The Theory of the Growth of the Firm
Oxford University Press, 1995 - Biography & Autobiography - 272 pages
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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THE FIRM IN THEORY
THE PRODUCTIVE OPPORTUNITY OF THE FIRM AND
THE RECEDING MANA
INHERITED RESOURCES AND THE DIRECTION OF EXPAN
THE ECONOMIES OF SIZE AND THE ECONOMIES OF GROWTH
THE ECONOMICS OF DIVERSIFICATION
THE RATE OF GROWTH OF FIRMS THROUGH TIME
THE POSITION OF LARGE AND SMALL FIRMS IN A GROWING
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ability acquired acquisition activities administrative advantage amount analysis areas assume attempt become called capital changes Chapter competence competition concentration concerned considerable considered continued corporations cost course created decisions demand depends determine difficulties direction discussion diversification economy effect efficient enterprise entrepreneurial established example existing expansion expected extensive external fact factors fields firm's function further given grow growth of firms hand important increase individual industrial interest internal investment kind knowledge large firms less limit managerial managerial services means measure merger nature necessary obtain operations opportunities organization output particular period plans plant position possible present problem productive services profitable question rate of growth reason reduce relation relatively restrictions result risk sell sense significance small firms smaller structure successful theory tion United whole