Caterpillar Needed to Restructure Its Organization in Order to Reduce

question 24

Multiple Choice

Caterpillar needed to restructure its organization in order to reduce costs because of competition. Which structure did it use?

• A)Geographic
• B)Multidivisional matrix
• C)Matrix
• D)Product Team

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Definitions:

Integration of Interests

involves aligning the diverse goals, needs, or desires of different stakeholders to achieve a cohesive and cooperative outcome.

Socioeconomic Management

involves the integration of social and economic considerations into the planning, decision-making, and management processes of an organization to address broader societal challenges.

Quantitative Management

A management approach that focuses on using mathematical models, statistics, and numerical techniques to support decision-making processes.

Classical Management

A theory of management that emphasizes rationality, efficiency, and formal organizational structure over personal or informal practices.