It's imperative that industrial organization and resource-based models does have a strong part to play in business. As you established, "Resource-based models of above-average returns refers to the type of strategy that is utilized by a company in order to help identify and exploit which resources can give them a competitive advantage against their competition." Thinking further where strategic management models does have a right of way and element to enhance certain types of organizational objectives. How do any of the four basic elements enhance proper process and attainment set out through organizational objectives? How would you be able to relate to any of the following factors pertaining to environmental scanning both (internal and external), strategy formulation (strategic or long-range planning), strategy implementation and strategy evaluation and control? Is there another way to look at this situation