conclusion The closing paragraph is designed to bring the reader to your way of thinking if you are writing a persuasive essay, to understand relationships if you are writing a comparison/contrast essay, or simply to value the information you provide in an informational essay. The closing paragraph summarizes the key points from the supporting paragraphs without introducing any new information. Every Reference on the references page must have a citation in your text, and every citation must be listed on the references page as well. If in doubt, cite! References This is a hanging indentation. To keep the hanging indent format, triple click your mouse on this line of text and replace the information with your reference entry. You can use the Reference and Citation examples from the Owl at Purdue to help format your source information into a reference entry. The reference page always begins on the top of the next page after the conclusion. You must list every citation with a reference, and every reference must have an in-text citation to avoid plagiarism. Wheelen, T. L., Hunger, J. D., Hoffman, A. N., & Bamford, C. E. (2015). Concepts in strategic management and business policy: Globalization, Innovation, and sustainability (14th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.