In short, the Caterpillar organizational structure was leading the company into a less competitive position from both an operating costs and time-to-market standpoint. This immediately affected the financial performance of the company, making it less profitable. The structure of organizations often follows a highly functional path, where manufacturing is centralized and each supporting functional area is integrated at the process level to production centers. For Caterpillar, their market had grown too diverse for a centralized manufacturing-based strategy to deal with. What Caterpillar decided to do was completely redefine its organizational structure with the concepts of lean manufacturing, time-to-market and demand-driven supply chains as the cornerstone of the new organization (Kee, 2003). Chairman and CEO Fites chose to define a more market-driven structure for the organization, while also infusing each division with profit & loss responsibility...
Supporting the 14 product divisions are 4 centralized support divisions. This new approach, according to the text, reduced product development time 50% and increased productivity 30%. The infusion of responsibility for profit & loss performance by division, and the development of the cross-functional model for providing support to each of the 14 product divisions were highly effective in keeping Caterpillar competitive in the global markets they served.
85). Newly independent countries joined in the shipping industry as a way of demonstrating their economic independence, leading to an increase in the number of open registers as owners in the traditional maritime countries could now register in countries with less demanding tax laws and lower costs for workers. Shipbuilding, which had long been dominated by Europe and North America, moved instead to East Asia. Other changes also took place
Related to this concept of "myth" is the concept of "vision." A vision can transform an organization's ideology or sense of purpose into a road map for the future (Bolman, 2008,p. 255). Vision can translate into principles being integrated into the very fabric of the organization. Vision can foster the development of an organization's culture that predicates itself on hard work and determination; determination to attain specific benchmarks, this determination
In summary, we recommend that the IESBA reconsiders the proposals in the Exposure Draft and provides more guidance on safeguards applicable to sole practitioners and small accounting firms to ensure that the benefits of the changes outweigh the costs to SMEs. Under a principle-based approach, there should be safeguards and practical relief for all practitioners rather than rules-based outright prohibitions. The rewrite of this Independence component of the Code
Wireless Broadband Technology Overview of Wireless technology Presently it is quite evident to come across functioning of a sort of wireless technology in the form of mobile phone, a Palm pilot, a smart phone etc. With the inception of fast connectivity in the sphere of commerce it is customary and useful to operate from central locations communicating with the remote branches, conducting conferences in remote places, discussing with every body at every
The main focus of the 1980s regarding brands focused on a trend in takeovers, enabling successful brands to become extremely valuable on the open market. Even very early on, a value associated with a brand large was viewed in part as more important than the product itself. Early research indicates that many thought the only way to have a successful brand was to buy one. Many felt that the
Supply Chain Management Hypothesis defined Concepts of SCM and the evolution to its present day form Critical factors that affect SCM Trust Information sharing and Knowledge management Culture and Belief -- impact on SCM Global environment and Supply Chain management "Social" and "soft" parameter required for SCM Uncertainties This chapter aims to give an outline and scope of the study that will be undertaken in this work. The study lays out the issues faced by manufacturing organizations when it comes
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