It gives emphasis on freedom, security, social justice, and protection of the environment and non can be achieved on the basis solely of the market forces. The strategies applied in the economic development are facilitated by a free market and it fosters efficient allocation of factors of production, the strategy practitioner usually adopts the nation principal institutional instrument of collective action (Strategic Studies, 2007).
Strategy practitioners incorporate their knowledge into production as the practical means of achievement and the government takes the responsibility in mediating the interests and making policies that are based on the agreement that involves in countries leading particular social groups that are committed to development. The nature of strategies arises from the needs and opportunity in organizing efforts to raise living standards. There is a high correlation between the academic strategists and strategy practitioners particularly in the achievement of major political objectives. The society is viewed as civil society and a nation, and the society agree on national development strategy contributed by the academic strategists wherein it gives a strong and lively
In developing a strategy, there is planning applied in early stages of the establishment. Despite the limitations of the market, general planning is indicative and plans become specific in dealing with the industries that are viewed in the moment as strategic. The strategy persists in global capitalism rather a national competition strategy. The development of strategy is the result of collective decision making process. It pursues alternatives that are capable of steering it towards development. The nature in strategic development arises on the needs and opportunity in raising its living standards and with the correlation between the development and achievement of major objectives.
In the development of strategies, it involves entrepreneurs, bureaucrats, and workers. Strategy with program regarded as means by which the actors have incomplete information and have limited rationality that appraise the alternatives and make choices. Strategies are series of decision being carried out in well defined manner and it enables the terms in the assessment of alternatives. The strategy takes three principles such as its consideration to the strong games only, it gives emphasis on the alternatives available to the opponents, and it allows the opponent to make moves in response. Strategists begin by diagnosing the situation and in searching all the alternatives, however they cannot pursue every alternative but within the framework it appears to be more promising and satisfactory. The academic strategists have no illusion as to optimization and they know that they have limited time in making decisions.
Interest of Strategy P 3
In the implementation of defined strategy, it use all means available such as by writing laws, adopting economic policies, and they