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. 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: 1. 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). 2. Analyze Caterpillar’s strengths and include specific examples based on your SWOT analysis findings. 3. Evaluate the weaknesses and threats for any common themes that might be a risk. 4. Compare Caterpillar’s weaknesses against its opportunities. 5. Propose problem-solving strategies to address Caterpillar’s weaknesses or threats that could be mitigated by a business opportunity or business decision. Note: You will use information from this entry in your presentation due in week 5.
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