The thesis of the paper is that OB can contribute richly to socio-economic development of poor Third World societies. It can do so through research on OB-related problems of the strategic organizations of these societies and on the strategic individuals and groups in these organizations. The concept of the strategic organization, individual, and team is expounded. Interesting OB research questions pertaining to strategic organizations are delineated in the areas of motivation and control, coordination and collaboration, boundary management, management of growth, institution building, innovation and change, and sickness and revitalization.