Well, it sounds like you're choosing between UT and Cornell. Again, I'm not sure why the concern with electives (you may be drinking the MBA marketing kool-aid...). An MBA degree is by its very nature a general management degree.
Anyhow, again it comes down to where you want to live or settle down longer term - if Texas is your most likely home in the short- and medium-term, then it makes sense to do your MBA in Texas (i.e. get into the best EMBA/Part-time MBA in Texas that is convenient for you in terms of location). If you're looking to go east, then Cornell may make more sense. Also, your goals are a little vague anyhow - you really need to do more research into the kinds of business-oriented jobs at large tech firms -- "technology strategy" and "internal strategy" sounds sexier and more substantive than it really is (and these jobs are typically filled with ex-management consultants) - problem with these jobs is that you're not really contributing anything tangible and the growth within the firms are very limited. There are product manager jobs, business development (sales), and so forth - jobs that have a more direct revenue impact.
My suggestion is to go to your local library and get the Vault.com career guides and do a bit more research into what it is you want to do.
In any organization, you are either "making" the product (tech: engineers), or you're "selling" it (tech: sales/bus dev, product mgmt). If you're neither (accounting/finance, HR, corporate strategy, etc.) you are overhead - your job is to support the makers and sellers.
Alex Chu
alex@mbaapply.com
www.mbaapply.com
http://mbaapply.blogspot.com