Text Box: Director of the Institute David Teece was recognized as the tenth most cited scholar worldwide in economics and business in a survey of highly cited research that was published in the November/December 2005 issue of Science Watch, a publication that tracks trends in basic research. Using figures from Essential Science Indicators, Thomson Scientific's web-based evaluation tool and database, Science Watch built a list of the most cited institutions, authors, and journals from 1995 to 2005. These rankings are based on papers published and cited in nearly 200 Thomson Scientific-indexed journals of business and economics. The journals represent the subfields of economics, finance, accounting, and management. Teece, who is also Tusher Professor of Global Business, was tenth on the list of most-cited authors with 897 citations in the ten-year period of the study. UC Berkeley ranked #7 in total citations. The most cited paper in the study was co-authored by Teece with then-Haas doctoral students Gary Pisano and Amy Shuen. The paper, "Dynamic Capabilities and Strategic Management" (Strategic Management Journal, 18 [7] 1997), has been cited more than 920 times in the Social Science

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David TeeceText Box: Oliver E. Williamson, a Haas School professor emeritus and longtime associate of the Institute, was honored last month as a 2007 Distinguished Fellow of the American Economic Association (AEA). The AEA bestows distinguished fellowships on no more than three economists of high distinction in the US and Canada each year. Past recipients of the AEA honor include Nobel Laureates Gerard Debreu, an emeritus professor of economics and mathematics at UC Berkeley, and the late John C. Harsanyi, a longtime professor at the Haas School and Berkeley's Department of Economics. Williamson's work explores how varying organizational structures for markets and institutions affect economic activity. His work, which blends social science with abstract economic theory, is said to have influenced everything from investment in Eastern Europe to human resource management in the technology industry. Williamson is the Edgar F. Kaiser Professor of Business Administration and a professor emeritus of business, economics, and law at Haas. He is the author of Markets and Hierarchies: Analysis and Antitrust Implications, which is considered an economics classic; and The Economic Institutions of Capitalism, which is said to be the most frequently cited work in social science research. Text Box: Prof. Williamson Honored as Distinguished Fellow by AEA

David Teece Named Tenth Most Cited Scholar in Business/Economics

Text Box: FOCUS on RESEARCH Text Box: In October 2006, the academic journal Research Policy published a special issue, Volume 35, Issue 8, commemorating the 20th Anniversary of David Teece's article, Profiting From Technology Innovation, (Research Policy, Volume 15, Issue 6, December 1986). This is the single most cited paper ever published by Research Policy, with 740 cites as of May 2007. From the special issue Introduction: “the importance of the paper extends beyond technology and innovation management to broader topics of business strategy, science and technology policy, and the theory of the firm…Teece left forever the relatively narrow confines of economic analyses of innovation, and forged a much broader, multidisciplinary approach to the study of innovation…he combines economics with organizations, technologies, intellectual property, and markets (or the lack thereof) for complementary assets.” A conference was held at the Haas School of Business on September 21, 2006, in which the special issue papers were presented, as well as special guest lectures by Dean Tom Campbell on “Innovation and the Law: The contributions of David Teece” and by David Teece on “Reflections on Profiting from Innovation.” Papers and panel topics included Economics and Innovation, Innovation and IP Protection, and extensions to Profiting from Innovation. Text Box: Special Journal Issue, Conference Honor Teece’s Seminal Profiting From Technology Innovation

Citation Index, explored a new framework for analyzing the sources and methods of wealth creation and capture by firms, which they called the "dynamic capabilities framework." Using this framework the authors concluded that strategizing against competitors is less effective than identifying and taking advantage of new opportunities.

In an updated report, Thomson In-Cites listed Dr. Teece as eight most-cited researcher in Business and Economics in May 2007, using a similar methodology.    For more information:  http://in-cites.com/top/2007/first07-eco.html

Institute Director
Dr. David Teece
David Teece

Visiting Scholar
Anne Koch from  the
University of Luneburg