Teece (University of California, Berkeley)

David J. Teece, affiliated with the University of California, Berkeley, is a renowned economist and management scholar best known for his work on how firms innovate and compete. His research emphasizes the importance of dynamic capabilities—an organization's ability to adapt, learn, and reconfigure resources in shifting markets. Teece's frameworks help explain why some companies outperform others by effectively sensing opportunities, seizing them, and transforming their operations. His insights are widely used by businesses and policymakers to understand competitive advantage, innovation strategies, and the importance of organizational agility in a rapidly changing economic environment.