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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