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Dynamic Capabilities and Multinational Enterprise: Penrosean Insights and Omissions

In: Technological Know-How, Organizational Capabilities, And Strategic Management Business Strategy and Enterprise Development in Competitive Environments

Author

Listed:
  • Mie Augier

    (Post-doctoral Fellow, Graduate School of Business, Stanford University. Stanford, California, USA)

  • David J. Teece

    (Mitsubishi Bank Professor of International Business and Finance, Institute of Management, Innovation and Organization, Haas School of Business, University of California, Berkeley, Berkeley, California, USA)

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 modern 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 “Penrosean” 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

  • Mie Augier & David J. Teece, 2008. "Dynamic Capabilities and Multinational Enterprise: Penrosean Insights and Omissions," World Scientific Book Chapters, in: Technological Know-How, Organizational Capabilities, And Strategic Management Business Strategy and Enterprise Development in Competitive Environments, chapter 4, pages 69-86, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812834478_0004
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    Keywords

    Technological Innovation; Technology Transfer; Organizational Learning; Licensing; Cross Licensing; Organizational Capabilities; Dynamic Capabilities;
    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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