Familiarize yourself with the following terms and concepts discussed this week in preparation for...

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Familiarize yourself with the following terms and concepts discussed this week in preparation for completion of this assignment: organizational structure, organizational culture, inertia, Holacracy,...

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Familiarize yourself with the following terms and concepts discussed this week in preparation for completion of this assignment: organizational structure, organizational culture, inertia, Holacracy, PESTEL model.

Create a 700 to 1,050-word entry in your strategic management research journal. You will use information from this entry in your presentation due in Week 5. Respond to the following prompts in your journal entry:

Assess whether Caterpillar Inc. is using the appropriate measures to verify its strategic effectiveness.
Summarize Caterpillar Inc.’s organizational structure.
Determine whether Caterpillar Inc.’s organizational structure is considered a traditional organizational structure or a Holacracy.
Detail why it is important for Caterpillar Inc. leadership to study and understand the company’s internal and external environments.
Evaluate Caterpillar Inc.’s competitive position and how they have responded to shifts in the external and internal environments.

Citeat least 2 credible and relevant references.

Formatyour journal entry consistent with APA guidelines.

Answered Same Day Dec 13, 2021

Abhishek · Accepted Answer

Running Head: STRATEGIC MANAGEMENT PROJECT BACKGROUND	1
STRATEGIC MANAGEMENT PROJECT BACKGROUND	7
STRATEGIC MANAGEMENT PROJECT BACKGROUND
CATERPILLAR INC.’S ORGANIZATIONAL STRUCTURE
Table of Contents
Assessing if Caterpillar Inc.’s use of Suitable Measures for verify Strategic Effectiveness	3
Summary of Organizational Structure of Caterpillar Inc.	3
Determining if Organizational Structure of Caterpillar Inc. is Traditional or Holacracy	4
Significance of Caterpillar Inc. Leadership to Evaluate its External and Internal Environments	5
Evaluating Competitive Position of Caterpillar Inc. and its Responses to Shifts in Internal and External Environments	5
References	7
Assessing if Caterpillar Inc.’s use of Suitable Measures for verify Strategic Effectiveness
Caterpillar Inc. is a renowned company, which manufactures different construction equipment, diesel and the different petroleum gases. In this age of globalization, it is very important for any organization to implement different effective strategies that will help them to grow and develop more in the international platform. Caterpillar Inc. has also implemented the different strategies for the gradual developments. However, it is very important for the organization to assess the effectiveness of the strategies periodically so that they can understand the scopes of developing the existing strategies (Maduenyi, Oke, Fadeyi & Ajagbe, 2015).
Caterpillar Inc. tends to stick to the strategic objectives and they monthly assess their profits, spreadsheets to examine the success of the strategic objectives. An up-to-database is also maintained by the Caterpillar Inc. In this way, the company also understands the actual development of the company as a result of the strategic effectiveness. These are the measure that has been applied by the Caterpillar Inc. in order to assess the effectiveness of the different strategies applied within the company.
Summary of Organizational Structure of Caterpillar Inc.
The above organizational structure summarizes the hierarchy of Caterpillar Inc. The head of this corporation is the CEO who is the ultimate leaders of this company.

Familiarize yourself with the following terms and concepts discussed this week in preparation for completion of this assignment: organizational structure, organizational culture, inertia, Holacracy,...

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