David J. Teece is the Thomas W. Tusher Professor in Global Business at the University of California’s Haas School of Business (Berkeley). He is also the director of the Center for Global Strategy and Governance and faculty director of the school’s Institute for Business Innovation. He is the author of over 30 books and 200 scholarly papers and co-editor of the Palgrave Encyclopedia of Strategic Management. Dr. Teece has received seven honorary doctorates and has been recognized by Royal Honors. Continue to full bio…
The Scholar Entrepreneur
Innovation and its application are what drive economic growth and wealth creation in capitalist societies
that have sound macroeconomic policies and good infrastructure. Entrepreneurs, as the Austrian
economist Joseph Schumpeter reminds us, are essential to the application of new technology and
business models to practical problems. Discovering and developing “new combinations” of technologies
are core to this process. But it does not happen automatically.
Entrepreneurs provide the vision,
wisdom, commitment, and sweat to help make it happen. They are the catalysts for change and
improvement in the economic system.
Scholars probe for deep explanations and fundamental truths. They help develop an understanding of
complex phenomenon; they also try to teach and mentor. They are not usually entrepreneurs. Their
penchant is for reflection, not for doing.
Being both “reflective” and a “doer” may seem like an oxymoron, but it is not. Doing, and doing
the right things, are different activities and require different skills. The competent scholar-entrepreneur
has a chance to be reflective while doing the right things… the things that produce positive results in
the marketplace and yield social value. This quest to be both reflective and entrepreneurial, hopefully
employing practical wisdom, has animated my activities.
The importance of innovation can never be ignored by a manager, an organization, or a country. How does one build a sustainable competitive advantage? A subsidiary question is: how to profit from innovation? These two fundamental questions have always been core in both the research and practice of strategic and innovation management.
In IAM Magazine, David Teece discusses the cost of short-term thinking around intellectual property rights and the potential effects on technological progress and creative and inventive activities and societies.
In Law360, David Teece and Ed Sherry write about standard-essential patents, commitments to make licenses to such patents available on “fair, reasonable and nondiscriminatory” terms, and treatment of these issues under antitrust law.
This stunning property with 184 acres of vineyards is located in a remote corner of New Zealand’s South Island. North Canterbury might not be a familiar winegrowing region yet, but there’s lots of potential, as demonstrated by Mt. Beautiful’s distinctive wines. Founder David Teece is a professor at the University of California, Berkeley, Haas School […]
David Teece provided the keynote at this World Alliance for Low Carbon Cities and Synocus’ seminar in Helsinki, Finland. He discussed capability building and discussed “Reflections on the Application of Dynamic Capabilities in Practice.”
In Law360, Bob Duffy, Steve Coulombe, Keith Jelinek, and David Teece write about opportunities and threats in the US retail sector, and how the Dynamic Capabilities framework and its conceptual toolkit can help executives organize and prioritize effort, attention, and financial resources.
David Teece provided a keynote address, discussing how “Living with and Tolerating Uncertainty Is Required and Often Yields Rich Opportunities.” He also took part in the panel “How to Lead and Disrupt the Establishment.”
Emerald Publishing recognized David Teece’s paper “A Dynamic Capabilities-based Entrepreneurial Theory of the Multinational Enterprise” (Journal of International Business Studies 45:1, January 2014) as “one of the most highly cited and highly influential papers published in 2014 relating to the areas of Business Management, Finance, Accounting, Economics and Marketing.”
Ten experts from global strategic advisory and expert consulting firm Berkeley Research Group were highlighted in Who’s Who Legal’s 2018 Arbitration 2018: Expert Witness Analysis, which recognizes practitioners internationally for the quality of their testimony in arbitration proceedings.