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 core values of an organization as covered in the assigned reading.

Strategic Management Research Journal

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 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.

Use academic research writing format, which includes the use of the 3rd person, and APA formatting for the title page, headings, in-text citations, and reference list.

Use at least two scholarly sources. Be sure to use Rothaermel, F. T. (2019). Strategic management: Concepts (4th ed).

New York, NY: McGraw-Hill as one of the two scholarly sources.
Class, a gentle reminder to try to attempt to limit your word count to no more than 700 words.

Note: You will use information from this entry in your Strategic Management Research Project Presentation due in Week 5.

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