AIB Fellow - David Teece
Professor David Teece from the University of California - Berkeley is the Thomas W. Tusher Chair in Global Business and Director of the Institute for Business Innovation at the Walter A. Haas School of Business. He is one of the most influential management thinkers of our era. His influence on strategic management research and practice during the past 30 years has been nothing short of extraordinary.
David Teece almost singlehandedly invented the ‘dynamic capabilities’ approach in strategic management that has become a core paradigm in this field of academic inquiry and is also used extensively by international business scholars. Teece’s main piece on this subject has earned 15,500+ citations on Google Scholar (he has twelve other pieces with 1,000+ citations each). The main focus of this work is value creation and capture through innovation, taking into account that protecting the fruits of innovation requires a threshold level of ‘inimitability’ by competitors, as well as ‘complementary assets’.
David Teece has been instrumental in ending the ‘inhospitability tradition’ in US courts vis-à-vis transaction-cost-reducing and efficiency enhancing strategic decisions made by business firms (e.g., anti-trust cases in the context of vertical integration, mergers, acquisitions, etc.). He founded the Law and Economics Consulting Group (LECG), which allowed high-level experts in technology, law, economics and organization to study the full effects of large-scale strategic decisions by business firms, and to appear in major court cases, thereby changing the way the US judiciary now deals with the most contentious business conflicts of our time.
David Teece is an Honorary Fellow of the Academy of International Business as the recipient of the 2013 AIB Fellows Eminent Scholar Award.
Last Updated: July 2013