“…It is possible to present some examples of key tools associated with Strategic Formulation and Execution: SWOT matrix, Porter's 5 Forces, BCG Matrix, GE McKinsey Matrix, Business Model Canvas, Balanced ScoreCard (BSC), Hoshin Kanri, Four Disciplines of Execution Method (4DX) (Campbell, 2017;Henike et al, 2019;Mcchesney et al, 2013;Shen et al, 2015;Vuorinen et al, 2018). And, there are some complementary tools that can be integrated to the method: Competitive Analysis; Cash Flow; Sales Forecast; Sales and Operation Planning (S&OP); Customer Sensitivity Analysis; Lean Six Sigma; Continuous Improvement Cycle (PDCA); Six Hats of Thought; Plan A3; Kaizen; Project Canvas; Project Management; Meritocracy Programs; Strategic Review Cycles (Blumentritt, 2006;Calandro Junior & Lane, 2007;Cioffi, 2017;Huikku et al, 2017;Ivert et al, 2015;Kim & Choi, 2017;Muraliraj et al, 2018;Project Management Institute, Inc., 2017;Prybutok, 2018;Shamah, 2013;Tortorella et al, 2015).…”