5204650: Theory of the Firm

Beschreibung

• This module aims at fostering professional competences. In particular, an overview on theories of the firm is given in order to provide students with a profound background for better understanding the various current topics of their discipline. The set of theories dealt with in the course will continuously be reviewed and adapted.

Ziele

• Basic understanding of the fundamental research questions connecting to the existence and boundaries of organizationsBasic understanding of the different approaches which try to explain the existence and boundaries of organizations from various perspectives. Basic understanding of the underlying assumptions of these approaches.

Lernergebnisse

• Students will be able to:gain an overview about various theories of the firm and their historycritically review and discuss different theories of the firmapply theories of the firm as guiding theoretical framework to own thesis topic and research questions

Lehrmethoden

Lecture; self-study; presentation and paper by students

Voraussetzungen (inhaltlich)

none

Literatur

Buckley, P.J.; Michie, J. (eds.) (1996): Firms, Organizations and Contracts: A Reader in Industrial Organization, Oxford/New York Oxford Management Readers
Cyert, R. and March, J. (1963) The Behavioural Theory of the Firm. Englewood Cliffs, NJ: Prentice Hall.
Simon, H. A. (1991). Organization and Markets. Journal of Economic Perspectives, 5(2), 25-44.
Wernerfelt, B. (1984). "The Resource-Based View of the Firm." Strategic Management Journal 5(2): 171-180.
Barney, J. (1991). "Firm Resources and Sustained Competitive Advantage." Journal of Management 17(1): 99-120.
Grant, R.M. 1996. Toward a Knowledge-Based Theory of the Firm. In: Strategic Management Journal, 17(Winter Special Issue): 109-122.