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It looks at strategy as theorised by the key schools of management theory in this area and strategy as it is practised in organizations. This approach unites theory and practice. It links into other social science disciplines taught on the MBA course, such as economics, sociology, psychology and finance reflecting the composite nature of this subject. It will centre round the dominant paradigm in this area, the Resource-Based View of the Firm in detail and consider its strengths and weaknesses as an analytical framework. Finally, it will review newer approaches to strategy including game theory and real options and consider their usefulness as management tools...
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