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.
Governor-General Jerry Mateparae presented David Teece with the Companion of the New Zealand Order of Merit (CNZM) for services to New Zealand-United States relations. Watch video of the ceremony: Video courtesy of EXECAM Ltd.
President Obama came out swinging last month against “patent trolls,” those much-vilified firms that make their money by threatening to sue companies for patent infringement and demanding hefty royalty payments. The president and White House officials didn’t shy away from the word “trolls,’’ with its image of reptilian goblins who hold up innocent travelers at […]
David Teece will provide the keynote speech on “Dynamic Capabilities and Entrepreneurship in the Multinational Firm” before being presented with the AIB Eminent Scholar Award. The meeting will be held in Istanbul, Turkey, from July 3 to 6. Visit the event page.
David Teece presented on strategic management to governors from across Russia at the “Contemporary Management Technologies” meeting, which focused on how to structure management in large-scale teams. The conference was held in Moscow and hosted by Sberbank of Russia. Read more about the conference.
David Teece was the keynote speaker at the Sumantra Ghoshal Conference on Managerially Relevant Research at London Business School. The annual event focuses on research that matters to managers and highlights the best managerially relevant research from around the world. It brings together researchers to present papers that meet the highest standards of academic rigor, as well as create […]
David Teece writes about a new model of “guided academic entrepreneurship” and the confluence of fundamental research and commercial development at universities. “As much as we celebrate new technology and treat successful entrepreneurs like rock stars, there is still a tension at many universities between the mission of fundamental research and the quest to commercialize new […]
Governor-General Jerry Mateparae presented Berkeley Research Group Chairman David Teece with the Companion of the New Zealand Order of Merit (CNZM) for services to New Zealand-United States relations. Read more about the honor. Visit the New Zealand Honours page.
David Teece writes about Apple and its dynamic capabilities in the post-Steve Jobs era. “I am fascinated by the bipolar swings in sentiment toward Apple Inc. Last September, it was a magical company that could do no wrong. But by mid-April, Apple’s share price had plunged more than 40 percent, from a peak of $705 to […]
A revolution is coming to U.S. higher education, one that will sweep away an archaic business model, erase the value of many venerable brands, and enhance the brands of new entrants and nimble incumbents. It will be a tough time for many U.S. colleges and universities but great news for the rest of the world.
In a presentation at Claremont McKenna College, Haas Business School Professor David Teece delivered the important message that the development of knowledge assets and capabilities are now central to competitive advantage. Dr. Teece said that, “The flow of information, the expansion of markets, and easier access to complementary assets are stripping away traditional sources of competitive advantage, leaving knowledge and competence as the difficult-to-replicate bottleneck assets which anchor enterprise level competitive advantage. Scale and scope advantages are of limited value on such environments.”