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Minnesota State University Mankato Religion and Art Questions

Minnesota State University Mankato Religion and Art Questions.

Review the content below and then answer these two short essay questions, taking into consideration the historical significance between art and religion.
1) Why are we talking about religious art, and why is it important to understand the relationship between art and religion?
2) Do all the major world religions celebrate art, and how is it incorporated into forms of worship?
Beginners Guide:

The five major world religions

A brief history of religion in art


Christianity, an introduction

A new pictorial language: the image in Early Medieval art

The life of Christ in medieval and Renaissance art

The lives of Christ and the Virgin in Byzantine art

Who’s who? How to recognize saints…

Architecture and liturgy

The Audacity of Christian Art: Movie Serie

The problem with Christ

Christ is not like a snail: Signs and symbols

Putting God in his place: here, everywhere, and nowhere

Time and eternity: Yesterday, today, and always

This world and the next: Christ on earth; Christ in heaven

So near and yet so far: visions and thresholds

Unspeakable images: when words fail

Introduction to Islam:

Introduction to Islam

The Qur’an

The Five Pillars of Islam

Islamic pilgrimages and sacred spaces


The Kaaba

Stories of the modern pilgrimage

The complex geometry of Islamic design

Introduction to mosque architecture


Hinduism and Buddhism, an introduction

Discovering Sacred Texts: Hinduism

Sacred texts in Hinduism

Hindu deities

Beliefs made visible: Hindu art in South Asia

Hindu temples

Varanasi: sacred city


Introduction to Buddhism

The historical Buddha

The Buddha and Buddhist sacred texts

The stupa

Images of Enlightenment: Aniconic vs. Iconic Depictions of the Buddha in India

Four Buddhas at the American Museum of Natural History

Buddhist meditation and chant

Bodh Gaya: center of the Buddhist world

Bodh Gaya: The Site of the Buddha’s Enlightenment

Beliefs made visible: Buddhist art in South Asia

Bodhisattvas, an introduction

Buddhist Monasteries


Judaism, an introduction

Jewish history to the middle ages

Minnesota State University Mankato Religion and Art Questions

Pest analysis of Dell Inc in the USA. 1.0 Introduction Dell Inc is a US-based company that is engaged in designing, developing, manufacturing, marketing, and supporting information technology systems. The company offered product portfolio includes laptops, desktops, workstations, storage devices and printers, among several others. Geographically, the company has its operations in the Americas, Europe, the Middle East and Africa, and Asia Pacific-Japan. The company is headquartered at Texas, the United States(Liebert,2009). Dell delivers innovative technology and services where placed at number 34 on the fortune 500 list. Dell’s climb to market leadership is the result of its sharp focus on delivering the best possible customer experience by directly selling, standards-based computing products and services. Dell’s concept reads that by selling computer systems directly to customers, it understands their needs and efficiently provides the most effective computing solutions to meet those needs (Shine,2008). revenues of (U.S. Dollars) USD 61101.0 million during the fiscal year ended 2009, a decrease of 0.1% from 2008. The operating profit of the company was USD 3190.0 million during the fiscal year 2009, a decrease of 7.3% from 2008. The net profit of the company was USD 2478.0 million during the fiscal year 2009, a decrease of 15.9% from 2008. 2.1 PEST-analysis In the following, the analysis of the political, economic, social and technological factors leads to a description of the macro environment of the Dell computer industry. a) Political Political factors include government regulations and legal issues determining the conditions under which companies have to operate. Dell Inc has to face certain restraints,while do business.For example,corporate tax rate estimated by the country’s Industrial Development Agency at 39.5 per cent in the US. The US government have restrictive their policies which are maintained to protect domestic industries and production. Such policies often hinder foreign companies from entering into their markets..(Scribd,2009) Research founds that, U.S. Congress to place Waste from Electrical and Electronic Equipment (WEEE) laws on the export of nonfunctional electronic products to developing countries that lack sufficient recycling and disposal infrastructure.In May 2009, Dell became the first major computer manufacturer to ban the export of certain electronic waste (ewaste) based on its material or chemical composition, to developing countries as part of global policy on responsible electronics disposal.As such, Dell has been an advocate for producer-responsibility legislation where the government is ready for such an approach and is prepared to support local communities, businesses and consumers work to develop a culture and practice of responsible recycling.(Dell,2010) The WEEE Directive aims to reduce waste from electrical and electronic equipment and to improve the environmental performance of everything involved in the life cycle of the equipment. b) Economic The economic environment refers to the nature and direction of the economy in which a firm competes or may compete.(Scribd,2009) Dell was the one of the three biggest PC firm after Hewlett-Packard and IBM.(Oreskovic,2010)The computer industry expects a growth of approximately ten percent over the next few years. This growth is influenced by the economic situation in a specific country, having an impact on the purchasing power of potential customers. The GDP growth rate of counties also impacts the sale of computers. Spending on computer hardware is expected to grow to $2.5 trillion in 2010.Real GDP (Gross Domestic Product) growth, rising consumer confidence and currency exchange rates all provide insight into the health of the computer hardware industry. Price is an important factor and hence inflation or fluctuating currency rates in a country might adversely affect the industry and margins. (Mehra,2008) The company reported revenue in 2010 rose 22% to $15.5 billion, versus Wall Street’s estimate of $15.2 billion,and doing really well in the production and selling of personal computers. (Dell, 2010) One of the reason that Dell’s economic growth is the best known and renowned computer brands. Dell reported net income in its fiscal second quarter ended July 2010 was up to $545 million, from $472 million in the year-ago period.(Oreskovic,2010). 2.3 Social The socio-cultural segment is concerned with a society attitudes and cultural values. .(Scribd,2009) United State demand for computers is dependent on the educational level in a country. In the past the demand for laptop computers comprised only of businesspeople. Now, college students’ demand represents a considerable percentage of the total demand for laptop computers. Also children are getting familiar with the use of computers at a very young age. (Mehra,2008) To fullfil younger consumers, Dell likes to come out with a brand new laptop that better artwork as its cover which will attract the younger market. (Scribd,2009) are spending more time working away from the office. These executives are managing entire departments from home offices in a sign that telecommuting is going increasingly more main stream. Also laptops are getting more and more involved in daily life with increasing complexity of work. For example, executives and managers are managing entire departments of offices is going incresingly acceptance of IT, it has provided impetus to the industry. Besides,the brand image of a computer and lifestyle trends get more and more decisive for the purchasing decision. Dell adapts to this trend, example by offering a wider range of notebooks and by trying to create a strong brand name. (Mehra,2008) 2.4 Technological The technological segment includes the institutions and activities involved with creating new knowledge into products, processes and materials. .(Scribd,2009) in laptop industry as crucial low cost leadership can be achieved through technological advancements and it also provides easy differentiation to the company. The company’s application of the Internet to other parts of the business –including procurement, customer support and relationship management — is growing at a rate of 30 percent. The company’s Web site received at least 25 million visits at more than 50 country-specific sites. Dell has to always keep up with technological advancements to be able to compete.Dell maintains quality by choosing the best in class component manufacturers (IntelPest analysis of Dell Inc in the USA
Egyptian Art.

Choose a piece of Egyptian art. Utilize the vocabulary you learned in Modules One and Two to examine the work’s formal qualities. Once you have completed your examination, discuss the following: How would you explain the ancient Egyptian convention of portraying the human form? How does this differ from the depiction of the human form today?Subject is humanitiesChoose a piece of Egyptian art. Utilize the vocabulary you learned in Modules One and Two to examine the work’s formal qualities. Once you have completed your examination, discuss the following: How would you explain the ancient Egyptian convention of portraying the human form? How does this differ from the depiction of the human form today?Subject is humanities
Egyptian Art

MGT 4460 ISU Strategic Management Text and Casess Question.

The course I am taking is MGT 4460 Strategic ManagementThe text book we are using is Dess, G., et al. 2020. Strategic Management Text and Cases. 10th edition, McGraw-Hill Irwin. * I have a Ebook if needed Develop essay format answers to three of the six exam questions.A good essay should be about two pages single-spaced with appropriate headings, bullet points, short paragraphs, and concise writing. As stated in the syllabus, grades will be 1/3 concept explanation and 2/3 concept application. Do not just explain a concept by regurgitating the book. Instead, briefly tell me the key points and then apply the concept to the given situation.The questions are in the word document
MGT 4460 ISU Strategic Management Text and Casess Question

FIN 100: Principles of Finance

FIN 100: Principles of Finance. I need help with a Economics question. All explanations and answers will be used to help me learn.

Week 2 Discusison

Go to Use the Learn More button and review the tight (contractionary) and easy (expansionary) tools of the Fed as well as the use of each. Briefly examine the Economic Dictionary and the Policy in Depth features. Now play the game! You are the Fed Chairperson! You begin with 16 quarters, 4 years, and then your job is up for review. You begin with rates at 4.5, inflation at 2.14% and unemployment at 4.75%.

Make decisions on interest rates for the 16 quarters. Summarize the changes you chose and explain your results. Do you still have a job? Why or why not?

For guidance with this discussion, check out the video below:

Click here to watch the video

FIN 100: Principles of Finance

Cuyamaca College Implications for The Study of Legislative Politics Annotate Article

write my term paper Cuyamaca College Implications for The Study of Legislative Politics Annotate Article.

Use this article identify these 12 parts:The Title of an article appears on the first page of the article. The Title is brief, typically no more than 5-10 words, and identifies for the reader the subject of the article.The Main Point of an article is typically found in the Abstract. An Abstract is a summary of the article which is located on the first page, after the Title. The main point may be in the Introduction of the article.The Question of an article is typically found in the Abstract. The question may be in the Introduction of the article as well.The Puzzle is a missing piece of knowledge that the article seeks to fulfill.The Debate is how scholars currently argue the subject of the article. Debates have at least two sides, and the two sides we are most familiar with are “pro” and “con”. However, debates can be more complex.The Theory is how the author thinks something works. For example, we may have a theory about how campaigns influence voters. Theories consists of constants, variables, and the relationships between variables.The Hypotheses are derived from the Theory. A hypothesis is the expectation that one variable affects another variable in a specific way.The Research Design is how the author compares the effect of the explanatory variable (X) on the outcome variable (O) in a group (G) or set of groups.The Empirical Analysis is the use of quantitative or qualitative evidence to explore whether the hypothesized relationship between two variables does indeed occur in the world.The Policy Implications are how the findings of the article should influence the behavior of individuals, groups, organizations, or governments.The Contribution to the Discipline is how the article helps fill the missing Puzzle pieceFuture Research offers suggestions for future research that build on the findings from the article.Highlight all these parts and place a number by each thing you highlighted.For part 8 you must write out a pargraph consisting of:Of the 12 parts, only one of them needs to be written out: Research Design. The Research Design is how the author compares the effect of the explanatory variable (X) on the outcome variable (O) in a group (G) or set of groups.
Cuyamaca College Implications for The Study of Legislative Politics Annotate Article

Assignment #2: The Outline (Italian Wolf)

This assignment will be submitted to Turnitin®. Before You Start: To prepare for this assignment, I recommend that you do the following: Read these directions carefully Review the sample Outline provided to you HERE. Read the SCIN130 Outline Grading Criteria.pdf. The grading criteria is a detailed evaluation that I will use to assess your performance. It also will help you understand what is expected of you as you prepare your assignment. Use your own words (paraphrase). Note that your Turnitin report similarity score should be under 20% (not including references) and free of paraphrasing issues. Review the color-flagged text on your report, fix any issues, and resubmit again before the deadline (this assignment is set to unlimited submissions until the deadline). Note that less than 10% of your work should contain direct quotes. The Outline Format: Your outline must be formatted as described and exemplified in the example linked above. Please note that this format will be assessed in your grade: Use an alphanumeric sequence Sections should be indented and aligned Follow the suggested order of the required topics/subtopics Use brief but detailed and descriptive phrases (e.g., Mate in April or May, viviparous, polygynandrous). Assignment Instructions: To help you complete Assignment 3: Final Presentation, you will first submit an outline to organize your thoughts and main points. Your outline should be formatted in the specified way and must contain the following elements as described below. ANIMALS: The Introduction Section A. Organism Introduction – The common and scientific name of your organism. Please see this link to help with scientific names if needed: How to Write Scientific Names of Organisms – Where you observed your organism (country, state, park, zoo, etc.) – A brief discussion on why you chose your organism – A picture (and remember to cite your source for the image) in a typical habitat. The Body A. Physical Description 1. You must include a brief physical description. – size, coloring, etc. (e.g., Differences between male and female, juvenile and adult.) B Life Cycle and Reproduction 1. Life Cycle: describe the life cycle of your organism. The life cycle refers to the series of changes that happen from the beginning of life as your organism develops and grows into a mature organism. Please see here for some hints on the Life Cycle. If you have any questions, please feel free to ask! 2. Reproduction: You must discuss the reproductive strategies of your organism (e.g. release of gametes by a fish or hermaphroditic reproduction in earthworms), mate choice, mating displays, mate competition, and mating systems. C. Structure and Function D. Energy Ecology 1. What are the food sources? Types? Amounts? Temporal pattern of feeding? Specific handling or processing of food items by the organism (e.g. the way a squirrel manipulates an acorn) E. Habitat Where your organism lives. This does not refer to a city or state, but rather the natural environment in which your organism lives. You should consider abiotic factors, such as soil, water, etc., as well as biotic factors, such as predators, hosts, etc. The Conclusion Section A. This section should contain four to six points that sum up the main points from the body of the outline. B. Start your conclusive section with one sentence summarizing some basic information about your chosen organism (name and geographical distribution). C. Continue with a brief summary (1-2 sentences) about the life cycle and any particular body structures. D. Include a brief summary (1-2 sentences) about the ecological role of your chosen organism in its ecosystem. E. Wrap up the conclusive section with a closing note that provides brief information about a unique fact and/or behavior of your chosen organism. Reference Lists and Internal Citations – must contain the following: – Internal Citations – These are not listed on a separate page, but rather are placed throughout the outline via in-text citations anytime you paraphrase, use direct quotes, or want to use visual/audio components from other sources. Therefore, all source material should be cited. – Reference Slides – – Include a final “References” list of a minimum of five (and no more than 10) academically and scientifically credible sources used for facts shared in your outline. – Include a final “Media References” list of all images, videos, graphs, audio elements, etc., you want to use within your outline. – All references listed on the reference lists should be cited internally within the outline, and vice versa. NOTE: Work that is improperly cited and referenced or lacking either proper citations or references may not be accepted for credit. Attached is OUTLINE GRADING CRITERIA, Sample of outline AND MY ANNOTATED BIBLIOGRAPHY of Italian Wolf from last week. Please use it as your reference. Thank you

Strategic Development Study of Caterpillar Inc

INTRODUCTION This report presents the Strategic Development Study of Caterpillar Inc. Caterpillar Inc. founded on 15th April, 1925 in California, United Stated. Caterpillar is involved in designing, manufacturing, marketing and selling heavy equipments, machinery and engines and it is also involved in selling financial services to the customers all over the world. Caterpillar is the world’s largest manufacturer of manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The organization is serving worldwide and is providing employment to around 104,490 employees. Its products includes Bulldozer, Excavator, Wheel Loader, Haul Truck, Diesel Engine etc. and its services includes Financing, Insurance, Maintenance and Training. The developmental strategies used in the past, present strategies and the strategic planning for the future development of the Caterpillar, are discussed further in this report. Strategic Planning is about the finding the best solution for future problems to be faced by the organizations that not only solves the problems but should also proves to be beneficial to the organization. Caterpillar value statement is “We have the people, processes, tools and investments to deliver the quality, reliability and durability customers expect from Caterpillar in each new product introduction.” This strategic planning report focuses on three major tasks: Describe the strategies deployed by the organization in the past and their resulting outcomes i.e. the strategic development history of the company. Undertake the evaluation and appraisal of the company’s current strategic situation with reference to the company’s strategic macro industry and competitive environment and company’s endowment of its resources and capabilities. Explore, evaluate and access the strategic choices available and recommend the best strategic plan available for the organization. STRATEGIC DEVELOPMENT HISTORY OF CATERPILLAR It has been more than 85 years that Caterpillar is serving its customers and hence ranked world’s number one in its own industry. The company has been developing every year and has maintained its position into the market. In 1980s, Caterpillar came very close to bankruptcy but still it manages to come back as a high tech globally competitive growth company. The company has now proved itself as the world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. Company’s Establishment In April 1925, the financially strong C. L. Best merged with the market leader Holt Caterpillar to form Caterpillar Tractor Co. Caterpillar is involved in manufacturing of heavy equipments used in construction and mining that are recognizable with “CAT” logo. Because of the intensive competition over the market share, in 1963, Caterpillar forms the joint venture with Mitsubishi Heavy Industries Ltd. which is ranked 2nd in Japan for manufacturing construction and mining equipments. Caterpillar agreement with Shanghai Diesel in China was helpful in improving the market share of Caterpillar as it was a technology sharing alliance. Come back of Caterpillar from Recession In the year 1981, Caterpillar faced huge economy downtown and was very close to bankruptcy. For 3 consecutive years, the recession costs around $1 million a day to the company which further forces the company to reduce the employment. There were three reasons for this crisis i.e. global recession, strikes and unfavorable currency exchange rates. Company faced many competitors that time including Komatsu Ltd. as the prime competitor. To overcome this recession, the company CEO’s introduced various strategic measures like cutting costs, employee reduction, out sourcing of machinery, parts and their components, introduction of modernization, diversification of product line and reorganization of company’s structure. These measures were very important that time to save the organization to become bankrupt. Later on the organization worked really well and managed to generate the highest revenues. George Schaefer’s encouraged the executives to respond to recession. Caterpillar outsources 80% of its parts and components and further they used their brand names for selling the outsourced products keeping the quality control of the products. They doubled their product line in just 4 years from 150 to 300 equipments with an introduction of small and light weighted products along with the customer diversification as well. Caterpillar also focused on repairing its relationship with the labour as they experienced many strikes because of the cost cutting the company successfully achieved the target of an healthy employee and employer relationship. Also employee involvement program was launched by Schaefer in 1986 that involves employee satisfaction, quality improvement and increasing efficiency level. This program was termed as Employee satisfaction Progress i.e. EPS. EPS helps in reducing the rate of absenteeism, decline in labour grievances, saving in costs of upto $10 million and increases employee’s loyalty. “Plant with the future” (PWTF) is launched as a modernization program. Shift from batch production to flexible work cells proved to be good for the organization. The technological improvements and PWTF program resulted in high quality of products, increased efficiency level and high productivity. As a result of all these efforts put by the organization, the Caterpillars 30 worldwide plants managed to cut the inventory level by 50% and manufacturing space by 21% in just 3 years. Also Caterpillar’s world market share goes up to 50% and its revenues increased by 66% from the year 1985 to 1990. Caterpillar beat the Komatsu by having total sales of over $11 billion in the year 1989, which were nearly twice the sales of Komatsu. The company takes the advantage of the growth in global demand for heavy construction industry at a steady rate of 4.5% in the 1990s and was successful in making its way towards the top most position. Schaefer proves to be the best manager of any manufacturing company of heavy construction equipments. After five year tenure of Schaefer as CEO, Donald Fites becomes the next CEO of Caterpillar Inc. Donald brought leadership style to the organization. He further focuses on reorganization plan that involves the customer needs on priority basis. Research and Development In 1904, Benjamin Holt solved the problem of driving tractors smoothly in moist soil faced by farmers in California by manufacturing a tractor with gasoline engine instead of steam engines that are much lighter in weight and that tractor was nicknamed as “Caterpillar”. By 1915, the Holt tractors were sold in around 20 countries. Further they formed a company named Caterpillar by merging with best company in tractors. Caterpillar was the first company that introduces diesel engines on a moving vehicle. In 1931, the company created separate engine sales group for the marketing of diesel engines to other equipment manufacturers and they further replaced it with sales and marketing division for serving better range of customers. The company was highly involved in manufacturing replacement parts as well because it generates over a quarter of the total revenue because of two main reasons i.e. sale of replacement parts is more profitable than the whole machines and the replacement parts market was less cyclical than that of original equipment. After World War 2, the demand for Caterpillar products increased to reconstruct the disaster happened in Europe because of the 2nd world war. Finally in 1960s, Caterpillar becomes the leader of the heavy construction equipment industry. Further in 1965, Caterpillar expanded its operations to Britain, Canada, France, Brazil, Australia, India and Japan. In 1983, the company starts providing financial services as well. There has been huge diversification in the product line to overcome the recession in the year 1985 to more than 300 products. As the company was developing and diversifying in its operations, it changes its name to Caterpillar Inc. In 2001, Caterpillar was the first company that launches 6 Sigma that helps the organization in improving its quality to the best level. Caterpillar starts sustainable development in the year 2005 as it responded to the Asian tsunami disaster and earthquakes in South Asia. CURRENT STRATEGIES OF CATERPILLAR Caterpillar Inc. is the world’s number one manufacturer of construction and mining equipments, diesel and gas engines and natural gas turbines. The organization is developing day by day and continuously expanding their business. Its market is not only limited to Europe but Caterpillar is selling its products all over the world like China, India, America, Russia etc. Caterpillar serves its customers with the highest quality product at a very reasonable price and also involved in good customer relations. Caterpillar is manufacturing its products at 110 plants worldwide and is selling its products in nearly 200 countries. Caterpillar made its sales through independent dealers that contribute around 66% of the total sales. Caterpillar uses many business strategies for its development and to compete effectively with its competitors. For the evaluation and appraisal of company’s current strategies, various strategic tools are used like PESTEL Analysis for analyzing the macro environment, SWOT Analysis for analyzing the capabilities efficiency of resources as well and Porter’s Five Force Analysis is used to analyze the market, customers, competitors, suppliers etc. PESTEL Analysis For evaluating and analyzing the macro environment of the organization, the PESTEL Analysis tool is used. There are various macro environmental factors that affect the workings of an organization like Political factors, Economical factors, Social factors, Technological factors, Environmental factors and Legal factors. Let us now discuss in detail that how these factors affect the working of Caterpillar Inc. Political Factors – Political factors are one of the main factors that affect the operations of the organization. Every country has its own governments with different laws and legislations, rules and regulations, import and export policies etc. As Caterpillar is operating and serving the customers worldwide, it should be aware of the political factors. Economical Factors – The economic factors includes the recession, inflation, growth in GDP, growth in population etc. In 1980s, the recession hits Caterpillar badly as it was very close to bankruptcy but somehow it manages to overcome that economic downtown. The rise in the prices of raw material, diesel, petrol, import and export costs etc. is big problems for the organizations. A rise in raw material prices increases the manufacturing costs in Caterpillar and to maintain a balance, the organization has to increase its prices. Social Factors – Caterpillar is operating in many diversified countries. Hence it becomes essential to consider the social factors while framing the business strategies. Each and every country has different societies with different values, culture, religions, attitudes etc. the company has to maintain a balance to avoid any kind of discrimination into the organization. Technological Factors – A manufacturing organization like Caterpillar needs ongoing technological advancements. It should be updated with all the latest technologies to compete in a better way and maintain its position into the market. Caterpillar is always using the best technologies for manufacturing its construction equipments. Moreover it has invented many new products with the best quality and price range among the whole market. Environmental factors – The Caterpillar has moved towards the sustainable development i.e. they are focusing on new technologies and innovations to increase the efficiency and productivity of the organization by not impacting the environment and also providing guidelines to the customers for doing the same. Their mission is “to enable economic growth through infrastructure and energy development, and to provide solutions that protect people and preserve the planet”. Legal Factors – The various laws and legislations of the country in which the company is operating cannot be ignored. The laws related to import and export, employment laws, labour laws, should be taken care of. A lawful and legal organization can effectively survives in long run. SWOT Analysis The SWOT Analysis shows the Strengths, Weaknesses, Opportunities and Threats available with the organization and provides an opportunity to the organization to use its Strengths and Opportunities for the betterment of the organization and keep the organization safe from its weaknesses and outside threats. Let us discuss the SWOT Analysis of Caterpillar. Strengths – The main strength of Caterpillar is that it is a global leader in its own industry as it is world’s largest manufacturer the construction and mining equipment, diesel and gas engines and natural gas turbines. It is ranked as number 44 among all the organization in 2009 by Fortune 500. It has the highest revenue generation and highest share value in the market as well. It has a strong financial condition as it can grab the worldwide opportunities available. Caterpillar has 110 plants worldwide and is serving around 200 countries which show its huge customer diversification. It has a strong dealer’s worldwide network which contains over 200 full line dealers that helps the organization in capturing about 60% of the market. Weaknesses – In recent years the company has faced many downtowns. The sales volume of the company is decreasing since 2003 which results in less revenue. Also the long term debts of the company have been increasing. The company does most of its sales through its independent dealers. Dealers show a very less confidence towards the Caterpillar’s new forecasting system. Opportunities – Caterpillar has good opportunities of growth in developing countries like India and China. These countries demand lot of construction equipments and engines as well. Again the growth in the population demands more construction. Entering into joint ventures and acquisitions provides good opportunities for the company’s development. In 2004, the company formed Caterpillar Power Generation Systems in association with Solar Turbines Incorporates to market the products of both the companies which further reduces the manufacturing costs of the firm and makes the organization more competitive. Threats – The outside threats cannot be ignored as they affect the organization adversely. The recent threats faced by Caterpillar include the rise in the prices of raw material especially metal prices. This increases the manufacturing cost and further decrease the organization’s profits. The demand of the mining equipments depends on the population growth and Gross Domestic Product growth which is very uncertain. The deal between Caterpillar and United Auto Workers finishes in 2004 which enable strikes and disruptions in work. Hence such contract expuration are great threat to the organizations. Porter’s Five Forces Porter’s Five Forces is a business strategy that is formed by Michael E. Porter. He points out the five forces available in the macro environment that affects the abilities and capabilities of an organization. These five forces are threat of new entrants, intensity of competitive rivalry, threat of substitutes, bargaining power of customers and finally bargaining power of suppliers. This helps an organization to be aware of the outside environment and make their business strategies accordingly. The further discussion on Caterpillar’s Porter’s Five Forces is as follows: Threat of New Entrants – The threat of the new entrants in very low for Caterpillar. Caterpillar is into manufacturing the construction equipments which requires a huge capital and resources. It is difficult for any new entrant to invest that much into this industry when it knows that there are already highly competitive firms available. Caterpillar should compete continuously with its competitors to maintain its position into the market. Intensity of Competitive Rivalry – Caterpillar faces a high competition into the market and the other competitors can overcome Caterpillar anytime if they lose focus or using bad business strategy. Caterpillar has around 50 competitors worldwide that controls around 80% of the market. Threat of Substitutes – There is nearly no threat of substitutes for Caterpillar as it is involved into the manufacturing of such unique construction and mining equipments. Bargaining Power of Customers – The customers have a moderate bargaining power as most of the sales are done through independent dealers and pricing is done according to the markets. Bargaining Power of Suppliers – Again the suppliers also have a moderate bargaining power. For manufacturing construction equipments, there is a need of steel or other heavy raw materials which are difficult to transport and also costs very high. Hence an increase in the prices of raw material is a big issue for the organization. FUTURE STRATEGIC PLANNING OF CATERPILLAR Caterpillar has set various targets for future and is seriously involved into the achievement of those targets. The organization has set its strategy as Vision 2020. This strategy sets the stage for the next phase of the company’s leadership and growth in the global industries it serves. The visions and missions set by Caterpillar are very practical and will provide further development to the organization. In the past 80 years, Caterpillar has proved itself to be a well established business with effective management and business strategies that helps the organization to maintain its profits and position into the market even at the time of recession. The organization knows the ways of beating the recession and wins back its position into the market. Caterpillar’s future strategic visions are like becoming a recognized leader in its own industry everywhere, the products, services and solutions provided will helps the customers to succeed, making use of the organization’s distributions system as their competitive advantage, maintaining good labour relations and acquiring highly talented people. The organization has set various targets for its next five years i.e. providing the best return to its shareholders, hiring and maintaining the best talented people into the organization and becoming a global leader everywhere they do business. These targets are already achieved by Caterpillar to great extent. The 100% achievement of these targets needs more efforts. Caterpillar is now focusing towards more sustainable development i.e. making the efficient and effective use of the resources available without impacting the environment and also works for the society as a whole. Caterpillar has named as one of the top 10 industrial supply chains in 2010 on Gartner’s Inc. top 10 list. Also the Caterpillar’s Chairman and CEO, Doug Oberhelman named into the top 50 people in business according to Fortune’s 2010. Hence Caterpillar is actively involved in the development of its business and competing at its best into the environment. Future Recommendations Caterpillar should be opening new markets all over the world as an expansion of its business mostly into the developing countries as around 80% of the population lives there and they demand for such construction equipments on high basis. Also the diversification into the product line and customers is important for further growth. Lack of diversification reduces the sale which has already suffered by the organization. The diversification of the products done by the organization in the past proved to be very profitable. Marketing has become an essential part of any organization. Successful marketing plays an important role in gaining competitive advantage. A wide spread distribution service network is important is essential in competing with heavy construction equipment industry. Joint ventures are important to expand the new markets and diversify into new products. This is important for the growth and development of the organization and to cover a large number of customers. Recently the global economy downturn decreases 25% of the Caterpillar sales. The ability to rebound the economy plays a significant role in the profitability maintenance of the organization. The other critical issues for the organization like changes in the prices of raw material, changes in the government monetary and fiscal policies, the credit risk involves into the financial services provided by Caterpillar etc. should be given special attention as their affect on the organization can proven to be the worst. Continuous growth and development initiatives are important for the maintenance of the topmost position into the market. Like entering into the new markets, diversification of products and services, customer diversification, sustainable development, new distribution channels etc. The full usage of its Strengths like company’s strong reputation, dominating among the industry, good financial condition for upto date technology and beating any competition and diversified business competencies, will provide a competitive advantage to the organization.