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Since its original publication in 1959, The Theory of the Growth of the Firm has stood as a timeless classic in the field of business and management. In this seminal work, Edith Penrose meticulously examines the intricacies of managerial decisions, organizational routines, and the natural constraints that limit a firm's expansion. Her insightful analysis laid the groundwork for what is today known as the resource-based view, profoundly influencing how strategy, innovation, and entrepreneurship are understood. In the fourth edition published in 2013 by Oxford University Press, the enduring relevance of Penrose’s ideas is celebrated anew. This anniversary edition features a thoughtful new introduction by Christos Pitelis, who both recounts the remarkable journey of Penrose’s life and evaluates the continuing impact of her core concepts. Compact in its 304 pages, this paperback edition remains an essential read for anyone eager to explore the foundational forces shaping modern business strategy.
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