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Essay topic on “Principles of Management, Part 1”2020/2021Dr Eunsuk HongPlease c

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Essay topic on “Principles of Management, Part 1”2020/2021Dr Eunsuk HongPlease complete the following essay question:Critically compare the theoretical perspectives and practical implications of Coase (1937)and Penrose (1959) in terms of their views on (i) the size of firms and (ii) the growth offirms.Key requirements:1. You should complete this task using and citing all theories and concepts covered in PartI of this module – (a) Transaction cost theory of the firm (Coase, 1937), (b) Penrose’sthe theory of the growth of the firm (Penrose, 1959), (c) Adverse selection (Akerlof,1970), Agency theory (Eisenhardt, 1989), (d) 5 Forces analysis (Porter, 1980), (e)Resource-based view of the firm (Barney, 1991), (f) vertical integration and diversification.2. Please note that this task is NOT a descriptive summary of those theories (e.g.,summary of theory A, then theory B, then theory C…..). Rather, those theories shouldbe used and cited systematically in your discussion and analysis of key theoreticalperspectives and practical implications initiated by Coase (1937) and Penrose (1959).Key points to rememberGeneral(1) Your essay should be submitted online via BLE (Moodle).(2) Please see SFM Assessment Guidelines, available at BLE (Moodle) for information about theregulations relating to coursework (submission, late submission, plagiarism and word count).(3) The deadline date and time for essay submission is on Monday 4 January 2021 at 11.59pm.(4) Word limit: 3,000 words excluding references.Assessment guidelines(1) Please see UG Marking Criteria, available at BLE (Moodle) for information about themarking criteria.Writing tips(1) Try to have a clear and logical structure to your answer. Do not be afraid to use sub-headings to structure your essay.(2) Please see Referencing guide for information about the suggested referencing systems.Your essay should acknowledge the source of all ideas and evidence with appropriatereferences. Failure to do so constitutes plagiarism.ReferencesAkerlof, G.A. (1970) ‘The market for “lemons”: qualitative uncertainty and the market mechanism’,Quarterly Journal of Economics, 84 (3): 488-500.Barney, J. (1991) ‘Firm Resources and Sustained Competitive Advantage’, Journal of Management,17 (1): 99-120.Coase, R. (1937) ‘The nature of the firm’, Economica, 4(16): 386-405.Penrose, E. (1959) The theory of the growth of the firm, New York: Oxford University Press.Eisenhardt, K.M. (1989) ‘Agency Theory: An Assessment and Review’, Academy of ManagementReview, 14(1): 57-74.Porter, M. (1980) Competitive Strategy, New York: Free Press, Ch1 (pp. 3-32).FOR CLEAR OVERVIEW PLEASE CHECK THE ATTACHED FILE
Requirements: .doc file | Other | 12 pages, Double spaced