Edith Penrose's legacy to the resource-b
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Andy Lockett
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Article
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2005
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John Wiley and Sons
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English
β 157 KB
## Abstract In this paper I argue that Edith Penrose's work anticipated the modern approach to strategy in general, and the RBV in particular. Building on the central tenets of Penrose's argumentsβthat firms are heterogeneous, which is the result of their path dependencyβthe paper demonstrates how