Caterpillar and Komatsu: A Mission Statement Evaluation Essay

khat and Komatsu are two of the largest concentrated equipment manufacturers in the world with total revenue of oer $29.1 billion dollars for fiscal year 2001 mingled with the two companies. khat was established in 1925 after Benjamin Holt and Daniel Best coordinated their two companies, both of which had been in agate line for over 35 years each. Komatsu was founded in 1921 when Komatsu Iron Works was spun off as an independent corporation from Takeuchi Mining Industry, Ltd. both companies, khat and Komatsu, have since established themselves in the market as drawing cards of heavy equipment manufacturing.A review of the netsites and electric charge teachings for each smart set speaks volumes about the party and their school of thought towards doing business. Each representation statement was evaluated for the succeeding(a) components as per the UniModule for the course Customers, Products or work, Markets, Technology, tinge for survival, contractth and profitabilit y, Philosophy, Self-concept, Concern for public orbit and Concern for employees. Additionally, each mission statement, as considerably as the company web site and company reports, was reviewed to determine how the priorities of the stockholders were turn to. big catcat has both a deal and a mission to drive their company. The muckle is laughingstockonicalally stated, Be the orbicular attractor in node rank ( hombre). This raw material statement drives the four different aspects of the mission and the company as a whole. The stack as well shows a surd business organization for survival and growth with a in advance(p) slew to the future. In addition, a basic vision such as this in like manner drives the philosophy of the company as they try to be the best in their market.The rootage piece of the mission statement is as followsCaterpillar will be the leader in providing the best value in machines,engines and support function for customers dedicated to make the worlds infrastructure and ontogenesis and transporting its resources. We provide the best value to customers. (italics as included in statement) (Caterpillar)As this prick states, Caterpillar believes in supporting the customer through all aspects of its operations. This role also addresses Caterpillars philosophy in their products and services by providing the best value to their customers.The second section of the mission statement statesCaterpillar people will make up shareholder value by sharp pursuing growth and profit opportunities that leverage our engineering, manufacturing, distribution, culture steering and financial services expertise. We grow profitably. (italics as included in statement) (Caterpillar)This section addresses Caterpillars mention for shareholder value by right away addressing their goals to increase value as break in of the statement, and not as an afterthought. The simple line, We grow profitably shows a besotted trustingness 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 avail and rewards individual performance. We develop and reward people. (italics as included in statement) (Caterpillar)A unanimous concern for the employees is shown in this section of the mission statement. According to the Caterpillar website, the company offers huge training and employee development, as well as a multitude of benefits for their employees.The final section of the mission statement is as followsCaterpillar is dedicated to improving the role of carriage while sustaining the quality of our earth. We encourage social business. (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 several environmental and social pro jects 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 direction for the company in all aspects of their operation.KomatsuKomatsu has established a basic mission statement as well as a codification of spherewide Business Conduct (Code) leaflet that helps to guide the company in its global business dealings. This Code is updated annually to recoil any new or changed information that may affect how the company performs on a global level. The mission statement, which is in truth an initiative statement by the chairman of the company, Masahiro Sakane, reads as followsKomatsu is committed to Quality and dependableness 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 other stakeholders by promoting act ivities to get down a Strong Company, while concurrently observing the Rules of the Business Community (the Rules) and fulfilling the responsibility of corporate citizenship to become a entire Company. In this manner, I believe that we can improve the Quality and Reliability of management and employees. (Komatsu)By breaking down the opening statement, as well as the apposite sections of the Code, we can evaluate the companys means for addressing the differentrequirements from the UniModule.A tearaway(a) 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 signposts for enhancing quality and reliability. The first guideline directly addresses the customers needs and concerns, as well as the product and/or services themselves, by constantly providing safe and modernistic products/service and systems from the viewpoint of our customers. (Komatsu)Additio nally, product gum elastic is mentioned as one of the main aspects for quality and reliability. According to Komatsu, all employees place the highest antecedency 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 unspecific Webhttp//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