In: Operations Management
Conclusion on Caterpillar Inc overall.
As Caterpillar is the largest manufacturer of heavy equipment and the company is in top position right now, i don’t think there is much changes that it should take. The company should stick on to its mission and vision closely so as to keep a balance in the people and company. Also they should have learnt how to control their debt so as to not repeat the same mistakes all over. Caterpillar should also try to produce more products that can cater to even more customers plus it has to be environmentally friendly. Economic recession such as the Great Crash pose threat to Caterpillar as it experience lower sales and high lost which could force the company to retrench worker or close plants.
Caterpillar Inc has been the world’s largest manufacturer of earthmoving machinery, including trucks, tractors, excavators, graders, scrapers and other heavy machinery used in the construction, mining, and forestry industries. And it’s success can only be credited to the swift thinking and innovative minds that runs the company. Caterpillar Inc runs its business strictly and according to its value and principles and this actually made Caterpillar Inc ethical.