p. 13
“
Difficulties arise when an attempt is made to acclimatize the theory to an alien environment and, in particular, to adapt the analysis of the expansion of the innovating multi-product, ‘flesh and blood’ organisations that businessmen call firms.
— Edith Penrose
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Difficulties arise when an attempt is made to acclimatize the theory to an alien environment and, in particular, to adapt the analysis of the expansion of the innovating multi-product, ‘flesh and blood’ organisations that businessmen call firms." in the context of "p. 13" to mean that wisdom is timeless.
Source: Wikiquote: "Edith Penrose" (Quotes, The Theory of the Growth of the Firm, 1959: Edith T. Penrose (1959), The theory of the growth of the firm, Cambridge, MA.)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About Edith Penrose
Edith Elura Tilton Penrose (November 15, 1914 – October 11, 1996) was an American-born British economist, whose best known work is The Theory of the Growth of the Firm (1959), which describes the ways which firms grow and how fast they do.
About Edith Penrose
Edith Elura Tilton Penrose (November 15, 1914 – October 11, 1996) was an American-born British economist, whose best known work is The Theory of the Growth of the Firm (1959), which describes the ways which firms grow and how fast they do.
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