Edith Penrose's (1959) Contributions to the Resource‐based View of Strategic Management

2003/12/22 by Yasemin Y. Kor, Joseph T. Mahoney · 2 citations
Business, Management and Accounting · #Innovation and Knowledge Management #Business Strategy and Innovation #Intellectual Capital and Performance Analysis

paper · pdf · doi:10.1111/j.1467-6486.2004.00427.x

Abstract

ABSTRACT We argue that Rugman and Verbeke (2002 ) underestimate the importance of Penrose's (1959 ) contributions to the modern resource‐based view of the firm. In particular, we take issue with Rugman and Verbeke's (2002 ) arguments concerning Penrose's (1959 ) contributions to our knowledge of: (1) the creation of competitive advantage, (2) sustaining competitive advantage, (3) isolating mechanisms, and (4) competitive advantage and economic rents. In our response, we show that Penrose (1959 ) has both directly and indirectly influenced the modern resource‐based view of strategic management.

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