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- Title
Edith Penrose's Theory of the Growth of the Firm and the Strategic Management of Multinational Enterprises.
- Authors
Buckley, Peter J.; Casson, Mark
- Abstract
• This paper provides a formal model of Edith Penrose's Theory of the Growth of the Firm which has important implications for the strategy of multinational enterprises. • The model provides an analysis of the trade-off between product diversification and foreign market penetration. It also can account for the speed of entry into foreign markets. • Formalizing Penrose's Theory of the Growth of the Firm provides an account of internationalization incorporating geographical expansion patterns, sequential decision making and learning.
- Subjects
INTERNATIONAL business enterprises; CORPORATE growth; PENROSE, Edith, 1914-1996; DIVERSIFICATION in industry; DECISION making; MARKET penetration; MARKETS
- Publication
Management International Review (MIR), 2007, Vol 47, Issue 2, p151
- ISSN
0938-8249
- Publication type
Article
- DOI
10.1007/s11575-007-0009-1