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Competitive advantage

Read the document.

Review the resources listed at the end of this assignment along with the terms and concepts discussed this week to prepare for this assignment:

strategic management
competitive advantage
strategic plan
mission statement
vision statement
core values statement
AFI
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:

Justify the guiding principles required for preparing effective statements that describe the mission, vision, and the core values of an organization as covered in the assigned reading.
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.
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.

Sample Solution

levant IT software can relieve pressure save time and increase accuracy however the scope of the role would be far greater. 3.3 Analyse key factors & trends impacting on a school: See Appendix 2: Political: Brexit is causing a lot of uncertainty with our European students and teachers; Brexit could cause a significant reduction in students from across Europe and reduce the diversity in schools also increase in staffing problems due to the lack of teachers from European countries filling in posts, teachers who bring new cultures and approaches to our schools and community. With so much turmoil in the government school policies like the national funding formula has been pushed back. Economic: The rise in the minimum wage enables families to have more disposal income, therefore working extra hours or a second job may not be necessary which enables parents to devote more time to their children’s schooling and activities. Social: Schools are adopting specific behaviours to improve outcomes for disadvantaged pupils, implementing community centered strategies for parent involvement, monitoring of progress and providing individual learning support; schools have systems in place for early identification and intervention. Pupil premium awarded to raise attainment and also different strategies are used to engage with the disadvantaged families to increase parental engagement and improve academic performance. Technological: Smart apps and devices are fast and furious, schools are confronted with challenging issues from online risks such as violation of privacy or fraud, schools are expected to educate children by raising awareness about these risks and how to avoid them, however budget restrictions is causing to be a barrier on latest ICT equipment and software. 3.4 Explain how a range of analytical tools can be used to investigate & address key management issues within a school: Using analytical tools widens the approach of thinking, enabling SBMs to solve a problem, be predictive and be implementable. I believe the aim of using analytical tools is to sharpen the focus of the analysis and to ensure methodical, balanced approach, e.g. SWOT- helps to focus on internal and external factors, which SBMs can use to identify issues as well as barriers and solutions, useful to spot danger and improve weakness. PESTLE tool can be used to analyse various external factors, which impact schools.
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