Panel III – Sunday 6th December 14.00 – 15.30 CET
Topic: The evolution of resource-based theory
Moderator: Professor Hervé Dumez, Vice President Research
Jay B. Barney, Presidential Professor of Strategic Management and holds the Lassonde Chair of Social Entrepreneurship at the Eccles School of Business at The University of Utah.
Jay B. Barney
Jay B. Barney is a Presidential Professor of Strategic Management and holds the Lassonde Chair of Social Entrepreneurship at the Eccles School of Business at The University of Utah. He received his undergraduate degree from Brigham Young University and his master’s and doctorate from Yale University. After completing his education, Professor Barney joined the faculty at the Anderson Graduate School of Management at UCLA. He moved to Texas A&M University in 1986, The Ohio State University in 1994, and The University of Utah in 2012. He was a visiting scholar at INSEAD in 2016, and a visiting professor at the Said School of Business at Oxford University in 2017.
Professor Barney teaches strategic management to MBA and Ph.D. students at the University of Utah. He also has taught in a variety of executive training programs at the University of Utah, Ohio State, Texas A&M, UCLA, Southern Methodist University, Texas Christian University, the University of Michigan, Bocconi University (in Milan, Italy), and for the consulting firm McKinsey and Company. Professor Barney received the George Robbins Teaching Award at UCLA in 1983, the Association of Former Students’ Distinguished Teaching Award at Texas A&M in 1992, and various MBA, Ph.D., Executive MBA teaching awards at Ohio State in 1995, 1996, 1999, 2000, 2001, and 2004, and was nominated for a university teaching award at the University of Utah in 2016.
Professor Barney’s research focuses on the relationship between firm resources and capabilities and sustained competitive advantage. He has published over 100 articles in a variety of journals, including the Academy of Management Review, the Strategic Management Journal, Management Science, the Journal of Management, the Harvard Business Review, and the Sloan Management Review. He has been on the editorial boards at the Academy of Management Review and the Strategic Management Journal, has been Associate Editor at the Journal of Management, senior editor at Organization Science, Co-Editor at the Strategic Entrepreneurship Journal, and until July 1, 2020, he served as the editor-in-chief of the leading theory journal in the field of management, the Academy of Management Review. Professor Barney has also delivered scholarly papers at the Harvard Business School, the Wharton School of Business, the University of Michigan, Northwestern University, The London Business School, and at over seventy other universities throughout the world, and has published six books: Organizational Economics (with William G. Ouchi), Managing Organizations: Strategy, Structure, and Behavior (with Ricky Griffin), Gaining and Sustaining Competitive Advantage (now in its fourth edition), Strategic Management and Competitive Advantage (with Bill Hesterly, now in its sixth edition), Resource-based Theory (with Delwyn Clark), and What I Didn’t Learn in Business School: How Strategy Works in the Real World (with Trish Clifford).
Professor Barney has won numerous awards for his research. In addition to holding honorary appointments at universities in New Zealand, the United Kingdom, and China, he has received three honorary doctorate degrees—at the University of Lund (in Sweden), at the Copenhagen Business School, and at the Universidad Pontificia Comillas (in Madrid, Spain). He won the Irwin Outstanding Educator Award for the Business Policy and Strategy Division of the Academy of Management in 2005, has been elected as a Fellow of both the Academy of Management and the Strategic Management Society, and in 2010 received the Academy of Management Award for Outstanding Scholarship, the highest award for research achievement in the field of management. In 2017, he won the Eccles School of Management outstanding research award, followed by the Penrose Award for Pathbreaking Management Research (European Academy of Management, 2019), the CK Prahalad Scholar-Practitioner Award (Strategic Management Society, 2019), the Foundational Paper Award (Entrepreneurship Division of the Academy of Management, 2019), the John Fayerweather Eminent Scholar Award (Academy of International Business, 2020), and the Distinguished Scholarship Award (Strategic Management Division of the Academy of Management, 2020).
Professor Barney has consulted with a wide variety of public and private organizations, including Westinghouse Electric, the Masonite Corporation, McDonnell-Douglas, Wells Fargo Bank, Honeywell, Mead, Hewlett-Packard, Texas Instruments, Tenneco, Arco, Koch Industries Inc., Nationwide, The Columbus Public Schools, The Ohio State University Medical Center, Lancaster Colony Corporation, Bob Evans Restaurants, R.G. Barry and Company, and others. His consulting focuses on implementing strategy and strategy implementation. Professor Barney has also served on advisory boards for several privately held companies, and on the board of directors for one publicly traded firm.
Professor Barney is married (Kim), has three children, and twelve grandchildren.
Bhidé will teach a new elective course, ‘Lessons from Transformational Medical Advances,’ at the Harvard Business School in Spring 2021. The elective draws on his ongoing research on the nature and development of practical knowledge (including medical advances).
Previously the Laurence D. Glaubinger Professor of Business at Columbia University, Bhidé has has been studying innovation and entrepreneurship for more than thirty years . He served on the faculties of Harvard Business School (from 1988 to 2000) and the University of Chicago’s Booth School of Business. A former Senior Engagement Manager at McKinsey & Company and proprietary trader at E.F. Hutton, Bhidé served on the staff of the Brady Commission which investigated the stock market crash of 1987.
Bhidé is a founding member of the Center on Capitalism and Society and spearheaded the launch of its journal, Capitalism and Society in 2005 which he edited (with Prof. Edmund Phelps) until 2017. He is also a member of the Council on Foreign Relations and a Fellow of the Royal Society of Arts (RSA). He was appointed to a non-executive directorship of the Scottish Mortgage Investment Trust (an FTSE 100 company that invests in high tech companies mainly in the US and China) in May 2020, His 2008 book, The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World, (Princeton University Press) won the Association of American Publishers’ PROSE Award for Professional and Scholarly Excellence in Business, Finance, and Management, and was in the “Best of 2008” lists of the Economist, BusinessWeek and Barrons. Bhidé’s 2000 book, The Origin and Evolution of New Businesses (Oxford University Press) has been translated into Spanish, Chinese and Tibetan. He is also author of A Call for Judgment: Sensible Finance for a Dynamic Economy (Oxford 2010) and Of Politics and Economic Reality (Basic Books 1984).
His ten Harvard Business Review articles — the first published in 1982 — include “Hustle as Strategy” (1086), “Bootstrap Finance: the Art of Start-ups (1992),””How entrepreneurs craft strategies that work (1994),” and “The Judgment Deficit” (2010). His work on financial markets and governance includes “The Hidden Costs of Stock Market Liquidity” in the Journal of Financial Economics. He has written numerous articles, dating back to 1981 in the Wall Street Journal, the Financial Times, The New York Times, Quartz, Project Syndicate, Bloomberg Opinion, POLITICO Europe, BusinessWeek, Forbes, and The LA Times.
Bhidé earned a DBA (1988) and an MBA with high distinction as a Baker Scholar (1979) from Harvard. He received a B.Tech from the Indian Institute of Technology in 1977.