Age, Biography and Wiki

Richard Rumelt was born on 10 November, 1942 in United States, is an American professor (born 1942). Discover Richard Rumelt's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 81 years old?

Popular As N/A
Occupation Academic
Age 81 years old
Zodiac Sign Scorpio
Born 10 November, 1942
Birthday 10 November
Birthplace N/A
Nationality United States

We recommend you to check the complete list of Famous People born on 10 November. He is a member of famous professor with the age 81 years old group.

Richard Rumelt Height, Weight & Measurements

At 81 years old, Richard Rumelt height not available right now. We will update Richard Rumelt's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

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Richard Rumelt Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Richard Rumelt worth at the age of 81 years old? Richard Rumelt’s income source is mostly from being a successful professor. He is from United States. We have estimated Richard Rumelt's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
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Source of Income professor

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Timeline

1942

Richard Post Rumelt (born November 10, 1942) is an American emeritus professor at the University of California, Los Angeles Anderson School of Management.

1963

He worked as a systems design engineer at the Jet Propulsion Laboratory in 1963-65.

1972

He received his doctorate from the Harvard Business School in 1972 and joined the Harvard Business School faculty as an Assistant Professor.

On leave from HBS, he helped found and teach at the Iran Center for Management Studies during 1972-74.

1974

His 1974 study of diversification strategy inaugurated a stream of work on the performance implications of diversification.

1976

He joined the school in 1976 from Harvard Business School.

Richard Rumelt earned Bachelor's and Master's of Science degrees in Electrical Engineering from UC Berkeley.

In 1976 he joined the faculty of Management at the UCLA school of business.

1982

His 1982 paper with Steven Lippman showed how classical industrial organization results—profitability being related to concentration and to market share—could arise under perfect competition if there was uncertainty in the sources of efficiency.

This result was key in the development of the "resource-based view" of strategic success.

1991

Rumelt's 1991 empirical follow-on (How Much Does Industry Matter?) showed that the most of the dispersion of profit rates in the economy was between business units rather than between industries.

1993

In 1993 he was appointed to the Harry and Elsa Kunin Chair in Business and Society.

During 1993-96 he taught at INSEAD (France), where he received the Shell Chair in Management.

1995

Rumelt was a founding member of the Strategic Management Society and served as its president in 1995-98.

He is noted for having made several key contributions to the study of business and corporate strategy.

2011

His 2011 book (Good Strategy/Bad Strategy) redefined strategy as a form of problem solving.

It was chosen one of six finalists for the Financial Times & Goldman Sachs Business Book of the Year award for 2011.

His book The Crux: How Leaders Become Strategists was published in 2022 and was selected as one of the top business books of 2022 by the Financial Times and by the Globe & Mail.

Rumelt is married to Kate Rumelt; the couple enjoys hiking and skiing.

They live in Bend, Oregon.

His daughter Cassandra Clare is the author of The Shadowhunter Chronicles.