Edith Penrose’s Under-Explored Insights in Strategic Management and International Business Research

This study focuses on Penrose’s resource-based approach and under-explored insights that are of high relevance in moving strategic management and international business research forward. Specifically, we review studies that discuss the relevance and links of Penrose’s resource-based approach to other theoretical perspectives, as well as studies that focus on the determinants and consequences of firm-level growth. Based on this review, we then suggest future directions, which elaborate on some of the Penrose-inspired under-researched topics that merit further research attention.