OnDemand Webinar: Dynamic Capabilities as the New Board & Executive Strategy
The current economic era demands a focus on companies’ continuing commitment to change. Rather than slowing down in the post-pandemic world, change is picking up speed and becoming a constant. To survive, your organization needs a strategy and a management model that can adapt and flex with the pace of change, rather than being disrupted. Leading companies such as Haier, GE Appliances, Google, Microsoft, and many more now state: Not developing is the biggest risk!. They all identify three elements to change which the company must excel at, and manage: understanding change, mobilizing to change and transforming to change. In other words, every company has to develop, and be excellent on executing Dynamic Capabilities- and this should be a strategic focus for Board of Directors.
Professor David Teece, is a New Zealand-born US-based organizational economist and the Professor 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. Professor Teece is also the executive chairman and cofounder of Berkeley Research Group, an expert services and consulting firm headquartered in Emeryville, California.
In 2002, Accenture listed Teece among its Top 50 Business Intellectuals worldwide. In 2020, Teece was saluted ‘Distinguished Management Thinker’ by Thinkers50. He was recently rated #1 worldwide in management and was given Clarivate Laureate in economics (for innovation, entrepreneurship, and competition) status this year based on the recognition he has received in the scientific literature. 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. Teece is identified as being the originator (with two of his grad students) of the dynamic capabilities perspective in strategic management.
Dr. Teece has over thirty years of experience as an active consultant performing economic, business, and financial consulting services to businesses and governments around the world. He has worked on matters in industries ranging from music recording to semiconductors, automobiles, software, and petroleum, and has testified in both federal and state court, before Congress, and before the Federal Trade Commission, as well as in several international jurisdictions.
Dr. Teece has a PhD in economics from the University of Pennsylvania and has held teaching and research positions at Stanford University and Oxford University. He has received honorary doctorates from eight institutions.