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Review the following terms and concepts discussed this week to prepare for this assignment:
- organizational structure
- organizational culture
- PESTEL model
Create a Word doc and title it Strategic Management Research Journal Part 3.
Write a 525- to 700-word response 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.
- Justify why it’s important for Caterpillar Inc.’s leadership team 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.
- Recommend strategies in operational changes to support Caterpillar’s strategic plan, future business decisions, and improvement in business performance.