Reference no: EM132441153
Familiarize yourself with the following terms and concepts discussed this week in preparation for completion of this assignment: market capitalization, economic value created, sustainable strategy, business-level strategy, differentiation strategy, strategy canvas.
Respond to the following prompts in your journal entry:
1. Describe the role of strategic planning in achieving a competitive advantage.
2. Assess Caterpillar Inc. to determine whether their top focus is accounting profitability, shareholder value creation, or economic value creation.
3. Assess whether Caterpillar Inc. leverages the appropriate value and cost drivers for their business strategy.
4. Analyze the strengths and weaknesses of Caterpillar Inc's competitive advantages.
5. Evaluate the influence of ethics, social responsibility, and legal considerations on strategic planning.
6. Discuss the value of corporate social responsibility (CSR), and determine if Caterpillar Inc.'s CSR meets those values.
7. Analyze the role of ethics and social responsibility in developing Caterpillar Inc.'s strategic plan while considering stakeholder needs and agenda.
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Describe processing and flow of any one type of information
: Describe the processing and flow of any one type of information in the company given its existing technology. Identify any gaps and suggest improvements.
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Analyze different types of strategies in brief
: Analyze different types of strategies (cost leadership, differentiation, and focus/niche) and select which one you would deem more appropriate.
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Describe the essential concepts of recruitment
: Specifically focus on the 3 essential concepts of recruitment and select any one of the concepts to discuss. After discussing, explain to the management.
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Developing performance management processes within countries
: Debate the major challenges (e.g., legal requirements, cheaper manpower, global talent, human resource practices, etc.) that MNCs face when.
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Strategic planning in achieving competitive advantage
: Describe the role of strategic planning in achieving a competitive advantage. Analyze the strengths and weaknesses of Caterpillar Inc's competitive advantages.
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Confidentiality-Integrity and Availability
: Explain what the following terms mean to you as they apply to information security and safe computing: Confidentiality, Integrity, and Availability.
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What is the company competitive priority
: What is the company's product? What is the company's competitive priority? Zara is discussed in the Chapter opener. What is Zara's competitive priority?
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What is the role of the manager in organization innovation
: How have you seen an organization's innovation, or lack of it, affect their success? What is the role of the manager in an organization's innovation?
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Information security and safe computing
: Explain what the following terms mean to you as they apply to information security and safe computing: Confidentiality, Integrity, and Availability.
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