Create a Word document and title it Strategic Management Research Journal Part 1.
Write a 500- to 700-word response to the following prompts as your journal entry:
1. Justify the guiding principles required for preparing effective statements that describe the mission, vision, and core values of an organization as covered in the assigned reading.
2. 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.
3. 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.
Note: You will use information from this entry in your Strategic Management Research Project Presentation due in Week 5.