The Evolution of Business

Interpretative Theory, History and Firm Growth
Routledge (Verlag)
  • erschienen am 24. September 2018
  • |
  • 206 Seiten
E-Book | PDF mit Adobe DRM | Systemvoraussetzungen
978-1-351-39561-8 (ISBN)

Firm growth. This concept has interested researchers for generations. Economists have sought to predict and measure firm growth using a host of different variables, while strategic management scholars depict growth as the result of clever analyses and rational resource exploitation. Entrepreneurship scholars - ever engrossed by successful start-ups - have pondered why growth sometimes comes fast and sometimes never at all, while the field of business history has given countless examples of growing firms in a range of different settings. Yet despite research across fields, our knowledge of how growth in a firm actually comes about is limited and we still know little about the process.

This book offers a new reading of economist Edith Penrose's The Theory of the Growth of the Firm. The bold statement is that although Penrose's work - across fields and generations - is amongst the most quoted on firm growth, the basic points of her work have yet to be realized and explored empirically.

Essentially, growth is created by a dynamic interrelation between the firm's self-conception and its image of context. Based on these two subjective categories, the firm makes decisions and its actions lead it to develop along a particular path. To Penrose this is the basic engine that drives the growth and development of firms.

This book discusses how the engine of firm growth can be captured in empirical analysis using interpretative theory and narrative methods inspired by recent streams of research in business history.

  • Englisch
  • Milton
  • |
  • Großbritannien
Taylor & Francis Ltd
  • Für höhere Schule und Studium
2 schwarz-weiße Tabellen
978-1-351-39561-8 (9781351395618)
weitere Ausgaben werden ermittelt

Ellen M. Korsager is an Assistant professor of business history at the Copenhagen Business School, Denmark.

List of Tables and Figures



1. Introduction - On Penrose and the historical study of firm growth

2. Analytical strategy - On the social nature of meaning and how narratives may be used to study firm development

3. Founding a company and formulating a basic narrative

4. Henrik Thorning's previous experiences and the context of the start-up

5. Putting resources to service and strengthening the basic narrative during the start-up process

6. How should the profiles of Fiberline be sold?

7. The efforts of financing and opportunities for growth

8. Productive opportunities and technological base

9. Market focus and developing the international sales organization

10. Discussion - How does this book contribute to the study of firm growth processes, business history, entrepreneurship and internationalization?

11. Conclusion


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