Pitelis, C orcid.org/0000-0001-9033-6357 (2024) Why unicorns exist? On Penrose, Hymer, and prediction. Strategic Management Review, 5 (1). ISSN 2688-2612
Abstract
We critically assess and cross-fertilise key ideas by Edith Penrose and Stephen Hymer on the theory of the growth of the firm and the Multinational Enterprise. We integrate and develop these by addressing limitations regarding in particular intra-organisational conflict, context (market and ecosystem) co-creation and the role of finance. We explore whether the updated theory is aligned to and helps explain and predict the ‘sharing economy’ and ‘unicorns’. We then assess the overall contribution of the two scholars and their relevance to understanding, helping predict and shape the evolution of today’s corporation and the organisational market-aided economy.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | This item is protected by copyright. This is an author produced version of an article published in Strategic Management Review. Uploaded in accordance with the publisher's self-archiving policy. |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 09 Feb 2021 12:46 |
Last Modified: | 26 Jan 2024 14:00 |
Published Version: | https://www.strategicmanagementreview.net/assets/a... |
Status: | Published online |
Publisher: | Now Publishers |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:170774 |