Question

Respond in your journal entry in 700- to 1050- words to the following prompts:

Determine how AFI strategy framework acts as an integrative facilitator for strategic management planning. Identify the guiding principles used for preparing effective statements that describe the mission, vision, and the core values of an organization. Review the mission statement in Chapter 1 of Strategic Management: Concepts (p. 13), and determine whether the Caterpillar Inc. mission statement conforms to the description in the text. State the reasons the mission statement conforms or does not conform. Research public information, such as news releases, financial reports, and marketing analyses. Based on your research evaluate the alignment between what Caterpillar is currently doing and their mission, vision, or values statement.?

Answer 1

AFI AND CATERPILLAR STRATEGIES AND VALUE,

Solution:-

AFI FRAMEWORK is the planning tool which has three-stage Analysis, Formulating, Implementation

AFI FRAMEWORK

1) Analysis

1) External environmental analysis:-Company environment

2) Internal analysis:- Resources, inside the company

3) Analyze competitive advantage company performances

•       Using the financial market-based calculation
•        Analyzing the company competitor

2) Formulation: -

• Business strategy
• Leadership, innovation

2) Corporate strategy:-

• Vertical combination

3) Implementation: -  

• Structure relationship,
• reward system,

Business ethics:-

• Value of the company, rule, and regulation of the company

Caterpillar Mission & Vision

MISSION: - to focus on economic growth

VISION: - focus on the food, SHELTER, CLOTH basic need of human being is fulfilled

Caterpillar strategies:-

OUR VALUES IN implementation

We believe in the best work environment by the implementation of the following values

• The power of honesty is the best integrity
• We set the excellent goal toward the business
• Teamwork
• Commitment
• We trust in the making world the world  better

What caterpillar company is doing nowadays:-

We are engaged with the people, customer, and partner

1) People: - Hiring best people for the good result outcome

2) Customers focus on customer need and customer satisfaction

3) Partner:-collaborating with the dealer and suppliers and stakeholder to make the goal and positive in term of product development and supply chain

Operation management:-

• Safety: - employ safe is the first priority as they are company assets
• Quality: - quality maintain high as per the customer expectation
• Lean manufacturing: - product development in all aspect of expanding area and transactional work
• Affordable cost structure: - the cost is maintained in the business cycle affordable cost

Conclusion:-

Yes, Caterpillar Conform the core value of an organization