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Essay / Research Paper Abstract
This 4 page paper is a compare and contrast essay about these two companies. A short history of each is provided, along with their products and services, revenues, and the challenges they are now facing. Bibliography lists 15 sources.
Page Count:
4 pages (~225 words per page)
File: MM12_PGdrcat9.rtf
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Unformatted sample text from the term paper:
in the Midwest (Deere & Company, History, 2009). In 1838, John Deere, who was a blacksmith, became a manufacturer building 10 plows he sold in 1838 (Deere & Company, History,
2009). In 1843, John Deere and Leonard Andrew became partners in "the art and trade of blacksmithing, plow-making and all things thereto..." (Deere & Company, History, 2009). As business increased,
they took on other partners and formed John Deere & Company (Deere & Company, History, 2009). In 1890, two separate individuals, Benjamin Hold and Daniel Best were each experimenting with
steam tractors, trying to create one that would work (Caterpillar, History, 2009). Holt was able to develop the first steam tractor in 1904 and the first gas tractor in 1906
(Caterpillar, History, 2009). In 1925, the two companies, Holt Manufacturing and C.L. Best Tractor, merged to form Caterpillar Tractor Company (Caterpillar, History, 2009). The newly formed company released the first
diesel tractor in 1931 (Caterpillar, History, 2009). Both companies are now huge conglomerates offering many different diverse products as well as varied services. Both also work in several different industries.
Caterpillar holds the #1 position in the world for earthmoving machines and it is also one of the leading suppliers in the Agriculture equipment industry (Cummings, 2009). Both companies
expanded across the United States and across the globe over the centuries and decades. Caterpillars last fiscal years (2007) sales were (mil) $44,958.0 (Cummings, 2009) and Deeres last fiscal year
(2008) reaped (mil) $23,437.6 (Dorsch, 2009). By volume sales, Caterpillar is significantly larger than Deere. Caterpillar makes more than 300 different machines, is a major producer of medium-speed engines
and high-speed diesel engines, and numerous work tools (Caterpillar, Products, 2009). In fact, they will build all of these products to meet the needs of their contract customers. Deere writes
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