Strategic Management

STRATEGIC MANAGEMENT2006PART AIntroductionTechnology is a central part of our culture . Since the long time of industrial revolution , technology has been recognise as a tool that has the power to develop societies . Furthermore , it is also recognized as a tool that defines the future of the societies . Since then , technology has become the symbol of progress and development in about fields of human endeavors . Companies who specialize in producing technological instruments atomic number 18 making millions of dollars by providing people with technological solutions for each of their problems . evening the famous richest man in the world , Bill provide , is making his billions of dollars from the technology-related tuneNevertheless , the business of technology has been proven not to be as simple as every atomic number 53 might consider . It is place as the fastest developing and also the fastest ever-changing business in the worldTechnology can also gives birth to immense contr everywheresy . Without adequate control mechanisms or considerable good restrictions , technology could backfire on humans and create loneliness . Disasters such as Chernobyl and chemical poisoning in India argon examples of inadequate control over technology in its recitation . While the Restoration of Meiji (using the firsts Gatling Guns ever made ) and the Pearl nurse (using Japanese-Zero airplanes and modified torpedo s ) are examples of technological applications that were bound by inadequate moral or ethical restrictionsConcerning this issue , this analyzes one of the most successful global companies in the business of providing pass on equipment to guests . quat is a producer of bulldozers , tractors and other heavy equipment that has been cognize worldwide Corporate Background : Caterpillar IncBenjamin Holt and Daniel Best create the caller-up in 1925 . Since 1890 these two inventors experimented with various forms of steam tractors for employment in farming . Holt s first tractors was assembled is 1904 . The come with started to produce advanced tractors with motor graders , blade graders , elevating graders and electrical generating sets since the 1940 s .

In 1983 , the great ecological niche forced the company to perform massive cutbacks and layoffs on business . It wasn t until the 1985 that the company managed to get back on their feet and meet customer demands again (`Caterpillar-History , 2006Today , with more than 80 years of experience , the company is leading the industry of mining and construction equipment manufacturers with the 2005 sales and receipts of 36 .34 billion , 20 higher from the previous yearBesides marketing advanced designed machinery , the company also offers various pay alternatives for customers along with the provision of insurance services and lease agreements in to boost Caterpillar sales . The company has also secured its situation as a global trader by having a half of corporate sales to customers outside the United States (`Caterpillar Inc-Pro , 2006 III .Customers Needs of Mining and Construction EquipmentFurthermore , the company verbalize that they have global network that provides them with leading edge advantages . The company has a line of trustworthy partners from whom the company makes deals and agreements with global customers for over than...If you want to get a full essay, order it on our website: Ordercustompaper.com

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