evaluate Caterpillar’s current competitive advantages and disadvantages.
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- Assess what Caterpillar Inc.’s current competitive advantages and disadvantages are by considering their business partners, allies, and general operations. Research the assignment resources listed below. Based on your research, evaluate Caterpillar’s current competitive advantages and disadvantages.
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- Assess whether Caterpillar Inc. is using the appropriate measures to verify its strategic effectiveness.Provide brief complete analysis of different levels of diversification that a firm can pursue by using different corporate-level strategies. What are the three reasons firms choose to diversify their operations? Give industry examplesName a familiar firm. Summarize or quote this company's mission and business activity
- Competitive Analysisa. How do you describe your competition, both direct and indirect?When using the strategic management process, firms should start by A) developing a strategic vision, mission and values. B) developing a proven business model, deciding on the company's top management team, and crafting a strategy. setting objectives, developing a business model, crafting a strategy, and deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage. C) coming up with a statement of the company's mission and communicating it to all employees, setting objectives, selecting a business model, and monitoring developments and initiating corrective adjustments to the business model when necessary. D) deciding on the company's board of directors, setting financial objectives, crafting a strategy, and choosing what business approaches and operating practices to employ.Kourdi (2009:3) has defined business strategy as a “plan, choice or decision used to guide a company to greater profitability and success.” Required Explain how the following strategies facilitate the achievement of success or profitability: Outsourcing Diversification Market Focus Market development
- IT serves as the nerve center of the information revolution. Unfortunately, it is difficult to pin down exactly what role IT plays and what influence it has. Do research on how different links in the value chain make use of technology to boost their operational efficacy and gain a competitive edge.In chapter 2, we studied Porter's Five Forces. The textbook describes five competitive strategies (cost leadership, differientiation, growth, innovation, and alliances). Provide a short (2 to 3 sentence) definition for each of the strategies and provide an example of a company that has utilized computer systems to excel in one of these five areas, and how they did it.Evaluate Caterpillar Inc.’s competitive position and how they have responded to shifts in the external and internal environments.
- Analyze a competitive situation or industry practice in a 4 to 6 page, APA formatted written paper. You should choose a topic early on in this course. All papers must be strategy papers, meaning they must be about firms. However, there is a great deal of flexibility in the choice of topic. First, choose an industry, based on interest in the industry. Examples of industries range from advertising to zoos, and include digital watches, private jets, diapers, over-the-counter cold and flu formulas, photographic film, automobiles, airlines, football, romance novels, dating services, banana production, or pre-stressed concrete, computer printers, pagers, business schools, used cars sold over the web, movie theaters. Having chosen the industry, you will need a question or issue on which to focus. Such questions could be broad (What strategies are most likely to sustain profitability?) or narrow (Should firm X build a new plant? Where?). Good questions encourage you to think…Competitive strategy aims to establish a profitable and sustainable position against the forces that determine industry competition” (Porter, 1985). Evaluate the five basic competitive strategies pursued by organizations in order to create sustainable competitive advantageTwo basic competitive strategies are: Cost leadership and Product / service differentiation. You have two business choices in the current pandemic, (1) cleaning service or (2) healthy homemade cooking. Naturally many things are different from the two types of business that you want to be in.Make a business analysis of 2 this type of choice is both qualitative and quantitative, and all of them are supported by reference data and simple calculations to support your competitive strategy