The Theory of the Growth of the Firm

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Oxford University Press, 1995 - Biography & Autobiography - 272 pages
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Why do some firms perform better than others? What enables a firm to grow and take advantage of its opportunities?
Currently much discussion of these questions pivots around the ideas of competencies and capabilities, and the concept of the learning organization or knowledge-creating company. The Theory of the Growth of the Firm is a rich and pioneering work that addresses these questions and laid the foundation for this approach often referred to as the "resource based view of the firm." Edith Penrose analyzes managerial activities and decisions, organizational routines, and knowledge creation within the company and argues that they are critical to the ability of a firm to grow.
  

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This book is a classic of economics that today is more important outside of economics in areas such as entrepreneurship and corporate strategy than it is inside current economic debates. The author ... Read full review

Contents

THE FIRM IN THEORY
9
THE PRODUCTIVE OPPORTUNITY OF THE FIRM AND
31
THE RECEDING MANA
43
Chapter Page
65
THE ECONOMIES OF SIZE AND THE ECONOMIES OF GROWTH
88
THE ECONOMICS OF DIVERSIFICATION
104
Chapter page
153
THE RATE OF GROWTH OF FIRMS THROUGH TIME
197
THE POSITION OF LARGE AND SMALL FIRMS IN A GROWING
215
Chapter page
229
acquisition
242
Some shaky evidence
250
Diversification and industry concentration
256
Copyright

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About the author (1995)

Edith Penrose is Visiting Professor at INSEAD and Johns Hopkins University

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