Caterpillar and Komatsu: A Mission Statement Evaluation Caterpillar and Komatsu are two of the largest heavy equipment manufacturers in the world with total revenue of over $29.1 billion dollars for fiscal year 2001 between the two companies. Caterpillar was established in 1925 after Benjamin Holt and Daniel Best merged their two companies‚ both of which had been in business for over 35 years each. Komatsu was founded in 1921 when Komatsu Iron Works was spun off as an independent corporation from
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help of two different CEO’s‚ Caterpillar transformed itself. For three consecutive years‚ 1982‚ 1983‚ and 1984‚ the Caterpillar Company lost $1 million a day. Caterpillar’s major competitor was a Japanese company call Komatsu. Due to tough global challenges‚ the collapse of its international markets and an overvalued dollar‚ Caterpillar had to reinvent itself or stop business. With the help of two different CEO’s‚ Caterpillar transformed itself. CEO George Schaefer introduced cost-cutting measures
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SIM336 (Off Campus) Strategic Management - January 2013 - Sunderland Business School Individual Assignment Case Study – ‘The Comeback of Caterpillar‚ 1985-2001’ in De Wit & Meyer (2004:755-772) Submission Date: Monday 7th January 2013 Word Count: 3‚000 words Introduction: This individual assignment will be assessed by means of a 3‚000 word report. The assignment has been designed to allow you to develop and use your knowledge and skills in understanding key strategic
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A case study of Caterpillar and it’s response to bad business decisions Management of all companies are faced with a rapidly changing business environment and unexpected events. Companies that have been dominant in their industries can see their fortunes turn for reasons of their own making or reasons totally out of their control. If a company fails due to reasons out of their control history may judge them as victims. If a company fails due to their own bad decision history
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Caterpillar’s restructuring? Critically examine the extent the new strategy transformed market‚ productive and financial performance. The aim of this paper is to assess the extent to which market maturity influenced the restructuring phase that Caterpillar underwent after it was nearly put out of business in the 1980s. It will be argued that surely market maturity played a central role in the company’s restructuring‚ as the increase of competition and the need for product innovation brought up the
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CATERPILLAR GEORGE SCHAEFER TAKES CHARGE & WORKING TO ESTABLISH “ONE VOICE” Zeynep Şagar Hande Arslantürk The Agenda of the Day Background of CAT The Strategic Business Conference The Initiatives Working to Establish “One Voice” Moving Beyond Identity to Define Caterpillar’s Voice Strategic Tools 2 Background 1920s – 1930s 1930s – 1940s 1930-1939 - Belgium Caterpillar tractors help construct the King Albert Canal. 1932 - Louisiana Five Caterpillar Diesel Sixty Tractors work on the Mississippi
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CASE FOR ANALYSIS 1 CASE FOR ANALYSIS – Case 1 Kinko’s New Operating Structure Kinko’s Inc. was the largest retailer of copying stores‚ but it had to change its operating structure in response to competitive pressures from Quick Copy and OfficeMax. Kinko’s had an informal management process and difficulty managing growth. The founder‚ Orfalea‚ used franchising to launch growth‚ but this approach did not assist Kinko’s in controlling costs or improving customer service. Consultants recommended
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Range Planning‚ 28 (3)‚ 2-3. Bleeke‚ Joel and David Ernst (1993)‚ Collaborating to Compete: Using Strategic Alliances and Acquisitions in the Global Marketplace. New York: Wiley. Cavusgil‚ S. Tamer (1990)‚ "The Importance of Distributor Training at Caterpillar‚" Industrial Marketing Management‚ 19 (1)‚ 1-9. Chakravarthy‚ Balaji S. and Howard V. Perlmutter (1985)‚ "Strategic Planning for a Global Business‚" Columbia Journal of World Business‚ 20 (2)‚ 3-10. DeTienne‚ Kristen and Lee Lewis (2005)‚ "The Pragmatic
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Machinery industry against its industry competitors. Cat Inc. had a record $30.25 billion in sales and revenues in 2004‚ an increase of 33 percent over 2003. The 2004 record profit of $2.03 billion is 85 percent higher than the 2003. What Caterpillar is best in the world at making: Track-Type Tractors. Track-Type Loaders. Wheel Loaders and Integrated Tool carriers. Excavators. Trucks. Scrapers. Motor Graders. Backhoe Loaders. Paving Products
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America’s Ten Biggest Corporate Turnarounds By 24/7 Wall St. Corporate turnarounds are almost never engineered by a single person. A CEO who takes a failing company and makes it successful again obviously has help from management‚ a board‚ along with customers and shareholders. The vision for how a company can change and the execution skills to put the vision to work begin with the chief executive. Most large turnarounds have several things in common. First‚ most new CEOs cut staff sharply to
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