Signature Assignment: Strategic Management Paper/Journal Part 1

Wk 1 – Apply: Signature Assignment: Strategic Management Paper/Journal Part 1 [due Day 7]
Assignment Content

Read the Strategic Management Project Background document.

Review the resources listed at the end of this assignment along with the terms and concepts discussed this week to prepare for this assignment:
strategic management
competitive advantage
strategic plan
mission statement
vision statement
core values statement
AFI

Create a Word document and title it Strategic Management Research Paper/Journal Part 1.

Write a 700-word response to the following sections as your Paper/journal entry:
Justify the guiding principles required for preparing effective statements that describe the mission, vision, and the core values of an organization as covered in the assigned reading.
Compare whether Caterpillar Inc.’s mission, vision, and core values conform to the guiding principles in the text and support organizational strategic planning principles as justified in prompt #1. Refer to the Caterpillar Inc. website listed in the Resources section below.
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.
Submit your assignment Paper/Journal as a 7th edition APA Microsoft Word document to include a Title page, Introduction, body, conclusion and Reference page.
Please Review the Assignment Format Sample APA paper attached below:

Sample Paper 2020.docx

Note: You will use information from this paper in your Strategic Management Research Project Presentation due in Week 5.

SAMPLE SOLUTION

Caterpillar Inc. manufactures heavy machines and engines. Some of these commodities include bulldozers, excavators, wheel loaders, diesel engines, and trucks. The organization also provides services, such as funding and insurance and repair and training services. Based on these commodity offerings, the company has an average level of diversification, operations in the heavy equipment sector, engine sector, and financial services sector (Dupin, 2014). Despite the increased international competition,…