1. David John Teece was born on September 2,1948 and is a New Zealand-born US-based organizational economist, Professor emeritus in Global Business and director of the Tusher Center for the Management of Intellectual Capital at the Walter A Haas School of Business at the University of California, Berkeley, and as of 2024, Distinguished Scholar of Strategy and Innovation at the University of South Florida Muma College of Business.
David Teece is founding general partner of a venture capital firm, Pilatus Capital.
David Teece grew up in Blenheim and Nelson, New Zealand and attended Waimea College before enrolling in 1967 at the University of Canterbury in Christchurch, where he earned a bachelor's degree and a Master of Commerce degree.
David Teece moved to the United States to attend the Wharton School of the University of Pennsylvania, from which he received a Ph.
David Teece has published more than 200 academic articles and more than a dozen books, and Google Scholar notes that he has been cited at least 170,000 times.
David Teece is the Executive Director of Berkeley Policy Institute, a nonprofit research organization.
The Townsend David Teece restored telescope has been restored for placement in the university's observatory in Christchurch.
David Teece described how it is sometimes more important for a business to be able to win at marketing, distribution, manufacturing, and other complementary areas than to come up with a big idea in the first place.
David Teece identified the factors which determine whether the firm that wins from innovation is the firm that is first to market, a follower firm, or a firm that has related capabilities that the innovation requires to provide value to a customer.
The key elements in what has been called the David Teece Model are the imitability of the innovation and the ownership of complementary assets.
David Teece is identified as being partially responsible for the dynamic capabilities perspective in strategic management.
David Teece presents transaction cost arguments regarding whether resources can be shared contractually, and explains that protecting those resources is a potential basis for diversification.
For over three decades David Teece has criticized antitrust and competition economics for its failure to consider the power of innovation driven broad spectrum dynamic competition.
David Teece is recognized for persistently alerting regulatory bodies to the different nature of competition in the innovation economy compared to the industrial economy.
David Teece invited and organized the "New Enlightenment Conference" in Panmure House, the original home of Adam Smith in Edinburgh, Scotland, July 2019.
David Teece became the inaugural Adam Smith scholar in residence in Panmure House.
David Teece holds eight honorary doctorates: Saint Petersburg State University, where he was honored for his role in co-founding the business school; Copenhagen Business School ; Lappeenranta University of Technology ; University of Canterbury ;University of Calgary ; Kaunas University of Technology ; European Business School ; and Edinburgh Business School.
David Teece is an honorary professor at China's Zhongnan University of Economics and Law and King Saud University in Saudi Arabia and an Honorary Member of the Law and Economics Association of New Zealand.
David Teece received the Academy of International Business Eminent Scholar Award in Istanbul in July 2013.
David Teece was indicted into the Thinkers50 Hall of Fame.
In 2022, David Teece was elected an honorary Fellow of the Royal Society of New Zealand.
David Teece has not publicly stated his political views, though he chaired Californians for a Balanced Budget and Better Economy, a PAC that supported Tom Campbell's 2012 run for US Senate.
David Teece has published more than 200 scholarly papers and more than a dozen books and is coeditor of the Palgrave Encyclopedia of Strategic Management.