Established routines, bureaucratic procedures, and inertia often constrain a firm's strategic behavior. Understanding the strategic decision‐making process can help your company close the gap between what it plans and what it actually does.

A liberal, open, competitive, market‐oriented economy, with all its variations, is an eminently better strategy for economic progress than its alternative, the state‐managed economic system. This thesis is seemingly simple yet so complex for economic policymakers to understand.