Edith Penrose: Use

Edith Penrose was economist. Explore interesting quotes on use.

Edith Penrose: 14 quotes 0 likes

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

Edith Penrose

Source: The Theory of the Growth of the Firm, 1959, p. 5

“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

“If profits are a condition of successful growth, but profits are sought primarily for the sake of the firm, that is, to reinvest in the firm rather than to reimburse owners for the use of their capital or their 'risk bearing,' then, from the point of view of investment policy, growth and profits become equivalent as the criteria for the selection of investment programmes.”

Edith Penrose

Source: The Theory of the Growth of the Firm, 1959, p. 30

Success