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.
Global Clusters of Innovation, released in the UK today by Edward Elgar Publishing, takes a new tack in examining the growth of our global innovation economy—gathering together an international team of experts to examine the reasons for growth in their home areas.
On August 3 and 4, David Teece spoke on “Business Model Innovation and Its Consequences: The New Uses and Effects of Words” and “What University Structures and Values Assist in Creating Innovation Ecosystems?”
On June 7, David Teece took part in the panel “When the Patents Hit the FRAND – Litigating Standards Essential Patents” at the Los Angeles Intellectual Property Law Association’s Spring Seminar. The seminar featured panel discussions and individual presentations on the latest developments in intellectual property law. Read more.
David Teece was the keynote speaker and spoke about data and privacy at the University at Albany-State University of New York’s inaugural President’s Forum on Data. The forum brought together members of the Advanced Data Analytics Consortium and industry and government partners. It provided discussions on advanced data analytics, models for creating institutional partnerships, and new […]
On Monday, May 5, David Teece will speak at the inaugural President’s Forum on Data at the University at Albany. The forum will bring together members of the Advanced Data Analytics Consortium and industry and government partners. It will provide discussions on advanced data analytics, models for creating institutional partnerships, and new curricula to meet […]
David Teece and Abdulrahman Al-Aali coauthor this piece on integrated management of intellectual property, business model design, and corporate strategy. The paper appeared in the Summer 2013 issue of California Management Review. Read the full article (subscription required).
This paper develops a dynamic capabilities-based theory of the multinational enterprise (MNE). It first reviews scholarship on the MNE, with a focus on what has come to be known as “internalization” theory. One prong of this theory develops contractual/transaction cost-informed governance perspectives; and another develops technology transfer and capabilities perspectives.