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Caterpillar Research Paper

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Caterpillar Research Paper
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). It is important to test your new equipment to ensure mechanical reliability, quality, and market test new equipment, because your name and the reputation are at stake. It takes a long time to build a reputation, but just one bad item to ruin it. Also, after it is built the best way to
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