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Penrose

Penrose. problematize ‘resource’ knowledge (D, M, P) learning, judging time. RBV dynamic capabilities. resources. bodies of knowledge. objective. imagination. subjective. evolutionary. firm as organism organizational routines Schumpeter’s evolving economy. s-a-p.

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Penrose

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  1. Penrose • problematize ‘resource’ • knowledge (D, M, P) • learning, judging • time TMF Workshop Session 4

  2. RBV dynamic capabilities resources bodies of knowledge objective imagination subjective TMF Workshop Session 4

  3. evolutionary • firm as organism • organizational routines • Schumpeter’s evolving economy TMF Workshop Session 4

  4. s-a-p • inside the black box • process • individuals, organizations, institutions • power • emergence • historical methods • case-writing TMF Workshop Session 4

  5. micro economic theory - judgments • things - resources • people as rational actors • rational man failures, contracts • people as bodies of knowledge • learning, imagination • surprise, value-creation • persuasion • value chain • team production • PAT • TCE & PRT • Penrose TMF Workshop Session 4

  6. what do we do now ? • no consulting or academic models ‘work’ • awareness of managerial judgment’s place • desperately seeking surprise • opportunity space construction • towards the TMF - finally TMF Workshop Session 4

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