For an organic entity, such as a firm,, path-dependency means that:
A)That this firm's capabilities today are the result of its history
B)This firm's way forward depends on decisions to be made at future crossroads
C)This firm's history is dependent upon it developing a clear path forward
D)There is only one path for this firm to evolve over time

Question

Quizplus · Accepted Answer

Path-dependency refers to the idea that a firm's current capabilities are the result of its history, and the decisions it made along the way. This means that the path the firm takes moving forward is influenced by its past decisions and actions, and that it may be difficult to deviate from this path without significant effort and investment. Therefore, choice A is the best answer.

For an Organic Entity, Such as a Firm,, Path-Dependency Means