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. (Be sure to download and follow the template that I provided for you in your welcome message. Use a Title page and a References page with at least three references. No running head is required, but do use headings to separate portions of your paper, and remember to cite your sources in the main body of your paper). Please no abbreviated bullet or numbered lists, express yourself in full paragraphs that are 3-5 sentences in length.

Write a 525- to 700-word response to the following prompts in your journal entry:

1. Assess whether Caterpillar Inc. is using the appropriate measures to verify its strategic effectiveness.
2. Summarize Caterpillar Inc.’s organizational structure.
3. Determine whether Caterpillar Inc.’s organizational structure is considered a traditional organizational structure or a Holacracy (with citation/definition/applicability).
4. Justify why it’s important for Caterpillar Inc.’s leadership team to study and understand the company’s internal and external environments.
5. Evaluate Caterpillar Inc.’s competitive position and how they have responded to shifts in the external and internal environments.
6. Recommend strategies in operational changes to support Caterpillar’s strategic plan, future business decisions, and improvement in business performance.