Penrose's The Theory of the Growth of the Firm: An Exemplar of Engaged Scholarship. Issue 10 (10th June 2016)

• Record Type: Journal Article
• Authors: Kor, Yasemin Y.; Mahoney, Joseph T.; Siemsen, Enno; Tan, Danchi
• Is Part Of: Production and operations management. Volume 25:Issue 10(2016)
• Page Start: 1727
• Page End: 1744
• Publication Date: 2016-06-10
• Subjects: growth of the firm -- engaged scholarship -- dynamic adjustment costs -- resource‐based approach -- entrepreneurship; Production management -- Periodicals; 658.505
• DOI: 10.1111/poms.12572
• Languages: English
• ISSNs: 1059-1478

Abstract

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.