In this survey, the fundamental aspects of nitroxide‐mediated polymerization (NMP) and the importance of each step/stage in its fate are discussed. The factors controlling the homolysis, reformation, and side‐reactions of alkoxyamines are presented. The various types of NMP—bulk, solution, aqueous, emulsion, miniemulsion, and
in situ
—are exemplified. The synthesis of advanced polymers by NMP is presented.