Wk 2 – apply: strategic management journal part 2

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.