Course Description
Course: Theory of Business Organization
Code: MGT473
Semester: B
Instructor: 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.