Entrepreneurship in multinational enterprises: A Penrosean perspective

Alain Verbeke and Wenlong Yuan
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Alain Verbeke: University of Calgary
Wenlong Yuan: University of Calgary

Management International Review, 2007, vol. 47, issue 2, No 7, 258 pages

Abstract: Abstract and Key Results This paper applies Penrose’s (1959) insights on the quantity of managerial services required for firm-level organic expansion to the analysis of entrepreneurial activities in MNEs. We use these insights to build a framework relevant to entrepreneurial activities in MNEs, and then apply this framework to assess the metanational model (Doz/Santos/Williamson 2001) in terms of the quantity of managerial services required to implement it. Penrose’s (1959) insights on firm-level growth processes are still relevant to the analysis of entrepreneurial activities in MNEs. The quantity of managerial services required for the effective functioning of the metanational model appears to be particularly high, and the benefits of this model should therefore be carefully weighed against the potential costs.

Keywords: Penrose; Theory of the Growth of the Firm; Metanational Model; Entrepreneurship; Managerial Services; Multinational Enterprises (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (15)

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DOI: 10.1007/s11575-007-0014-4

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