The Theory of the Growth of the Firm

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Oxford University Press, 2009 - 249 páginas
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.
 

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Contenido

Introduction
ix
Preface
xlviii
Introduction
1
The Firm in Theory
8
The Productive Opportunity of the Firm and the Entrepreneur
28
Expansion Without Merger The Receding Managerial Limit
39
Inherited Resources and the Direction of Expansion
58
The Economies of Size and the Economies of Growth
78
The Economics of Diversification
92
Expansion Through Acquisition and Merger
135
The Rate of Growth of a Firm Through Time
172
The Position of Large and Small Firms in a Growing Economy
189
Growing Firms in a Growing Economy The Process of Industrial Concentration and the Pattern of Dominance
201
Foreword to the Third Edition
234
Index
245
Derechos de autor

Términos y frases comunes

Acerca del autor (2009)

Edith Penrose was formerly at SOAS and INSEAD. Dr. Christos Pitelis is Director at the Centre for International Business and Management (CIBAM), Judge Business School, University of Cambridge.

Información bibliográfica