Dynamic Capabilities and Multinational Enterprise: Penrosean Insights and Omissions

Mle Augier and David Teece

Chapter 21 in The Transfer and Licensing of Know-How and Intellectual Property:Understanding the Multinational Enterprise in the Modern World, 2008, pp 453-470 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractPenrose'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.

Keywords: Technology Transfer; Royalties; Licensing; Cross Licensing; Intellectual Property; Multinational Enterprise; Research and Development; Foreign Investment (search for similar items in EconPapers)
Date: 2008
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