EDITH PENROSE ’ S CONTRIBUTION TO THE RESOURCE-BASED VIEW OF STRATEGIC MANAGEMENT

@inproceedings{Rugman2002EDITHP,
  title={EDITH PENROSE ’ S CONTRIBUTION TO THE RESOURCE-BASED VIEW OF STRATEGIC MANAGEMENT},
  author={Alan M. Rugman and Alain Verbeke},
  year={2002}
}
Edith Penrose’s (1959) book, The Theory of the Growth of the Firm, is considered by many scholars in the strategy field to be the seminal work that provided the intellectual foundations for the modern, resource-based theory of the firm. However, the present paper suggests that Penrose’s direct or intended contribution to resource-based thinking has been misinterpreted. Penrose never aimed to provide useful strategy prescriptions for managers to create a sustainable stream of rents; rather, she… CONTINUE READING
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