Business lessons from U.S. foreign policy failures

Stephen Walt, the noted international affairs professor from Harvard's Kennedy School of Government, spent a day at William & Mary last week, and I got a chance to attend a thought-provoking and highly articulate talk that he gave courtesy of the Institute for the Theory & Practice of International Relations. Walt says that U.S. foreign policy has been pretty abysmal for the past 20 years. He enumerated the external and internal reasons for this, and as he discussed them, it occurred to me that each of these reasons represented a flaw or pitfall that large, powerful companies--like large, powerful countries--would do well to consider and avoid. The talk was about 40 minutes long (sans questions) and well worth the investment in time.