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Richard Rumelt is the Harry and Elsa Kunin Chair in Business and Society at the UCLA Anderson School of Management. Rumelt was president of the Strategic Management Society from 1995 to 1998. He received the Irwin Prize for his book STRATEGY, STRUCTURE AND ECONOMIC PERFORMANCE, he was apointed Telecom Italia Strategy Fellow, a position he held until April 2000. He has won teaching awards at UCLA and received a best paper prize in 1997 from the Strategic Management Journal. Rumelt also served on the faculty at INSEAD, where he headed the Corporate Renewal Initiative, a research-intervention center devoted to the study and practice of corporate transformation.
Rumelt’s research has centered on corporate diversification strategy and the sources of sustainable advantage to individual business strategies. His current research interests center on the dynamics of industry transitions, with a focus on the patterns and forces shaping the evolution of complex industries.