Edith Penrose: Production

Edith Penrose was economist. Explore interesting quotes on production.

Edith Penrose: 14 quotes 0 likes

“A firm is more than an administrative unit; it is also a collection of productive resources the disposal of which between uses and over time is determined by administrative decision.”

Edith Penrose

Source: The Theory of the Growth of the Firm, 1959, p. 24

Decision , Time

“Difficulties arise when an attempt is made to acclimatize the theory to an alien environment and, in particular, to adapt the analysis of the expansion of the innovating multi-product, ‘flesh and blood’ organisations that businessmen call firms.”

Edith Penrose

Source: The Theory of the Growth of the Firm, 1959, p. 13

“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

Source: The Theory of the Growth of the Firm, 1959, p. 66

Knowledge