Company Overview : Caterpillar Company

1664 Words Nov 25th, 2015 7 Pages
Company Overview
For more than 85 years, Caterpillar has been a Global force in the construction manufacturing industry, with operations on every continent in the world. The company prides itself on making sustainable progress possible while driving positive change. Caterpillar, with revenue in excess of 55 billion dollars in 2014, is the world’s leading manufacturer of construction and mining equipment, as well as diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company operates primarily through three product segments: construction industries, resource industries, and energy and transportation. Along with these three primary product segments, is their financial products segment in which they provide financing and related services.
After review of the company’s strategy, it is evident they are happy with where they are in regards to their position in the industry they are in, but are not content: their vision for the future is primarily focused on being a complete worldwide leader in which their company is seen as a leader wherever they do business. They are extremely focused on becoming elite in every aspect of their business, as well as providing as much return to their shareholders as possible. Most notably, the strategic goals for the company are summed into three areas: superior results in which their shareholder return ranks in the top 25 percent of the S&P 500, safe and “inclusive” work environment, and becoming a company…
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