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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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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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