Strategic Management Review > Vol 5 > Issue 1-2

Edith Penrose's Under-Explored Insights in Strategic Management and International Business Research

Yasemin Kor, Beckwith Chair of Management Studies, Judge Business School, University of Cambridge, UK, y.kor@jbs.cam.ac.uk , Joseph T. Mahoney, Caterpillar Chair of Business, Professor of Strategy, Entrepreneurship, and International Business, Gies College of Business, University of Illinois at Urbana-Champaign, USA, josephm@illinois.edu , Danchi Tan, Professor of International Business, Department of International Business, National Chengchi University, Taiwan, dctan@nccu.edu.tw
 
Suggested Citation
Yasemin Kor, Joseph T. Mahoney and Danchi Tan (2024), "Edith Penrose's Under-Explored Insights in Strategic Management and International Business Research", Strategic Management Review: Vol. 5: No. 1-2, pp 173-202. http://dx.doi.org/10.1561/111.00000067

Publication Date: 08 Apr 2024
© 2024 now Publishers, Inc.
 
Subjects
International strategy,  Corporate strategy,  Entrepreneurship and strategy,  Micro-foundations of strategy,  Leadership and governance
 
Keywords
Penrose's resource-based approach, the theory of the growth of the firm, strategic coherence, engaged scholarship, firm-specific human capital
 

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In this article:
A Brief Summary of Penrose's Theory of the Growth of the Firm 
A Review of Strategic Management and International Business Research that Draws on Penrose's Theory 
Future Research Directions 
Conclusion 
References 

Abstract

This study focuses on Penrose's resource-based approach and under-explored insights that are of high relevance in moving strategic management and international business research forward. Specifically, we review studies that discuss the relevance and links of Penrose's resource-based approach to other theoretical perspectives, as well as studies that focus on the determinants and consequences of firm-level growth. Based on this review, we then suggest future directions, which elaborate on some of the Penrose-inspired under-researched topics that merit further research attention.

DOI:10.1561/111.00000067

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Companion

Strategic Management Review, Volume 5, Issue 1-2 Special Issue in Honor on Edith Penrose and The Theory of the Growth of the Firm
See the other articles that are part of this special issue.