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Question: We discussed how Caterpillar regained its competitive advantage from its global competitors such as Komatsu and Bobcat in the heavy equipment industry using its core-competencies. Explain its business-level strategy (e.g., repositioning, exploiting, reshaping). Be sure to specify its core-competency and explain its business-level strategy about how Caterpillar created values by utilizing the competency. Please be logical.

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