Caterpillar and Komatsu: A Mission Statement Evaluation MGT 448: Global Business Strategies This paper is an evaluation and comparison of two mission statements of companies in the same industry

Caterpillar and Komatsu: A Mission Statement Evaluation Caterpillar and Komatsu are two of the largest heavy equipment manufacturers in the world with total revenue of over $29.1 billion dollars for fiscal year 2001 between the two companies. Caterpillar was established in 1925 after Benjamin Holt and Daniel Best merged their two companies, both of which had been in business for over 35 years each. Komatsu was founded in 1921 when Komatsu Iron Works was spun off as an independent corporation …

…quality and reliability. According to Komatsu, "all employees place the highest priority for assurance of safety when engaging in development, production, procurement, sales, service and all other stages." (Komatsu) References Caterpillar Company Information. Mission. Caterpillar. Retrieved on June 20, 2002 from the World Wide Web: http://www.cat.com/about_cat/company_information/03_mission/mission.html Komatsu Code of Business Conduct. Komatsu, Inc. Retrieved June 20, 2002 from the World Wide Web: http://www.komatsu.com/profile/index.html