Teece, David J. (Economist)

David J. Teece is a renowned economist and scholar focusing on innovation, business strategy, and how companies succeed in competitive markets. He is best known for developing the "dynamic capabilities" framework, which explains how firms adapt, innovate, and sustain competitive advantages in rapidly changing environments. His work highlights the importance of organizational skills, strategic decision-making, and the ability to develop new technologies and business models. Teece's insights are influential in understanding how industries evolve and how companies can effectively respond to technological shifts and market shifts.