2013 Reprint of 1959 American Edition. Full facsimile of the
original edition, not reproduced with Optical Recognition Software.
This edition reprints the text from the 1959 First Edition
originally published by Wiley. 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.
This work has become a classic business book and remains relevant
to this day.
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