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Edith Penrose's (1959) Contributions to the Resource‐based View of Strategic Management

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  • Yasemin Y. Kor
  • Joseph T. Mahoney

Abstract

ABSTRACT We argue that Rugman and Verbeke (2002) underestimate the importance of Penrose's (1959) contributions to the modern resource‐based view of the firm. In particular, we take issue with Rugman and Verbeke's (2002) arguments concerning Penrose's (1959) contributions to our knowledge of: (1) the creation of competitive advantage, (2) sustaining competitive advantage, (3) isolating mechanisms, and (4) competitive advantage and economic rents. In our response, we show that Penrose (1959) has both directly and indirectly influenced the modern resource‐based view of strategic management.

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  • Yasemin Y. Kor & Joseph T. Mahoney, 2004. "Edith Penrose's (1959) Contributions to the Resource‐based View of Strategic Management," Journal of Management Studies, Wiley Blackwell, vol. 41(1), pages 183-191, January.
    • Handle: RePEc:bla:jomstd:v:41:y:2004:i:1:p:183-191
    DOI: 10.1111/j.1467-6486.2004.00427.x
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