Context-free models or knowledge are fundamental principles or models in strategic management. For instance, resource based view (RBV) and dynamic capability theory are valid perspectives and they apply almost universally. So are analytical models, such as Michael Porter's five-force model and generic competitive strategy typology. Still, a myriad of strategic choices and processes are quite contextual-dependent. For example, confronted with increasing globalization and ensuing fierce global competition (Hoskisson et al., 2005), American firms frequently adopt a down-scoping restructuring strategy, while firms in Asia, Europe and Latin America prefer to build conglomerates.