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The Growth of the Firm—A Case Study: The Hercules Powder Company
Abstract
Growth is governed by a creative and dynamic interaction between a firm's productive resources and its market opportunities. Available resources limit expansion; unused resources (including technological and entrepreneurial) stimulate and largely determine the direction of expansion. While product demand may exert a predominant short-term influence, over the long term any distinction between “supply” and “demand” determinants of growth becomes arbitrary.
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Cited by
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Mahoney, J. T., & Pandian, J. R. (1992) · Strategic Management Journal · doi:10.1002/smj.4250130505 · Cited by 3,392
The ‘‘what’’and ‘‘how’’of case study rigor: three strategies based on published work
Gibbert, M., & Ruigrok, W. (2010) · Organizational Research Methods · doi:10.1177/1094428109351319 · Cited by 506
Dynamic capabilities and multinational enterprise: Penrosean insights and omissions
Augier, M., & Teece, D. J. (2007) · Management International Review · doi:10.1007/s11575-007-0010-8 · Cited by 257
Clusters, entrepreneurial ecosystem co-creation, and appropriability: a conceptual framework
Pitelis, C. (2012) · Industrial and Corporate Change · doi:10.1093/icc/dts008 · Cited by 253
Lazonick, W., & Shin, J.-S. (2019) · doi:10.1093/oso/9780198846772.001.0001 · Cited by 116
Metadata
- Authors
- Penrose, E. T.
- Venue
- Business History Review
- Publisher
- Cambridge University Press (CUP)
- Published
- 1960
- Volume
- 34
- Issue
- 1
- Pages
- 1-23
- ISSN
- 0007-6805 (ISSN-L)
- 2044-768X
- OpenAlex
- W2055133413
- Cited by
- 324
- References
- 0
- FWCI
- 0.00
- Type
- journal article
- Language
- en
- Open access
- closed
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