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This chapter is excerpted from ‘Fundamentals of Global Strategy: A Business Model Approach'. Chapter 4. This chapter introduces the concept of a business model to define global strategy formulation as changing or adapting a company’s core (domestic) business model to achieve a competitive advantage as it globalizes its operations or presence. The book is organized in two parts. Part 1 (chapters 1-4) Understanding Globalization and Part 2 (chapters 5-9) Globalizing the Business Model - where each chapter looks at the globalization decisions that have to be made about a particular component of a company’s business model or discusses a core competency associated with that component. This book looks at the opportunities and risks associated with staking out a global competitive presence and introduces the fundamentals of global strategic thinking. This book provides executives with an in-depth look at the consequences of M&As for acquired top management teams. It examines M&As as a corporate growth strategy, the importance of top management teams to a firm’s long-term performance, the reasons why executives depart after an acquisition, and the effects of these departures on target company performance.