What really gives a company an edge in a constantly changing world?
In this episode, I sit down with the legendary David Teece—the man behind the most cited paper on strategic management and the creator of the "Dynamic Capabilities" framework. But he's far more than an academic. David has built billion-dollar companies, challenged outdated economic models, and reshaped how we think about competitive advantage. We dive deep into how innovation, adaptability, and capabilities—not just cost efficiency—are the real drivers of enduring success.
You'll hear how David has simultaneously excelled in academia and business, what most economists get wrong about firms, and how his groundbreaking ideas help organizations not only survive disruption but thrive in it. Whether you're leading a startup or steering a global company, this conversation will open your mind to what truly powers sustainable growth.
Topics We Cover in This Episode:
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Why most strategy models miss the mark in today's innovation-driven world
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The hidden ingredient that allows companies to thrive amid uncertainty
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What "dynamic capabilities" really mean (and how to cultivate them)
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Why David Teece believes traditional economics failed to explain real business success
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The surprising link between academic theory and billion-dollar execution
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How to rethink competitive advantage when everything around you is shifting
If today's conversation sparked new ideas or challenged your thinking, dive deeper into David Teece's groundbreaking work by grabbing his book Dynamic Capabilities & Strategic Management: Organizing for Innovation and Growth on Amazon. And if you want to continue the discussion or explore collaboration opportunities, you can reach David directly at dteece@thinkbrg.com.
Resources Mentioned:
Purchase a Copy of Dynamic Capabilities & Strategic Management: https://a.co/d/g8Xo4uA
Connect with David at dteece@thinkbrg.com
Order your copy of Give to Grow
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