David J. Teece
Thomas W. Tusher Professor in Global Business | Faculty Director, Tusher Center for The Management of Intellectual Capital | Haas School of Business, University of California, Berkeley
Berkeley, CA, UNITED STATES
International authority on industrial organizations and technological change, antitrust policy, and intellectual property
Areas of Expertise (11)
Competitive Performance of Firms in the Global Marketplace
Intellectual Capital Management
Innovation
Intellectual Property
Antitrust Policy
Technology and Intellectual Property
Strategy Management
Corporate Governance
Product and Process Development
Human Capital
Dynamic Capabilities
About
David J. Teece is an economist and an authority on matters of industrial organization, technological change, and innovation, particularly as it relates to antitrust and competition policy and intellectual property. He is the Thomas W. Tusher Professor in Global Business and Director of the Tusher Center on Intellectual Capital at Berkeley Haas, and a member of the board of overseers for the faculty of arts and sciences at the University of Pennsylvania. Teece has a PhD in economics from the University of Pennsylvania and has held teaching and research positions at Stanford University and Oxford University. He has received eight honorary doctorates.
Teece has over 30 years of experience as an active consultant performing economic, business, and financial consulting services to businesses and governments around the world. He has worked on matters in industries ranging from music recording to DRAMS, software, lumber, and petroleum, and has testified in both federal and state court, before Congress, and before the Federal Trade Commission, as well as in several international jurisdictions.
He is the author of more than 200 books and articles, and is the Co-editor of Industrial & Corporate Change (Oxford University Press). According to Science Watch (November/December 2005), he is the lead author on the most cited article in economics and business worldwide from 1995 to 2005. He is also one of the Top 10 cited scholars for the last decade and has been recognized by Accenture as one of the world’s top-50 business intellectuals. Teece is Chairman and Principal Executive Officer of Berkeley Research Group and was chairman and co-founder of LECG from 1988-2007 and vice-chairman from 2007 to 2009.
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Education (4)
University of Pennsylvania: PhD, Economics
Edinburgh Business School: Honorary Doctorate 2017
University of Pennsylvania: MA
University of Canterbury: BA, MComm
Links (5)
Honors & Awards (13)
Honorary Doctorate
Edinburgh Business School, UK 2017
Honorary Doctorate
EBS Business School, Germany 2016
Honorary Doctorate
Kaunas University of Technology, Lithuania 2016
Honorary Doctorate
University of Calgary, Canada 2015
Herbert Simon Award
2011
World’s Top 50 Living Business Intellectuals
Recognized by Accenture
Winner of the 2003 Best Paper Prize Award
Awarded by the Strategic Management Journal for the paper: “Dynamic Capabilities and Strategic Management.”
Viipuri International Prize in Strategic (Technology) Management and Business Economics
Awarded in Strategic (Technology) Management and Business Economics
Honorary Doctorate
University of Canterbury, New Zealand 2007
Honorary Doctorate
Lappeenranta University of Technology, Finland 2004
Honorary Doctorate
Copenhagen Business School, Denmark 2004
Honorary Doctorate
St. Petersburg State University, Russia 2000
One of Top 10 most cited scholars worldwide in economics and buisness
Listed by Science Watch 1995 – 2005
Selected External Service & Affiliations (3)
- Co-editor and co-founder, Industrial and Corporate Change (Oxford University Press)
- Member, American Economic Association, Licensing Executives Society, Council on Foreign Relations, International Joseph A. Schumpeter Society, Benjamin Franklin Society
- Chairman, Berkeley Research Group
Positions Held (1)
At Haas since 1982
2015 - present, Faculty Director, Tusher Center for the Management of Intellectual Capital 2012 – 2015, Faculty Director, Institute for Business Innovation 2009 – present, Director, Center for Global Strategy and Governance 2007 - present, Thomas W. Tusher Professor in Global Business 1994 – 2009, Director, Institute of Management, Innovation and Organization (IMIO), UC Berkeley 2007 – 2008, Thomas W. Tusher Chair in Global Business 1989 – 2007, Mitsubishi Bank Chair in International Business and Finance 1983 – 1994, Director, Center for Research in Management (CRM), University of California, Berkeley 1989, Visiting Fellow, St. Catherine’s College, Oxford University, and Oxford Institute for Energy Studies 1978 – 1982, Associate Professor of Business Economics, Stanford University 1978 – 1979, Visiting Associate Professor of Economics, University of Pennsylvania 1975 – 1978, Assistant Professor of Business Economics, Stanford University
Media Appearances (15)
Democracies Must Coordinate Industrial Policies to Rebuild Economic Security
Issues in Science & Technology online
2022-04-14
The United States can control its technological future only by working with other liberal democracies to reduce shared risks and vulnerabilities, argue Laura Tyson, distinguished professor of the graduate school and former dean, and David Teece, Thomas W. Tusher Professor in Global Business and faculty director, Tusher Center for the Management of Intellectual Capital.
From hierarchies to markets and partially back again in electricity: responding to decarbonization and security of supply goals
Cambridge University Press online
2021-06-15
In October 1995, Berkeley Haas hosted a conference to celebrate the 20th anniversary of economist Oliver Williamson's landmark book “Markets and Hierarchies.” Revised versions of the papers presented at the conference were published the following year, edited by Prof. David Teece, the Thomas W. Tusher Professor in Global Business and faculty director of the Tusher Center for the Management of Intellectual Capital.
The balancing act
Moneyweb online
2021-06-08
How does a company move out of the paralysis and shock of the last year and into dynamic action to capitalize on opportunities? This article argues that leaders need to exercise their adaptive muscles by leaning into dynamic capabilities, a concept developed by David Teece, the Thomas W. Tusher Professor in Global Business and faculty director of the Tusher Center for the Management of Intellectual Capital. The term refers to to a company’s “ability to integrate, build and reconfigure internal and external competences to address rapidly changing environments.”
Institute for Technology and Innovation Foundation Panelists Defend Big Tech Against Antitrust Charges
Broadband Breakfast online
2021-06-07
People wrongly believe that major corporations succeed because they exercise monopoly power, said David Teece, the Thomas W. Tusher Professor in Global Business and faculty director of the Tusher Center for the Management of Intellectual Capital. “Big tech is profitable, but it’s not because of restraints on competition,” he said. “It is because of the very successful innovation-driven competition.”
It’s important to do the right things instead of doing things right
G7 (Hungarian) online
2021-03-27
In this video interview, David Teece, the Thomas W. Tusher Professor in Global Business and faculty director of the Tusher Center for the Management of Intellectual Capital, discussed everything from the potential of AI in management, his theory of dynamic capabilities, and what he feels is the point of higher learning in the business field.
Rebooting Digital Market Power
Corporate Policy International online
2020-12-14
David Teece, The Thomas W. Tusher Professor in Global Business and faculty director of the Tusher Center for the Management of Intellectual Capital, writes that innovation is critical for economic advancement and growth. Policy proposals that "fail to take into account the dynamic nature of the digital economy and the competition that flows from innovation may instead serve only to limit the potential for future disruptive innovation and dynamic competition in the European economy."
Corporations Must Do Their Part to Preserve Democracy
The New York Times online
2020-10-05
In this op-ed, David Teece, the Thomas W. Tusher Professor in Global Business and faculty director of the Tusher Center for the Management of Intellectual Capital, writes that corporations whose prosperity depends on liberal democratic institutions should reassess their strategic decisions to determine if they are, in any way, undermining those institutions. "This isn’t just about regulatory compliance— such as adhering to sanctions or money-laundering laws," he writes. "It’s about thinking ahead with a stewardship perspective and a deep care for democracy, open societies, justice and the rule of law. Other issues, except possibly those related to the environment, pale in significance."
5G in robotics to help humankind
la Repubblica online
2020-10-01
David Teece, The Thomas W. Tusher Professor in Global Business and CEO of the Berkeley Research Group, believes that by 2035, industries from retail, education, transportation, entertainment, and healthcare could produce up to $12.3 trillion in 5G-enabled goods and services. The increased demand for remote healthcare will create new jobs, lead to better management of health conditions such as infections, and reduce the cost of health services.
The switch to 5G wireless could shut down SOS buttons in millions of cars
Los Angeles Times online
2020-09-24
The transition to 5G may mean drivers will lose the onboard emergency-contact system in millions of cars. Yet the auto industry has had time to prepare for the change. In 2017, David Teece, the Thomas W. Tusher Professor in Global Business faculty director of the Tusher Center for the Management of Intellectual Capital, completed research that predicted that 5G will create a vast marketplace for an array of connected services, including in-car entertainment and self-driving vehicles.
Oliver Williamson, 87, Dies; Nobel Laureate Studied Organizations
The New York Times online
2020-05-27
Oliver Williamson, the Edgar F. Kaiser Professor Emeritus of Business, was teaching at Berkeley Haas in 2009 when he was awarded the Nobel Prize (shared with Elinor Ostrom). David Teece, the Thomas W. Tusher Professor in Global Business and faculty director of the Tusher Center for The Management of Intellectual Capital, said Williamson deepened economists’ understanding of complex organizations and their management. "Competition policy around the world was significantly revamped because of the insights he gave us into business behavior and complex contracting," he said.
Tomorrow is good: successful entrepreneurship in a meter-and-a-half economy
Innovation Origins online
2020-05-16
Prof. David Teece, Thomas W. Tusher Professor in Global Business and faculty director of the Tusher Center for the Management of Intellectual Capital, said successful entrepreneurship in a time of upheaval is like a three-stage rocket: sensing opportunities, seizing them, and transforming effectively.
Reforming Antitrust for Global Competitiveness
Competitive Enterprise Institute online
2020-03-27
Teece’s presentation complemented Portuese’s approach but targeted his own two critiques: Current antitrust approaches in both the U.S. and Europe are excessively static and focused on the short run and are insufficiently integrated with existing trade, industrial, and technology policy.
Despite the controversy, plenty of smaller tech startups work with ICE
Fast Company online
2019-10-04
David Teece, the founder of BRG, is a professor at the Walter A. Haas School of Business at the University of California-Berkeley. Somewhat surprisingly, BRG’s corporate consulting and federal contracts, including those with ICE, haven’t been actively criticized by students and faculty at the famously progressive university that serves as BRG’s namesake.
Scottish Scene: Economists’ declaration for ethics and democracy puts China to shame
The Times online
2019-07-07
The conference, run by Edinburgh Business School and University of California Berkeley’s Haas School of Business, attracted leading economists from the US and Europe. It ended with a Panmure House Declaration, signed by, among others, the economist John Kay and the historian Niall Ferguson.
Economists sign historic declaration on Smith principles
Daily Business online
2019-07-03
More than one hundred of the world’s leading economists and business leaders have signed a declaration echoing Adam Smith’s principles on the importance of liberal discussion and trade as set out in the Wealth of Nations nearly 250 years ago. It was signed at Smith's home in Edinburgh as the culmination of a two-day conference organized by Prof. David Teece, Thomas W. Tusher Professor in Global Business and Faculty Director of the Tusher Center for the Management of Intellectual Capital.
Selected Papers & Publications (12)
The role of emergence in dynamic capabilities: a restatement of the framework and some possibilities for future research
Industrial and Corporate Change
David J. Teece, Neil M. Kay, and Sohvi Leih
2018
Dynamic capabilities as (workable) management systems theory
Journal of Management and Organization
David J. Teece
2018
On the "non-discrimination" aspect of FRAND licensing: A response to the Indian Competition Commission's recent orders
IIMB Management Review
David J. Teece, Edward F. Sherry, and Peter C. Grindley
2017
A Capability Theory of the Firm: An Economics & (Strategic) Management Perspective
New Zealand Economic Papers (NZEP)
David J. Teece
2017
Business Models, Value Capture, and the Digital Enterprise
Journal of Organizational Design,
David J. Teece and Greg Linden
2017
Innovation Spillovers and the ‘Dirt Road’ Fallacy: The Intellectual Bankruptcy of Banning Optional transactions for Enhanced Delivery over the Internet
Journal of Competition Law & Economics
J. Gregory Sidak, David J. Teece
2010
Forward Integration and Innovation: Transaction Costs and Beyond
Journal of Retailing
David J. Teece
2010
Cross-border Market Co-creation, Dynamic Capabilities and the Entrepreneurial Theory of the Multinational Enterprise
Industrial & Corporate Change
David J. Teece, Christos N. Pitelis
2010
Introduction: on the Nature and Scope of Dynamic Capabilities
Industrial & Corporate Change
Valery S. Katkalo, Christos N. Pitelis, David J. Teece
2010
Dynamic Capabilities and Strategic Management: Organizing for Innovation and Growth
Oxford University Press
Dave J. Teece
2009
Teaching (2)
Management of Innovation and Change: Knowledge, Intellectual Capital and Competitive Advantage
MBA 290I.1
Technology Dynamics and Firm Strategy
PhD BA279C
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