Chapter $7$ discuss the importance of formulating and implementing strategy. Organizations that manage strategically tend to outperform those that do not. It is important to understand strategy on a local level in order to understand its global implications.

Effective organizations do a good job of explaining their strategic orientation up and down an organization. With this in mind, how would you assess your organizations strategic planning? Is the mission of your organization in alignment with its strategic plan? Could your organization improve its planning and implementation process?

Do not include your company's name $($a pseudonym is fine$).$ If you are not working, feel free to analyze the last organization you were involved with.

In addition, you can also consider, to name a few, the following questions for your perspectives and exploration:

What is strategic alliance and why? What are the different types of strategic alliance? What were the motivations and benefits of global and cross$-$border alliances? What are the challenges in implementing global alliances? What are the guidelines for successful alliances? What are the key principles for implementing strategies for SMEs, implementing a global sourcing strategy, implementing strategies for emerging economy firms? What are the key components of International Join Venture?