Penrose's The Theory of the Growth of the Firm: An Exemplar of Engaged Scholarship

Penrose's The Theory of the Growth of the Firm: An Exemplar of Engaged Scholarship

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Article ID: iaor20163371
Volume: 25
Issue: 10
Start Page Number: 1727
End Page Number: 1744
Publication Date: Oct 2016
Journal: Production and Operations Management
Authors: , , ,
Keywords: education
Abstract:

Edith Penrose's (1959) classic book, The Theory of the Growth of the Firm, made a substantial impact on strategic management research, especially in the context of the resource‐based view of the firm, and the ripple effects of her impact continue to unfold today in various disciplines. The book serves as a remarkably rich source of inspiration for scholarly research and a generative source of ideas, which are poised to be further developed. In this study, we examine Penrose's (1959) classic and provide: (1) the process by which this book came about; (2) a summary of its key ideas; (3) some implications for operations management research; (4) the subsequent impact of the book, in which we focus on mathematical models; and (5) a discussion of some of the research lessons learned from this exemplar of engaged scholarship. We invite management science and operations scholars to discover the rich scientific world of Edith Penrose and experience the product and process of her research creativity.

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