david j. teece · r-squared? endogeneity? identification? egad! weak definitions ... daring and...
TRANSCRIPT
![Page 1: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/1.jpg)
2016 CCC FACULTY DAY IN HONOR OF
DAVID J. TEECE
![Page 2: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/2.jpg)
THE STANFORD YEARS
OLLIE’S BOY
![Page 3: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/3.jpg)
DAVID’S DIVERSIFICATION
ENTREPRENEUR, EXPERT, VINTNER, REAL ESTATE MOGUL
![Page 4: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/4.jpg)
DYNAMIC CAPABILITIES
1997
![Page 5: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/5.jpg)
DAVID BECOMES ROCK STAR
1997
![Page 6: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/6.jpg)
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?
1
2
3
![Page 7: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/7.jpg)
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
1
2
3
![Page 8: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/8.jpg)
PANEL YEARS
TALKING ABOUT DYNAMIC CAPABILITIES
![Page 9: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/9.jpg)
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
1
2
3
![Page 10: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/10.jpg)
EXPLICATING DYNAMIC CAPABILITIES
2007
![Page 11: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/11.jpg)
DAVID TAKES IT TO ANOTHER LEVEL
2007
![Page 12: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/12.jpg)
STILL
No data
Who needs them?
Weak definitions
Always kind of sketchy
Modest grasp of the literature
Who has time?
1
2
3
![Page 13: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/13.jpg)
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
1
2
3
![Page 14: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/14.jpg)
NOT EXACTLY
The Pope
![Page 15: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/15.jpg)
NOT EXACTLY
Warren Buffet
![Page 16: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/16.jpg)
BUT RATHER DAVID IS A MASTER
EXTRAORDINARY VISION
DEEP UNDERSTANDING OF DYNAMIC
MARKETS, TECHNOLOGY, AND
ORGANIZATION
DARING AND TENACITY
1
2
3
![Page 17: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/17.jpg)
No surpr ise - DAVID AT THE TOP
CONGRATUTLATIONS
A truly amazing career!
![Page 18: DAVID J. TEECE · R-squared? Endogeneity? Identification? Egad! Weak definitions ... DARING AND TENACITY 1 2 3 . No surprise - DAVID AT THE TOP CONGRATUTLATIONS A truly amazing career!](https://reader033.vdocuments.mx/reader033/viewer/2022052021/603683abbe2a7337950ad11a/html5/thumbnails/18.jpg)
“Simplicity is the
ultimate sophistication.”
— LEONARDO DA VINCI