Homepage » Undergraduate Studies » Degree Programme Courses » Module Courses » Courses of Module ECONOMIC THEORY AND HISTORY » MGT473-Business Organization Theories

Course Description

Course: Theory of Business Organization

Code: MGT473

Semester: B

Tutor: Ch. Pitelis

The course examines the theories and business strategies for obtaining a sustainable competitive advantage. It focuses on four theoretical frameworks (market power and market competitors, transaction costs, resource-based and knowledge-based approaches, and behavioural-conflict-based views), their static and evolutionary dimensions, and four basic types of strategic moves. It also explores the following four questions:

  • Why do firms exist?
  • What determines the expansion of the firm?
  • What determines the "optimal" size, limits and ‘boundaries’ of the firm?
  • What strategy mixture is better for sustainable competitive advantage?

Finally, it considers the relationship between sustainable business advantage and economic sustainability.