Strategic Management Review > Vol 5 > Issue 1-2

Introduction: Edith Penrose and The Theory of the Growth of the Firm — The Next Sixty Years

Peter J. Buckley, Centre for International Business, Leeds University Business School, University of Leeds, UK, , José R. de la Torre
Suggested Citation
Peter J. Buckley and José R. de la Torre (2024), "Introduction: Edith Penrose and The Theory of the Growth of the Firm — The Next Sixty Years", Strategic Management Review: Vol. 5: No. 1-2, pp 3-26.

Publication Date: 08 Apr 2024
© 2024 now Publishers, Inc.
Edith Penroseinternational strategystrategic decision-making


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In this article:
Why this Special Issue? 
Edith Penrose, a Brief Biographic Summary 
A Summary of the Papers in this Volume 
Conclusion: A Penrosean Research Agenda 
Appendix 1. Brief Biographical Summaries of Contributors 
Appendix 2. Reviewers for this Special Issue 


The papers in this volume, collectively and severally, suggest a vibrant research agenda inspired by Edith Penrose's work. As the papers show, Edith Penrose's work addresses the fundamental issues of strategy. How do firms behave? Why are firms different? What are the functions of headquarters? What determines success or failure in international competition? And in many cases, as our authors argue, her answers have not been bettered in the next half century. Questioning standard theory, working out how to ask fundamental questions and deriving the appropriate answers are hallmarks of Penrosean methodology. She hoped some would see The Theory of the Growth of the Firm as a work of art, for she was an artist of the human condition rather than a seeker of a rigorous theory.



Strategic Management Review, Volume 5, Issue 1-2 Special Issue in Honor on Edith Penrose and The Theory of the Growth of the Firm
See the other articles that are part of this special issue.