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The relationship between sales growth and wealth creation is investigated using the resource-based view of firm strategy to test the "Resource Balance Proposition." This proposition argues that a growth-based firm must strike a balance in its resource allocation between resources intended to...
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We argue that Rugman and Verbeke, (2002) underestimate the importance of Penrose's (1959) contributions to the modern resource-based view of the firm. In particular, we take issue with Rugman and Verbeke's (2002) arguments concerning Penrose's (1959) contributions to our knowledge of: (1) the...
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