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Dynamic Capabilities and Multinational Enterprise: Penrosean Insights and Omissions

In: The Transfer And Licensing Of Know-How And Intellectual Property Understanding the Multinational Enterprise in the Modern World

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  • Mle Augier
  • David J. Teece

Abstract

Penrose's legacy is a curious one. Much cited, but little read, her work is recognized as one of the main intellectual foundations for modem resource based theories of business strategy and theories of organizational routines and capabilities.However, Penrose did not aim to contribute to the field of strategy; her goal was to advance understanding of the nature of the firm and its growth. Nevertheless, there are important insights in Penrose's work that have implications for international business and for strategy.We discuss some of the implications of Penrose's work as well as its limitations. We also briefly discuss the usefulness of adopting a “Penrose an” capability perspective in multinational enterprise (MNE) strategy analysis.The dynamic capabilities framework puts entrepreneurial management into the theory of multinational enterprise, a task Penrose left untouched.

Suggested Citation

  • Mle Augier & David J. Teece, 2008. "Dynamic Capabilities and Multinational Enterprise: Penrosean Insights and Omissions," World Scientific Book Chapters, in: The Transfer And Licensing Of Know-How And Intellectual Property Understanding the Multinational Enterprise in the Modern World, chapter 21, pages 453-470, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789812833181_0021
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    Keywords

    Technology Transfer; Royalties; Licensing; Cross Licensing; Intellectual Property; Multinational Enterprise; Research and Development; Foreign Investment;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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