Strategic Management Document Part 2

Wk 2 – Apply: Strategic Management Document Part 2 [due Day 7]
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 drive organizational strategic decision making and evaluate problem-solving strategies for the company.

Review the

Strategic Management Project Background v1.docx

document.

Create a Word document and title the assignment Strategic Management Research Document Part 2.

Write a 350- to 525-word response to the following requirements in your assignment:

1. Conduct a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis of Caterpillar, Inc.

2. From the results of the analysis create a SWOT quadrant.

3. List at least 3-7 findings for each SWOT quadrant (this information is not included in the 350-525 required word count).

4. Analyze Caterpillar’s strengths and include specific examples based on your SWOT analysis findings.

5. Evaluate the weaknesses and threats for any common factors that might pose a risk for Caterpillar.

6. Compare Caterpillar’s weaknesses against its opportunities.

7. Propose problem-solving strategies to address Caterpillar’s weaknesses or threats that could be mitigated by a business opportunity or business decision.

8. 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. Use the APA formatting for the title page, headings, in-text citations, and reference list.

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Resources

Wk 2 Learn activity “SWOT can be a Picnic.”