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2016 CCC FACULTY DAY IN HONOR OF
DAVID J. TEECE
THE STANFORD YEARS
OLLIE’S BOY
DAVID’S DIVERSIFICATION
ENTREPRENEUR, EXPERT, VINTNER, REAL ESTATE MOGUL
DYNAMIC CAPABILITIES
1997
DAVID BECOMES ROCK STAR
1997
DYNAMIC CAPABILITIES
No data
R-squared? Endogeneity? Identification? Egad!
Weak definitions
What are dynamic capabilities, anyway?
Modest grasp of the literature
A few economics favorites, really?
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3
DYNAMIC CAPABILITIES
Years in the making
7 year SMJ review process!
A hit before it was published
Dynamic capabilities captures the imagination of strategy
scholars looking for a new and more valid vision
Stunning success!
Rocked the strategy world
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PANEL YEARS
TALKING ABOUT DYNAMIC CAPABILITIES
SHARING THE DIAS WITH DAVID
OT empirical meets econ theoretical
Hard to disagree
Gracious and charming
Always appreciative of the others and their ideas
Invariably on message
Sensing, seizing, and so on
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EXPLICATING DYNAMIC CAPABILITIES
2007
DAVID TAKES IT TO ANOTHER LEVEL
2007
STILL
No data
Who needs them?
Weak definitions
Always kind of sketchy
Modest grasp of the literature
Who has time?
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BUT A TOUR D’FORCE – DAVID’S BEST
Range of significant topics
Incredible diversity of thought – Biz models, ecosystems,
cognition, boundaries, TCE, etc. etc. – opens the door to so
many research possibilities
Integration of ideas
Bringing it all together into a “vision” of the entrepreneurial firm
Boldness
“Take-down” of strategy status quo - 5 forces and RBV – and
shaping the new
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3
NOT EXACTLY
The Pope
NOT EXACTLY
Warren Buffet
BUT RATHER DAVID IS A MASTER
EXTRAORDINARY VISION
DEEP UNDERSTANDING OF DYNAMIC
MARKETS, TECHNOLOGY, AND
ORGANIZATION
DARING AND TENACITY
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No surpr ise - DAVID AT THE TOP
CONGRATUTLATIONS
A truly amazing career!
“Simplicity is the
ultimate sophistication.”
— LEONARDO DA VINCI
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