- [[#hbs foundation of strategy|hbs foundation of strategy]] - [[#Theoretical and Empirical Perspectives on Entrepreneurship|Theoretical and Empirical Perspectives on Entrepreneurship]] ## hbs foundation of strategy labor market - interact (supply and demand) in relation to wages . labor wages unemployement (def) how exec. make decision (employees, ), how different firms reacted to shock and strategize, Session 5: Resource Based View Session 7: Learning/Sustainability of Competitive Advantage Session 8: Coasian view of the firm Session 9: Coasian view of the firm and applications Session 10: Sociology, Networks and Strategy Session 11: Behavioral Strategy coase thm: efficency of econ allocation (parato eff. = provision of good or service results externality (pollination/ neg: party - noise . pos:This causes the externality competitive equilibrium to not adhere to the condition) = trade is possible (two bottles of wine) - local optimum from the trade/ / ability to bargain and given certain conditions - paraet)  [principal-agent problems](https://www.investopedia.com/terms/p/principal-agent-problem.asp), [transaction costs](https://www.investopedia.com/terms/t/transactioncosts.asp), and the [theory of the firm](https://www.investopedia.com/terms/t/theory-firm.asp) can help businesses design better compensation schemes, contracts, and corporate strategies.