Based on a review of the concepts used, particularly that of “strategy,” and comments on the difficulties of studying, both theoretically and empirically, collective action and decision processes and systems, the article presents the assumptions and theoretical foundations that underpin most approaches to organizational strategy. Next, a model for understanding strategy formation processes is offered, attempting to reconcile the objectivist and subjectivist approaches of organizational studies and theories of social action. The model is explored in terms of its theoretical and empirical possibilities and limitations.<\/p>\n
Prof. Anthero de Moraes Meirelles (Central Bank of Brazil)<\/strong> Discussant:<\/strong> Professor Maria Antonieta Pereira (School of Letters \/ UFMG)<\/p>\n
\nPhD and Master’s in Administration from Cepead\/Face\/UFMG, journalist and mathematician. Analyst at the Central Bank of Brazil, holding various positions in management, planning, and communications. He was a Consultant to the Board of Directors in Bras\u00edlia and is currently Regional Manager in Belo Horizonte. Professor of postgraduate courses at UFMG, IBMEC, FGV, and Novos Horizontes; author of numerous articles, books, and book chapters. His doctoral thesis, “Strategy Formation in the Brazilian Banking System: Theoretical Model and Empirical Evidence,” was defended in 2003.<\/p>\n