What term coined by Richard Rumelt refers to situations in which the causes of a firm's ability to create more value than its competitors are obscure and only imperfectly understood?
A)Isolating mechanisms
B)Casual ambiguity
C)Dependence on historical circumstances
D)Social complexity
E)Impediments to imitation

Question

Quizplus · Accepted Answer

The term coined by Richard Rumelt is "casual ambiguity," which refers to situations where the reasons for a firm's ability to create more value than its competitors are not fully understood, making it difficult to imitate or replicate that advantage.

What Term Coined by Richard Rumelt Refers to Situations in Which