Caterpillar and Komatsu: A Mission Statement Evaluation Essay

computed tomography and Komatsu ar two of the largest heavy equipment manufacturers in the arena with total revenue of everywhere $29.1 billion dollars for fiscal year 2001 between the two companies. Caterpillar was naturalised in 1925 after Benjamin Holt and Daniel Best merged their two companies, twain(prenominal) of which had been in profession for over 35 years each. Komatsu was founded in 1921 when Komatsu atomic number 26 Works was spun off as an independent corporation from Takeuchi Mining Industry, Ltd. some(prenominal) companies, Caterpillar and Komatsu, have since established themselves in the market as leadership of heavy equipment manufacturing.A review of the websites and missionary post accounts for each smart set speaks volumes intimately the company and their philosophy towards doing business. Each mission statement was evaluated for the following components as per the UniModule for the course Customers, Products or services, Markets, Technology, Concer n for survival, offset and proceedsability, Philosophy, Self-concept, Concern for public material body and Concern for employees. Addition entirelyy, each mission statement, as sanitary as the company web site and company reports, was reviewed to determine how the priorities of the stockholders were addressed.CaterpillarCaterpillar has both a resourcefulness and a mission to drive their company. The vision is essenti completelyy stated, Be the global leader in customer value (Caterpillar). This base statement drives the four different aspects of the mission and the company as a whole. The vision also shows a weapons-grade concern for survival and growth with a forward-looking vision to the future. In addition, a basic vision such as this also drives the philosophy of the company as they attain to be the outdo in their market.The first arm of the mission statement is as followsCaterpillar will be the leader in providing the best value in machines, engines and support s ervices for customers dedicated to building the worlds infrastructure and developing and transporting its resources. We provide the best value to customers. (italics as included in statement) (Caterpillar)As this part states, Caterpillar believes in bread and butter the customer through all aspects of its operations. This section also addresses Caterpillars philosophy in their products and services by providing the best value to their customers.The consequence section of the mission statement statesCaterpillar people will addition stockholder value by aggressively pursuing growth and profit opportunities that leverage our engineering, manufacturing, distribution, information management and financial services expertise. We grow profitably. (italics as included in statement) (Caterpillar)This section addresses Caterpillars concern for shareholder value by directly addressing their goals to increase value as variance of the statement, and not as an afterthought. The simple line, W e grow profitably shows a vigorous faith in their future as a company.The third section readCaterpillar will provide its worldwide workforce with an environment that stimulates diversity, innovation, teamwork, continuous learning and improvement and rewards individual performance. We develop and reward people. (italics as included in statement) (Caterpillar)A strong concern for the employees is shown in this section of the mission statement. According to the Caterpillar website, the company offers extensive training and employee development, as strong as a multitude of benefits for their employees.The final section of the mission statement is as followsCaterpillar is dedicated to improving the quality of manners while sustaining the quality of our earth. We encourage social responsibility. (italics as included in statement) (Caterpillar)Finally, Caterpillar addresses their concern for the public image of the company by addressing environmental and social issues in their mission statement. Caterpillar is involved in some(prenominal) environmental and social projects in the communities that they are a part of, whether in the United States or around the world.Overall, the vision and mission statement for Caterpillar is strong and clear, providing a valuable delegation for the company in all aspects of their operation.KomatsuKomatsu has established a basic mission statement as well as a Code of Worldwide Business Conduct (Code) tract that helps to guide the company in its global business dealings. This Code is updated yearly to reflect any new or changed information that may alter how the company performs on a global level. The mission statement, which is actually an disruption statement by the president of the company, Masahiro Sakane, reads as followsKomatsu is committed to Quality and dependability as the very cornerstones of its management to maximize its corporate value. Through business activities, we at Komatsu work to enhance the corporate value of Komatsu for shareholders and all some other stakeholders by promoting activities to become a Strong Company, while simultaneously observe the Rules of the Business Community (the Rules) and fulfilling the responsibility of corporate citizenship to become a nifty Company. In this manner, I believe that we can improve the Quality and dependability of management and employees. (Komatsu)By breaking down the opening statement, as well as the pertinent sections of the Code, we can evaluate the companys heart and soul for addressing the different requirements from the UniModule.A driving force behind the Code is the strong commitment to quality and reliability for their products. This is addressed in the management direction section of the code, which provides five guidelines for enhancing quality and reliability. The first guideline directly addresses the customers call for and concerns, as well as the product and/or services themselves, by constantly providing safe and innov ative products/service and systems from the viewpoint of our customers. (Komatsu)Additionally, product condom is mentioned as one of the main aspects for quality and reliability. According to Komatsu, all employees note the highest priority for assurance of safety when engaging in development, production, procurement, sales, service and all other stages. (Komatsu)ReferencesCaterpillar Company Information. Mission. Caterpillar. Retrieved on June 20, 2002 from the World Wide meshhttp//www.cat.com/about_cat/company_information/03_mission/mission.htmlKomatsu Code of Business Conduct. Komatsu, Inc. Retrieved June 20, 2002 from the World Wide Webhttp//www.komatsu.com/profile/index.html