Foundations of Strategy
Responsible study board
Date of Approval
Aim and purpose
Foundations of strategy is a core course in the Strategy and Organization master. It presents the theories that comprise state-of-the-art in strategy research. This level of knowledge, as well as the ability to engage directly with research literature, provides a foundation for the further courses in the strategy and organizations profiles.
The aim of this course is to:
- provide a comprehensive understanding of standard approaches to analyze competitive advantage at the firm, industry and network levels
- give the students skills in using the principles laid out in this course to examine and solve strategic problems for a master thesis and in a managerial career.
- improve the students' abilities to read, assimilate, argue, and put to use texts from the research literature.
Issues relating to strategic decisions and market processes are an integral part of these topics. The most influential recent contributions to theories about strategy are presented, including theories of industrial organization and technological change, competence- and resource-based theory, transaction cost and property rights economics as well as relational approaches.
This course is centered on three main topics:
- Industry and context analysis: Market Power and Dominant Firms; Market Power and Product Quality; Strategic Behavior with Applications (advertising, R&D, learning); Conducting an analysis of markets, industries and strategic groups.
- Analysis of the firm: The Resource Based View; rent analysis; bargaining; dynamic capabilities.
- The Structure and Boundaries of the firm: Transaction Costs and Property Rights; Relational rents; Diversification and Integration; Identifying sources of competitive advantage; Analysis of markets and asset stocks.
Description of outcome - Knowledge
• Explain how these theories relate to each other.
• Explain the conditions under which each theory can be applied and what can be gained from such application.
Description of outcome - Skills
• Conduct an informed, insightful, and well-structured strategic analysis of firms and industries.
• Analyze strategic problems relating to ownership, including the boundaries and structure of the firm.
Description of outcome - Competences
• Use the principles laid out in this course to examine and solve strategic problems for a master thesis.
3 hours weekly in 15 weeks.
These activities result in an estimated distribution of the work effort of an average student as follows:
- Lectures: 45 hours.
- Preparation for class, reading: 185 hours.
- Mandatory assignment: 15 hours.
- Exam, including preparation: 25 hours.
- In total: 270 hours.
Home assignment: November
In situ exam: January.
Home assignment November/december
In situ exam: February.
Form of examination
Form of examination
It is not allowed to communicate with others.
The examination is based on 2-5 broad questions that invite independent thinking and use of the material taught in this course.
|Franziska Lauensteinemail@example.com||Strategic Organization Design (SOD)||Odense|
|Michael Christensenfirstname.lastname@example.org||Strategic Organization Design (SOD)||Odense|
|Torben Thorbjørn Knudsenemail@example.com||Strategic Organization Design (SOD)||Odense|