Edith Penrose's (1959) Contributions to the Resource-based View of Strategic Management
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. Copyright Blackwell Publishing Ltd 2004.
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Volume (Year): 41 (2004)
Issue (Month): 1 (01)
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