ISSN:
1467-6486
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
We argue that Rugman and Verbeke (2002) underestimate the importance of Penrose's (1959) contributions to the modern resource-based view of the firm. In particular, we take issue with Rugman and Verbeke's (2002) arguments concerning Penrose's (1959) contributions to our knowledge of: (1) the creation of competitive advantage, (2) sustaining competitive advantage, (3) isolating mechanisms, and (4) competitive advantage and economic rents. In our response, we show that Penrose (1959) has both directly and indirectly influenced the modern resource-based view of strategic management.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1467-6486.2004.00427.x