The document discusses the strategy design pattern, which defines a family of algorithms, encapsulates each in a separate class, and defines the same interface so they can be interchangeable. The strategy pattern allows algorithms to vary independently from clients that use them by assigning responsibility for a task to various strategy classes. This improves flexibility by making algorithms easily replaceable at runtime and reduces complexity in client classes. The key participants are a strategy interface, concrete strategy classes that implement it, and a context class that maintains a reference to a strategy and delegates work to it.