Agree with longwayhome. Moreoever, try to emphasize your quantitative skills, and, if you have ever taken any micro economics course and got good scores, definitely mention it in your SOP, since econ is the base discipline of strategy. Although it's true that Phd admission committees usually weight applicants' research capability more than their industry background, it's not to say that outstanding work experiences cannot catch their eye. Your background is very special among strategy PhD applicants, and giving up your past career as well as a good chance to get into top MBA programs means that you have strong motivation for academia. You surely can emphasize your work experience, but be careful that there is no need to delineate it in great detail-- just tell the adcomm how does it help you to shape your research question(s). And, yes, put more schools on your list-- both upwards and downwards. Good luck!
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