Path-dependent means that a company's capabilities today are the result of its history.

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Path-dependent refers to the idea that a company's current capabilities and strategies are shaped by its past decisions and actions. Their development is influenced by a variety of factors, such as their initial resources, competitive environment, and prior strategic choices. Therefore, a company's history plays a crucial role in shaping its present and future capabilities.

Path-Dependent Means That a Company's Capabilities Today Are the Result