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A Note on Penrosean Growth, Resource Bundles and the Uppsala Model of Internationalisation
John T. Steen and Peter W. Liesch
MIR: Management International Review
Vol. 47, No. 2, Edith Penrose and the Future of the Multinational Enterprise (2007), pp. 193-206
Published by: Springer
Stable URL: http://www.jstor.org/stable/40658168
Page Count: 14
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The Uppsala model of the internationalisation process of the firm has many similarities with Penrosean growth theory but has been limited by ambiguity about the internal mechanisms of growth. Core insights from Penrose's Theory of the Growth of the Firm may advance development of the Uppsala model. Penrose's theory of growth is a powerful adjunct to the Uppsala model of the internationalisation process of the firm. We propose a variation on the Uppsala model that incorporates the dynamic and interdependent interaction between managerial choice, the formation of resource bundles and their connection to external opportunities.
MIR: Management International Review © 2007 Springer