Even though most academics,business people and consultants recognize that the purpose of strategy formulation can no … managerial approach to strategic thinking and strategy formulation which takes both process and content issues into account ….Strategic thinking is understood as a deliberate and creative process as well as the resulting state of mind.Strategy is presented as …

processes. The goal of any strategy is to achieve sustained superior performance, and this depends on the industry …. The conclusion is that although not all companies need to adopt an environmental strategy, they should all take the … environmental variable into account when formulating their business strategy. …

The notion of business model has been used by strategy scholars to refer to "the logic of the firm, the way it operates … and how it creates value for its stakeholders." On the surface, this notion appears to be similar to that of strategy. We … present a conceptual framework to separate business model from strategy. Business model, we argue, is a reflection of the firm …

subsidiary strategy can take place. Our model identifies three hierarchical levels of embeddedness: Operational embeddedness … capabilities for the multinational as a whole. Strategic embeddedness deals with subsidiary participation in the MNC strategy … subsidiary strategy. …