Edith Penrose's contribution to the resource‐based view of strategic management

Abstract

Edith Penrose's (1959)

Knowledge Management and Enterprise Resource Planning Implementation: A Conceptual Model

“…While this influential body of research within the field of strategic management was named by Wernerfelt (1984) in his article A ResourceBased Theory of the Firm, the origins of the resourcebased theory can be traced back to earlier research. Retrospectively, elements can be found in works by Coase (1937); Stigler (1961) and Chandler (1977), where emphasis is put on the importance of resources and its implications for firm performance (Mahoney and Pandian, 1992;Rugman and Verbeke, 2002).…”

Critical perspectives on “manufactured” risks arising from Eurocentric business practices in Africa

“…This is an observation which has received no further empirical attention by the internalisation researchers. This observation which has been echoed by the leading thinkers of Penrose's theory, such as Rugman and Verbeke (2002), who ignite attention and interest because much of the RBV debate has predominantly focused on how firms gain and sustain competitive advantage as argued by Gerschenkron (1962).…”

“…Additionally, the problem with the internalisation view, as expressed by authors such as Rugman and Verbeke (2002), Penrose (1959a); Prahalad and Hamel (1990), is that it fails to acknowledge the non-remediable issues discussed in modern theories of the MNC. The fact remains that the implementation of MNCs' business culture and methodologies of business practice, and their resource-seeking methodologies, have yielded the Africa we see today.…”

A Genetic Algorithm Approach for Collaborative Networked Organizations Partners Selection

“…Figure 1 show the companies' analysis dimensions that have to be investigated in order to evaluate if a potential CNO is able to generate new BOs, CPOs and SPOs, that is, to fulfill the strategic goals that have been defined in the previous step. The dimensions identified are: Segments of Business [8], Primary and Supporting Activities [9], Critical Resources [10], Financial statements analysis [11].…”