Dr. David Y. Choi has had an active career as an academic, consultant and entrepreneur over the last 20 years. Dr. Choi has been a faculty member at LMU since 2003 and is director of the nationally-ranked Fred Kiesner Center for Entrepreneurship. He has taught undergraduate and MBA courses in entrepreneurship, entrepreneurial finance, social entrepreneurship and technology management at LMU as well as other institutions around the world including Peking University and Korea University. Dr. Choi is a winner of a national teaching award from the United States Association of Business and Entrepreneurship (USABE). He has been featured or quoted in many business publications, including The Wall Street Journal, Los Angeles Times, Fortune, Los Angeles Business Journal and Business2.0, among others. Dr. Choi has started, run, or owned businesses in several industries including biotechnology, software, financial services, and foods.
University of California at Los Angeles: Ph.D., Management 1997
University of California at Berkeley: MS, Industrial Engineering 1990
University of California at Berkeley: B.Sc., Industrial Engineering 1989
Areas of Expertise (8)
Industry Expertise (6)
Innovative Pedagogy for Entrepreneurship Education Award (professional)
Innovative Pedagogy for Entrepreneurship Education Award by the United States Association of Business and Entrepreneurship (USABE)
Media Appearances (4)
How we chose 2017's most disruptive innovators
CNBC's Disruptor 50 Advisory Council — a group of 39 leading thinkers in the field of innovation and entrepreneurship — then ranked the quantitative criteria by importance in ability to disrupt established industries and public companies. This year the council found that scalability and user growth were the most important criteria, and these categories received the highest weighting.
High schoolers can't bank on their knowledge of money matters. These educators want to change that
Los Angeles Times online
Loyola Marymount University in Los Angeles is trying to help, offering financial literacy “boot camps” for high school students.
Palos Verdes High dropout-turned-millionaire Justin Yoshimura helps Loyola Marymount entrepreneurs
Daily Breeze online
Justin Yoshimura dropped out of high school, became an entrepreneur, and now is CEO of 500friends, a service that helps small online retailers.
Southern California universities foster student innovation with tech incubators
Daily Breeze online
As young entrepreneurs in Los Angeles’ tech community continue to grab headlines with their multimillion-dollar companies, universities in Southern California are creating programs that cater to the new American Dream: launch a startup, disrupt an industry, change the world.
Research Focus (1)
Novica: Arts and Crafts of Social Venturing
This case discussed an innovative for-profit social venture that connects talented artisans in developing nations with customers worldwide. Though raised in the US, co-founders and lifelong friends Roberto Milk, Andy Milk, and Charles Hachtmann have always been exposed to global influences. All three grew up with family from other countries. All three traveled a great deal in their youth. All three were multilingual. Similarly, all three were surrounded by people whose life mission was to make a positive social contribution. When Roberto meets his future mother-in-law, Armenia Nercessian de Oliveira, a professor and UN employee who has dedicated her life to helping others across the globe, the stage is set to launch NOVICA. While Roberto has an entrepreneurial vision about which he is passionate, he is also a thoughtful and patient leader. With NOVICA, he first builds, over the course of a decade, an executive team composed of his family and friends; then develops the most critical operational components of the organization; and finally scales the business to profit. The case ends with Roberto and his team facing a critical decision about how at last to propel the company from slow to rapid and substantial growth. By 2009, NOVICA has reached $15 million in annual revenue, helped better the lives of more than 75,000 artisans and their dependents worldwide, and retained the tight-knit founding team of its earliest days. The founders, however, want NOVICA to be a truly global presence, offering help in new parts of the world, in new ways - bringing in $100 million annually and benefiting at least 1,000,000 people. The case allows students to explore the role of profit and the centrality of sound business fundamentals in the context of doing good. It also motivates consideration of the prerequisites for and possible paths to organizational growth - asking what criteria should be considered in making growth decisions and what sorts of growth strategies are appropriate.
We examine the relationships and intervening mechanisms between founding CEOs' transformational/transactional leadership and the innovative behaviour of managers. We develop and test our hypotheses on a sample of 39 participating CEOs and 105 managers with the use of a multilevel structural equation model. The results show that both transformational and transactional leadership on the part of the CEO relate positively to managers' innovative behaviour. We also discover that firm's innovative climate mediates the relationship between transformational leadership and innovative behaviour. However, we fail to find the mediating effect of innovative climate between transactional leadership and innovative behaviour. Our findings contribute to an improved understanding of how founding CEOs' different leadership styles affect employees' innovative behaviour in start-ups and to what extent the innovative climate influences the relationship.
Do entrepreneurial companies make responsible corporate citizens? In this paper, we examine the relationship between companies' entrepreneurial orientation and their corporate citizenship. An empirical study consisting of 261 South Korean firms reveals that entrepreneurial orientation does not have direct causal effect on corporate citizenship. Analysis also shows that market orientation has full mediation effect between entrepreneurial orientation and corporate citizenship. The findings indicate that entrepreneurial companies may indeed act more responsibly if they are also market oriented. Practical implications are discussed.
Entrepreneurial intent and subsequent activity are increasingly recognized as vital to economic viability and growth, and particularly worthy of considerable support and resource investment in education and economic policy
We analyze the relative performance of Asian American-founded ventures (relative to those founded by non-Asian American or “mainstream” entrepreneurs) in terms of time-to-IPO, market valuation at IPO, and post-IPO performance.
This case presents the story of Homeboy Industries, which was founded by Father Greg Boyle, S.J. to offer employment opportunities to former gang members in East Los Angeles. Homeboy Industries has successfully launched several businesses to hire and train “homies” who otherwise may not have found jobs. Michael Baca, the new operations director, is faced with the decision of whether to pursue expansion of the promising merchandising division. Complicating the decision is the need to balance both the social and business objectives of Homeboy Industries while dealing with the organization's extreme shortage of managerial and financial resources. This depiction of an unusual entrepreneurial environment also illustrates several organizational challenges and philosophical dilemmas that are common among social ventures.
This explorative paper examines the impact of online piracy on innovation and the creation of new, legitimate businesses. While viewed only as a legal matter, online piracy has shown to be an important source of technological and strategic innovation to both industry incumbents and newcomers.