Homework: Strategic Management
Review the Strategic Management Project Background.
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 words entry in your strategic management research journal. You will use information from this entry in your presentation. Respond to the following prompts in your journal entry:
o Identify Caterpillar Inc.'s short-term versus long-term goals.
o Evaluate how mergers and acquisitions in the past 5 years have contributed to Caterpillar Inc.'s performance.
o Assess Caterpillar Inc.'s global strategy (international, multi-domestic, global-standardization, or transnational).
o 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.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.