Internal inducements to expansion arise largely from the ex… - Edith Penrose

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Internal inducements to expansion arise largely from the existence of a pool of unused productive services, resources and special knowledge, all of which will always be found within any firm.

Edith Penrose

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About Edith Penrose

Edith Elura Tilton Penrose (November 15, 1914 – October 11, 1996) was an American-born British economist, whose best known work is The Theory of the Growth of the Firm (1959), which describes the ways which firms grow and how fast they do.

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Alternative Names: Edith Elura Tilton Penrose

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Originators like Edith Penrose:

Neil Fligstein Ronald Coase William H. Meckling Alfred P. Sloan Igor Ansoff

Additional quotes by Edith Penrose

A firm is essentially a pool of resources the utilization of which is organized in an administrative framework.

Management tries to make the best use of the resources available.

There is no need to deny that other 'objectives' are often important—power, prestige, public approval, or the mere love of the game— it need only be recognized that the attainment of these ends more often than not is associated directly with the ability to make profits.

Internal inducements to expansion arise largely from the existence of a pool of unused productive services, resources and special knowledge, all of w… - Edith Penrose

About Edith Penrose

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Additional quotes by Edith Penrose