The Theory of the Growth of the Firm by Edith Penrose

The Theory of the Growth of the Firm

byEdith Penrose, Christos Pitelis

Paperback | October 16, 2009

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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 frameworkin 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.

About The Author

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.
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Details & Specs

Title:The Theory of the Growth of the FirmFormat:PaperbackDimensions:304 pages, 8.5 × 5.43 × 0 inPublished:October 16, 2009Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199573840

ISBN - 13:9780199573844

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Table of Contents

Christos Pitelis: IntroductionPreface1. Introduction2. The Firm in Theory3. The Productive Opportunity of the Firm and the 'Entrepreneur'4. Expansion Without Merger: The Receding Managerial Limit5. 'Inherited' Resources and the Direction of Expansion6. The Economies of Size and the Economies of Growth7. The Economics of Diversification8. Expansion Through Acquisition and Merger9. The Rate of Growth of Firms Through Time10. The Position of Large and Small Firms in a Growing Economy11. Growing Firms in a Growing Economy: The Process of Industrial Concentration and the Pattern of Dominance

Editorial Reviews

"...a serious book that ought to touch the survival instinct of every reflective businessman and investor." --"Wall Street Journal" (On first edition)