Extant explanations of the nature and scope of firms, such as transaction costs, property rights, metering and ‘resources’ can be integrated into a more general (capability-based) theory of the nature and essence of the firm that recognizes the importance to the firm of creating (and...

This book brings together the major, state-of-the-art approaches to the transnational firm in one volume. Leading international thinkers present overviews of a vibrant theoretical literature and assess the current state of analysis. Thoroughly revised and updated to take account of the explosive...

Edith Penrose's tightly argued classic laid the foundations for the resource based view of the firm, now the dominant framework in business strategy She analyses managerial activities and decisions, organizational routines, and also the factors that inevitably limit a firm's growth prospects....