Seminar paper from the year 2009 in the subject Business economics - Business Management, Corporate Governance, grade: 71 %, University of Warwick (Warwick Business School), course: Strategic Advantage, language: English, abstract: This work assesses models/concepts that may prove valuable for strategy directors in firms in the context of the current recession to design strategies. Therefore first the role of the strategy director will be discussed briefly. Then an overview over the shape of the current recession will be provided, based on OECD and ECB reports. Based on this background common models drawn from the field of strategy research will be assessed. Thereby this work identifies models that help the strategy director to fulfil his/her role and take the current economic environment into account. This work takes a generic angle and doesn't focus on a particular industry.