Chapter

The Productive Opportunity of The Firm and The ‘Entrepreneur’

Edith Penrose

in The Theory of the Growth of the Firm

Third edition

Published in print September 1995 | ISBN: 9780198289777
Published online November 2003 | e-ISBN: 9780191596759 | DOI: http://dx.doi.org/10.1093/0198289774.003.0003
 The Productive Opportunity of The Firm and The ‘Entrepreneur’

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This chapter examines the nature of ‘enterprise’ and indicates its significance and role in the analysis. Enterprise or ‘entrepreneurship’ is a difficult concept to work into formal economic analysis, given its close association with the temperament or personal qualities of individuals. This personal aspect of the growth of individual firms is considered one of the obstacles to developing a general theory on the growth of firms.

Keywords: entrepreneurship; enterprise; firms; theory of growth

Chapter.  5254 words. 

Subjects: Microeconomics

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