Familiarize yourself with the following terms and concepts discussed this week in preparation for completion of this assignment: organizational structure, organizational culture, inertia, Holacracy, PESTEL model.
Create a 700 to 1,050-word entry in your strategic management research journal. Respond 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.â€™s organizational structure.
- Determine whether Caterpillar Inc.â€™s organizational structure is considered a traditional organizational structure or a Holacracy.
- Detail why it is important for Caterpillar Inc. leadership to study and understand the companyâ€™s internal and external environments.
- Evaluate Caterpillar Inc.â€™s competitive position and how they have responded to shifts in the external and internal environments.