Economic and Organisational Foundations of Strategic Management
This is a theoretical course giving insight into the theoretical approaches mostly applied in strategic management.
The course will introduce, analyze, and evaluate a variety of theories and their application within the strategic management field. These may include the following:
- Industrial Organization Theory
- Strategic Groups theory
- Learning theory
- Resource Dependency theory
- Network Theory
- Resource Based View
- Activity Based View
- Transaction Cost Economics
- Institutional Theory
Theories and their implied strategies will be discussed.
Learning outcome knowledge
The course focuses on a broad representation of differing, and often conflicting, perspectives and theories related to strategy content and strategy context and extend the previous knowledge the students have on strategy and strategy analysis from their undergraduate program. The main objective is to develop critical reflections on strategy and strategy analysis among the students participating in the course.
By the end of this course a student should be able to
- Understand the underlying theories/perspectives that have shaped the development of the field of strategic management.
- Understand how those theories/perspectives contradict or complement one another,
- Appreciate the value as well as the limitations of various theories/perspectives.
- Class participation: 20%
- Written exam: 60%
- Written assignment: 20%