Edith Penrose: Production

Edith Penrose was economist. Explore interesting quotes on production.

Edith Penrose: 14 quotes0 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.”

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

“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.”

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.”

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