David Teece

David Teece is an influential economist known for his work on innovation, management, and business strategy. He introduced the concept of "dynamic capabilities," which refers to a company's ability to adapt, integrate, and reconfigure its resources to meet changing market conditions. Teece's research highlights the importance of leveraging knowledge and technology to maintain competitive advantage. His ideas have impacted how businesses approach innovation and strategic management, emphasizing that success hinges not just on resources but on the ability to innovate and respond to challenges in dynamic environments.