BEC-55802 Theories for business decisions, interdisciplinary window


Credits 2.00

Teaching methodContact hours
Independent study0
Course coordinator(s)dr. ir. MPM Meuwissen
Lecturer(s)dr. WJJ Bijman
dr. ir. MPM Meuwissen
dr. ir. FJHM Verhees
dr. J Sok
Examiner(s)dr. ir. MPM Meuwissen
dr. ir. FJHM Verhees
dr. WJJ Bijman

Language of instruction:


Assumed knowledge on:

This is an advanced course, typically for highly motivated students who appreciate theoretical abstraction and intensive reading and reflection on main texts in business theory. The course is specifically intended for students from the MME Business specialisation and PhD students from the Business cluster. Beyond the Business cluster, this course is useful for students from MID and MDR interested in value chain development, public-private partnerships, and business models development. The course builds on knowledge of Accounting (BEC-22806) (for non-MME: Financial Business Management (BEC-52306) or BEC-51806 Agricultural Business Economics), Strategic Change Management and Innovation (BMO-21306), Decision Science 2 (ORL-30306), and Supply Chain Management (BMO-24806).

Continuation courses:

Master thesis in Business (or as part of PhD trajectory).


The course consists of tutorials in which (i) main texts on business theories are intensively prepared and discussed and (ii) theories are transformed into testable hypotheses, research questions and (own) empirical applications.

Learning outcomes:

After successful completion of this course students are expected to be able to:  
- distinguish and contrast fundamental theories related to business decision making;
- appraise relevant business theories for business problems in uncertain, complex and dynamic business environments;
- evaluate business decision theories for their own research.


There will be four tutorials, i.e. one per domain including (i) business performance (utility theory, prospect theory); (ii) theory of the firm and business models; and (iii) market orientation and theory of competition, and one to transform the theories to (own) empirical issues. 


The final grade is based on the tutorials (50%) and a 2-p short paper (50%). There is no exam.


Provided during the course.