David Teece - Economist

David Teece is an influential economist known for his work in the fields of business strategy and innovation. He developed the concept of "dynamic capabilities," which describes how organizations can adapt to changing environments by integrating resources, skills, and knowledge. Teece's research emphasizes the importance of innovation and strategic management in gaining and sustaining competitive advantage. He has also contributed to understanding the role of intellectual property in fostering innovation. His ideas are widely applied in both academic research and practical business strategy, making significant impacts on how companies operate in a rapidly evolving market.