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

Question

Familiarize yourself with the following terms and concepts discussed this week in preparation for completion of this assignment: vertical integration, taper integration, backward vertical integration,...

1 answer below »

Familiarize yourself with the following terms and concepts discussed this week in preparation for completion of this assignment: vertical integration, taper integration, backward vertical integration, forward vertical integration, strategic alliances, global strategy, international strategy, innovation.

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:

Identify Caterpillar Inc.’s short-term versus long-term goals.
Evaluate how mergers and acquisitions in the past 5 years have contributed to Caterpillar Inc.’s performance.
Assess Caterpillar Inc.’s global strategy (international, multi-domestic, global-standardization, or transnational).
Discuss the types of innovation Caterpillar Inc.’s uses such as radical incremental, disruptive, and architectural innovation. Identify types of innovation Caterpillar Inc. has used over time.

Citeat least 2 credible and relevant references.

Formatyour journal entry consistent with APA guidelines.

mgt498v5strategicmanagementprojectbackground-4-02paldb2.docx

Answered Same Day Dec 17, 2021

Akash · Accepted Answer

Running Head: MANAGERIAL ACCOUNTING	1
MANAGERIAL ACCOUNTING 		2
MANAGERIAL ACCOUNTING
STRATEGIC MANAGEMENT RESEARCH JOURNAL
Table of Contents
Introduction	3
Short-Term and Long-Term Goals of Caterpillar Inc.	3
Contribution of Mergers and Acquisitions in Last 5 Years’ Performance of Caterpillar Inc.	4
The Global Strategy of Caterpillar Inc.	4
Types of Innovation used presently and previously by Caterpillar Inc.	5
Conclusion	5
References	6
Introduction
Caterpillar Inc. is an American organization, which mainly develops, manufactures, designs, market and sells machines, engines as well as insurances to buyers globally. Caterpillar Inc. is been a largest manufacturer of construction equipment, which is ranked on 65 in the Fortune list of 500 (Caterpillar, 2019). The machinery of the company is recognized by the trademark as “Caterpillar Yellow”. The increase in sales of the company in core products is held by much of the acquisitions and mergers. 
Short-Term and Long-Term Goals of Caterpillar Inc.
The short-term goals of Caterpillar Inc. are mainly to make design of new facilities of construction, which meets up with leadership in energy and green environment. Short-term goals of the company are to reduce the intensity of the energy by less than 50%. Additionally, it also includes the emission of greenhouse intensity by 50% (Caterpillar, 2019). Using of renewable resources for meeting with the energy needs, reduction in consumption of water and also reduction of material, which are the by-products of the materials, by 50% are also the short-term goals of Caterpillar Inc. The company also has some short-term goals for product stewardship such as to increase the fleet to be managed by 100%, to provide safety to the peoples, to increase innovation and technology so as to make improvement in the products and services to the customers (Caterpillar, 2018).
Along with the short-term goals,

Familiarize yourself with the following terms and concepts discussed this week in preparation for completion of this assignment: vertical integration, taper integration, backward vertical integration,...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment