Review the following terms and concepts discussed this week to prepare for this assignment: organizational structure organizational culture inertia Holacracy PESTEL model Create a Word doc and title it Strategic Management Research Journal Part 3

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Review the following terms and concepts discussed this week to prepare for this assignment: organizational structure organizational culture inertia Holacracy PESTEL model Create a Word doc and title it Strategic Management Research Journal Part 3. Write a 525- to 700-word response to the following prompts in your journal entry: Assess whether Caterpillar Inc. is using the appropriate measures (i.e., metrics) to verify its strategic effectiveness. Summarize Caterpillar Inc.’s organizational structure. Identify the organizational structure (hierarchical, functional, horizontal, matrix, divisional, network, etc...) and explain why you chose that structure using details of the company’s reporting structure and other evidence. Determine whether Caterpillar Inc.’s organizational structure is considered a traditional organizational structure or a Holacracy. Use evidence to support your choice. Justify why it’s important for Caterpillar Inc.’s leadership team to study and understand the company’s internal and external environments. Evaluate Caterpillar Inc.’s competitive position and show, using specific examples, how the company has responded to shifts in the external and internal environments. Recommend strategies in operational changes to support Caterpillar’s strategic plan, future business decisions, and improvement in business performance. Explain how your recommended changes will help improve Caterpillar's performance.