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The Theory of the Growth of the Firm

Author

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  • Penrose, Edith

    (formerly at SOAS and INSEAD)

Abstract

There are not many books that are genuine classics, and only a handful in business and management whose insights and ideas last for 50 years and more. This book is one of the very few 'must reads' for anybody seriously interested in the role of management within the firm. Originally published in 1959, The Theory of the Growth of the Firm has illuminated and inspired thinking in strategy, entrepreneurship, knowledge creation, and innovation. Edith Penrose's tightly-argued classic laid the foundations for the resource based view of the firm, now the dominant framework in business strategy. She analyses managerial activities and decisions, organizational routines, and also the factors that inevitably limit a firm's growth prospects. For this new anniversary edition, Christos Pitelis has written a new introduction which both tells the story of Penrose's extraordinary life, and provides a balanced assessment of her key ideas and their continuing relevance and freshness.

Suggested Citation

  • Penrose, Edith, 2009. "The Theory of the Growth of the Firm," OUP Catalogue, Oxford University Press, edition 4, number 9780199573844.
  • Handle: RePEc:oxp:obooks:9780199573844
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    2. Vera Barinova & Stepan Zemtsov & Alla Sorokina, 2015. "Role of SMEs in regional innovation systems in Russia," ERSA conference papers ersa15p600, European Regional Science Association.
    3. Adnan Efendic & Tomasz Marek Mickiewicz & Anna Rebmann, 2013. "Growth Aspirations and Social Capital: Young Firms in a Post-Conflict Environment," UCL SSEES Economics and Business working paper series 122, UCL School of Slavonic and East European Studies (SSEES).
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    8. Wolter, Hans-Jürgen & Werner, Arndt & Schneck, Stefan, 2015. "Zur Entwicklungsdynamik neugegründeter Unternehmen: Eine Längsschnittanalyse auf Basis des Umsatzsteuerpanels," IfM-Materialien 238, Institut für Mittelstandsforschung (IfM) Bonn.
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    11. Wu, Jie, 2012. "Technological collaboration in product innovation: The role of market competition and sectoral technological intensity," Research Policy, Elsevier, pages 489-496.
    12. Nora Hesse & Rolf Sternberg, 2017. "Alternative growth patterns of university spin-offs: why so many remain small?," International Entrepreneurship and Management Journal, Springer, vol. 13(3), pages 953-984, September.

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