Strategic Management

STRATEGIC MANAGEMENT2006PART AIntroductionTechnology is a central part of our culture . Since the broad time of industrial revolution , applied science has been recognise as a tool that has the power to develop societies . Furthermore , it is too recognized as a tool that defines the future of the societies . Since and so , technology has become the symbol of progress and development in about fields of human endeavors . Companies who specialize in producing scientific instruments atomic number 18 making millions of dollars by providing masses 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 numb er 53 might hand . It is place as the speedy developing and likewise the fastest ever-changing business in the worldTechnology can also gives acquit to immense contr everywheresy . Without adequate control mechanisms or considerable unplayful restrictions , technology could backfire on humans and create retirement . Disasters such as Chernobyl and chemical poisoning in India are examples of inadequate control over technology in its utilisation . While the Restoration of Meiji (using the firsts Gatling Guns ever made ) and the Pearl have (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 integrity of the most successful global companies in the business of providing passing game on equipment to guests . quat is a begetr of bulldozers , tractors and other obtuse equipment that has been cognize worldwide Corporate Backgro und : Caterpillar IncBenjamin Holt and Danie! l outstrip create the caller-up in 1925 . Since 1890 these two inventors experimented with various forms of steamer 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 huge ecological niche forced the come with to perform gigantic cutbacks and layoffs on business . It wasn t until the 1985 that the friendship managed to get back on their feet and meet customer demands again (`Caterpillar-History , 2006Today , with more than 80 age of experience , the company is leadership the indu stry of mining and wrench equipment manufacturers with the 2005 sales and receipts of 36 .34 billion , 20 higher(prenominal) from the previous yearBesides marketing advanced designed machinery , the company also offers various pay alternatives for customers along with the provision of insurance work and lease agreements in to boost Caterpillar sales . The company has also secured its situation as a global principal by having a half of corporate sales to customers exterior the United States (`Caterpillar Inc-Pro , 2006 III .Customers Needs of Mining and reflection 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 sound essay, order it on our website: OrderEssay.net

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