Peter G. Klein, Ph.D.

Professor of Entrepreneurship Baylor University

  • Waco TX

Expert economist specializing in managerial & organizational issues, with a particular focus on entrepreneurship & innovation

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Baylor Entrepreneurship Expert Quoted in Atlanta Journal-Constitution Column Re: Trump's Management Style

This column by The Atlanta Journal-Constitution columnist Matt Kempner quotes business expert Peter Klein, Ph.D., professor of entrepreneurship in Baylor’s Hankamer School of Business and Senior Research Fellow with Baylor's Baugh Center for Entrepreneurship and Free Enterprise. Kempner asked several business and management professors to discuss President Trump’s management style. Klein said Trump's "style and manner is the dramatic departure from predecessors, not so much his policy." And regarding the differences in government versus business? “I understand the wish to make agencies more efficient,” Klein said. “But at the end of the day, government organizations are not like businesses.” ABOUT PETER KLEIN Peter G. Klein is Professor of Entrepreneurship at the Hankamer School of Business, Baylor University, and Senior Research Fellow with Baylor's Baugh Center for Entrepreneurship and Free Enterprise. His research focuses on the links between entrepreneurship, strategy, and organization, with application to innovation, diversification, vertical coordination, health care, and public policy. Source:

Peter G. Klein, Ph.D.

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Biography

Peter G. Klein is Professor of Entrepreneurship at the Hankamer School of Business, Baylor University, and Senior Research Fellow with Baylor's Baugh Center for Entrepreneurship and Free Enterprise. He is also Adjunct Professor of Strategy and Management at the Norwegian School of Economics and Carl Menger Research Fellow at the Mises Institute. Peter has also held faculty positions at the University of Missouri's Division of Applied Social Science and Truman School of Public Affairs, the Copenhagen Business School, the University of Georgia’s Terry College of Business, and Washington University’s Olin Business School, and he holds an Honorary Professorship at the Beijing University of Information Science and Technology. He was formerly a Senior Economist at the Council of Economic Advisers. He holds a PhD in economics from the University of California, Berkeley and a BA from the University of North Carolina, Chapel Hill.

Peter’s research focuses on the links between entrepreneurship, strategy, and organization, with application to innovation, diversification, vertical coordination, health care, and public policy. His work has appeared in Organization Science, Academy of Management Review, Rand Journal of Economics, Strategic Entrepreneurship Journal, Journal of Management, Managerial and Decision Economics, Journal of Industrial Economics, Sloan Management Review, and other outlets. Peter’s 2012 book Organizing Entrepreneurial Judgment (Cambridge University Press, with Nicolai Foss) received the 2014 Best Book Award from the Foundation for Economic Education. He has also received Best Paper awards from the Journal of Private Enterprise Education and the European Management Review. His work has been funded by the National Science Foundation, the Kauffman Foundation, the Mises Institute, the Illinois-Missouri Biotechnology Alliance, and other organizations.

Areas of Expertise

Entrepreneurship
Innovation
Public Policy

Accomplishments

Brent Clum Outstanding Research Award

Awarded by the Hankamer School of Business

Best Book Award

Awarded by the Foundation for Economic Education

Best Paper Award

Awarded by the Association of Private Enterprise Education

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Education

University of California, Berkeley

Ph.D.

Economics

1995

University of North Carolina at Chapel Hill

A.B.

Economics

1988

Media Appearances

Middle managers embrace wokeness because it increases their influence and job security, new paper says

Forbes  online

2023-02-08

A new paper by Nicolai Foss, Ph.D., a strategy professor at Copenhagen Business School, and Peter Klein, Ph.D., professor and chair of entrepreneurship and corporate innovation at Baylor, suggests that middle managers might be using “wokeness” to climb the ladder at work and keep their jobs during tough times.

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Rethinking Hierarchy

MIT Sloan Management Review & Report  online

2023-01-25

This article is adapted from the book, “Why Managers Matter: The Perils of the Bossless Company,” by Nicolai J. Foss and Peter G. Klein, Ph.D., professor and chair of entrepreneurship at Baylor. In redesigning managerial authority and hierarchy for the 21st century, leaders must realize that they don’t need to know everything, but only just enough, and they need to consider what their employees want and think is fair in designing structures and systems.

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Can bossless management work?

Strategy + Business  online

2023-01-10

In their book, “Why Managers Matter,” Nicolai Foss, Ph.D., a strategy professor at the Copenhagen Business School, and Peter Klein, Ph.D., The W.W. Caruth Chair and professor of entrepreneurship at Baylor’s Hankamer School of Business, examine the various iterations of manager-free organizations and conclude that “Bosses matter, not just as figureheads but as designers, organizers, encouragers, and enforcers.”

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Articles

Private Equity and Asset Characteristics: The Case of Agricultural Production

Managerial and Decision Economics

2014

Unlike most other mature industries, family firms, partnerships, and cooperatives dominate the agricultural production sector, with few corporations and limited access to capital derived from a source other than retained earnings and existing owners. However, the use of external equity capital in agriculture has increased dramatically since 1990. This funding source allows farms to exploit entrepreneurial opportunities not easily financed by debt. Following O. Williamson, we view debt and equity as alternative governance structures and argue that transaction ...

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Analyzing Government Decision Making in the South African Biofuels Industry: a Game Theoretic Approach

Biofuels

2014

The production of biofuels in many countries is largely driven by the government strategy and incentives that are in place. In South Africa the first round of the development of such a draft strategy took place in 2005, with the official stance on biofuels finalized in December 2007. During the policy-development process, various governmental departments had strategic goals and targets that they were all required to achieve. The achievement of these strategic targets and goals is risky and the various departments that have some form of involvement in the biofuels industry ...

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Capabilities and Strategic Entrepreneurship in Public Organizations

Strategic Entrepreneurship Journal

2013

Public organizations are relatively understudied in the strategic entrepreneurship literature. In this article, we submit that public organizations are usefully analyzed as entities that create and capture value in both the private and public sectors and that a capabilities lens sheds important new insights on their behavior. As they try to create and capture value, public organizations can act entrepreneurially by creating or leveraging bundles of capabilities, which may then shape subsequent entrepreneurial action. Such processes can involve complex interactions among public and ...

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