David J. Teece is the Tusher Professor of Global Business at the Haas School of Business, University of California, Berkeley and Director of the Institute for Business Innovation. He received his BA and MComm (Hons1) at the University of Canterbury and his Ph.D. in economics from the Wharton School at the University of Pennsylvania. He teaches at the M.B.A., Ph.D. and executive levels. He is also Chairman of Berkeley Research Group, a global expert services and consulting firm which under Teece’s leadership grown in three years to over 600 employees and over 20 offices worldwide. Dr. Teece is one of the top 10 most cited scholars in business and economic; he is also the author of several of the most cited papers in business and economics. He has authored over 23 books and his work has been translated in Spanish, French, Italian, Russian and Japanese. He has honorary doctorates from four universities outside the U.S. Dr. Teece was recognized by Accenture in 2002 as one of the top 50 Living Business Intellectuals.