Furthermore, the team members were to describe the organizational buyers and consumers of their newly invented product, and the factors that may influence the target market’s purchasing decisions. This paper also includes discussion of the factors that can affect the marketing strategy chosen, the analysis of the current competitors, and the definition of the competitive background of the team’s product.…
* Our management moved from agriculture equipment to EME industry with the construction of highways, which lead to a large demand for earth moving equipment (p.7, ¶5)…
Bloomberg Business News (1996, July 3). Caterpillar acquisition. The New York Times. Retrieved from http://www.nytimes.com/1996/07/03/business/caterpillaracquisition.html Caterpillar Company (2011). Strategy. Retrieved from http://www.caterpillar.com/company Caterpillar Fact Sheet (2010). 2010 Year in review: Think like your customer. Retrieved from http://www.caterpillar.com/year-in-review Caterpillar Marine (2011). Caterpillar Marine Power Systems: About us. Retrieved from http://marine.cat.com/about-us Caterpillar Sponsorships (2011). Sponsorships. Retrieved from http://www.caterpillar.com/company/sponsorships Caterpillar Sustainability (2011). Vision, Mission, Strategy. Retrieved from http://www.caterpillar.com/sustainability Company Profile (2011). Yahoo Finance: Business summary. Retrieved from http://finance.yahoo.com/q/pr?s=cat Ensinger, D. (2010, September 2). Caterpillar to expand in Brazil. In Economy in Crisis. Retrieved from: http://economyincrisis.org/content/caterpillar-expand-brazil Fortune 500 (2011). Caterpillar. Retrieved from http://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/81.html Harvard Business School (2010). Lehman Brothers collection: Twentieth-century business archives, Caterpillar Tractor Co. Retrieved from http://www.library. hbs.edu/hc/lehman/chrono.html?company=caterpillar_tractor_co…
3) A few strategic changes were made in order to cut costs. The company’s core business was redefined and all non-core businesses were marked for divestiture. In addition, regional headquarters and back office administrative functions were consolidated as well as the production facilities. Overall personnel were reduced by 50%. The cut in costs might result in higher profits since wages expense and…
* The company conducted training program for the dealers and product demonstrations for its customers. (p. 8, ¶ 5)…
In order to regain some of its lost market share, the company made some rapid and unbalanced changes to its architecture. However when making changes to one area of the company, it failed to coordinate the changes to other areas. In 1984, the company restructured and changed its decision making process to become more decentralized. As a result, 17 new departments were created. These new business units had profit-and-loss responsibilities, and their corresponding managers were given the responsibility to decide on new products, pricing, and other important policies (Brickley, 2009, p. 359). The result of this major restructuring had very little impact of the company’s plan to regain market share and profits. In reaction to this lack of impact, the company implemented the Management Annual…
The Forest Tent Caterpillars latin name is Malacosoma disstria Hubner and is native to North America. They can be found through forests that contain hardwoods and are most prolific in the eastern parts. Trees that the Forest Tent Caterpillar attacks in New York are basswood, ash, sugar maple, alder, cherry, elm, apple, aspen, birch, and oaks. Trees that are not hosts for this pest are conifers, red maple, and sycamore. The New York State of Department of Environmental Conservation also says that in the Western US and Canada, that trembling aspen are hosts to the FTC (Kraus).…
Hitachi Seiki stayed on top of their competitors with a competitive priority producing the best product quality for their customers. To meet this standard Hitachi Seiki set forth a new engineering discipline called Mechatronics, which is the integration of mechanical design and electronics. With this new discipline the company can take action in Flexible Manufacturing Systems (FMS) to be able to meet the needs of their customers and be as flexible as possible to cater to them. The case states, “There were many problems with the new technology, and developments in automation did not materialize as rapidly as expected. As a result, many companies stuck with traditional manufacturing processes.” This set Hitachi Seiki apart from the other companies and they had a competitive advantage among the other companies.…
Powerfully developing his thesis that the complacency and shortsightedness of American workers and their bosses, especially the automakers of Detroit (Ford), have led to a decline of industrial know-how so critical that Asian carmakers, particularly the Japanese (Nissan), have virtually taken over the market. Halberstam a detailed story in The Reckoning that is alarming in its implications. Immediately after starting the book is a harsh, but very truthful scenario that will see America 's standards of living fall appreciably only sacrifices will restore our "greatness." His book also goes into a skilled, dramatic interweaving analysis of the inside struggles of the Ford organization in the 1970s and the growth of the Japanese automotive industry, notably Nissan, since the 1950s. American and Japanese industrialists compete blindly on the one hand and with brilliant cunning on the other. The book is among the most absorbing of recent years, every page contributing to the breathtaking picture of an America that is going to learn to retool or else.…
Caterpillar is a corporation that designs, manufactures and sells diesel and natural gas engines, construction, and mining equipment. Since the year 1905 Caterpillar has been a corporation that has evolved by making significant improvements to its machinery by taking advantage of the available technology, and it has had the ability to adapt to the dynamic changes and demands of the construction industry. Many significant events have occurred in this business to make this company what it is nowadays, a very prestigious and successful company around the world. In the year 1906 in San Francisco California, when one of the most significant earthquakes took place, the company made a remarkable use of its machinery by helping with the clean-up of such disaster. Soon enough the company made a contribution to Europe, years before War World I started, 1200 tractors were shipped to England, France, and Russia for agricultural purposes; however, these governments sent those tractors to the frontline and put them to work halting artillery and supplies. Consequently they served as an inspiration for the British government to invent the tank, for they borrowed the track laying principle to provide the tank with its form of locomotion. Caterpillar has become the number one company in its industry with more than $70 billion is assets; these important achievements could have only been accomplished with a well-defined and functional organizational structure.…
It is important For Caterpillar to develop new products for the same reason all other companies produce new products, to try to stay ahead of the competition. Times change and equipment needs to change with them. New methods are developed that require new machines, and you don’t want to let your competitors meet those needs instead of you. Another reason is, people change and what they want or need is different. New products also offer innovation (Page 393).…
As school comes to the last week, we take a walk, one that leads us back to the beginning of our schooling, one where we picked books based off how many fingers we held up when we couldn't understand a word's, one that lead us to reading those Shakespeare books, that well most of us dread. As the first afternoon class of kindergarten set upon us, we were first told to grab a seat on the rainbow mat, and read along to the Hungry Caterpillar. Middle school began a phase of students running around holding up three fingers representing the death in the middle school beloved book The Hunger Games. As we grow up we realize that race of one person becomes an issue, The Help, a touching book leaves us to learn how those women felt as they were told they had to take care of rich white womens homes. Fair minded that we all began with one simple book to get at the complexity level we are now at.…
After reading the poem, I felt that it was very sassy. I interpreted it as a life lesson, and to never dwell on your past mistakes. The poem was short, sweet, and easily understood. I really enjoyed this poem; it reminded me of how I want to live my life.…
Last night I had the pleasure to hear Julie Lagacy speak for Northern Illinois University BELIEF Week. Julie is the Vice-President of Finance Services Division at Caterpillar. She is married and has two children. I am very sure her family is proud of her.…
The exhibited case investigation is around a testing turnaround of the Japanese auto assembling organization Nissan. In 1999 Nissan was bringing about misfortunes in seven of the former eight years, which prompted a collusion with the French auto producer Renault, and the procuring of another CEO. Carlos Ghosn, being the first non-Japanese CEO, needed to face an enormous society conflict (French-Japanese) so that he might rethink the organization's structure to eventually upgrade its execution in a greatest time of two years. Despite the fact that he seriously tended to social issues, taking under thought the details about Japanese society standards, he additionally acquired couple of hazardous choices that could have conflicted with the procedure,…