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dc.contributor.authorPitelis, Christos N.
dc.date.accessioned2019-01-13T12:11:26Z
dc.date.available2019-01-13T12:11:26Z
dc.date.issued2007
dc.identifier.urihttps://dspace.adu.ac.ae/handle/1/1443
dc.descriptionPitelis, C. (2007). A note on Cyert and March (1963) and Penrose (1959): A case for synergy.en_US
dc.description.abstractCyert and March’s 1963 seminal book is one of the two major economics-based theories of the firm that goes inside the ‘black box’ (the firm) – the other being the contribution of Edith Penrose. The two theories have differences, but also similarities, and substantial scope for cross-fertilisation that have gone unnoticed in the literature. In this note we try to integrate important ideas in both books, paying particular attention to the issue of ‘excess resources’ /slack, and (intra-firm) conflict. We then build on the integrated framework by delving into the nature of intra-firm conflict, the degree of intra-firm rivalry and the relationship between firm performance and ‘productive opportunity’. We derive propositions common to the two theories, but also new ones, of import to our understanding of organisational growth and changeen_US
dc.language.isoen_USen_US
dc.publisherMPRAen_US
dc.subjectBehavioral theory of the firmen_US
dc.subjectEdith Penroseen_US
dc.subjectExcess resourcesen_US
dc.subjectslacken_US
dc.subjectconflicten_US
dc.subjectInnovationen_US
dc.titleA note on Cyert and March (1963) and Penrose (1959): A case for synergyen_US
dc.typeArticleen_US


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