Abstract
Vattenfall is the fourth largest generator of electricity and the largest generator of heat in Europe. The company has more than 32 000 employees and is active in all stages of the electricity value chain: generation, transmission, distribution and sales. Operations are carried out in Sweden, Finland, Denmark, Germany and Poland. The parent company, Vattenfall AB, is owned by the Swedish state. The main objective for companies owned by the state is to create value. Companies exposed to competition, like Vattenfall, shall operate under the same requirement and terms as other market players. We will start with describing Vattenfall's vision, mission and strategic ambitions. The fol-lowing part will focus on how the strategies are implemented in Vattenfall Nordic Heat, a business unit of the organization. We will in the end analyze the implementation and make qualitative conclusions.
