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The Theory of the Growth of the Firm
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The Theory of the Growth of the Firm

Edith Penrose

Abstract

This book discusses the development of a theory on the growth of the firm. It is shown that the resources with which a particular firm is accustomed to working will shape the productive services its management is capable of rendering. The experience of management will affect the productive services that all its other resources are capable of rendering. As management tries to make the best use of the resources available, a ‘dynamic’ interacting process occurs which encourages growth but limits the rate of growth.

Keywords: firms, theory of growth, resources, management

Bibliographic Information

Print publication date: 1995 Print ISBN-13: 9780198289777
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0198289774.001.0001

Authors

Affiliations are at time of print publication.

Edith Penrose, author
formerly at SOAS and INSEAD