Annual Report 2010

Faculty & Research

The breadth and impact of research is evident in the awards won and the interests of newly appointed tenure-track faculty.

Faculty Awards

Awards for leadership, publications, teaching, contributions to academic fields and society at large—and even for a TV documentary—are among the accomplishments of faculty members in 2009–2010.

Awards received include:

Global Award for Entrepreneurship

Josh Lerner received the 2010 Global Award for Entrepreneurship Research, widely regarded as the world’s most prestigious prize in the field. In naming Lerner, the award committee cited him for synthesizing the fields of finance and entrepreneurship, and for his research in the areas of venture capital, venture capital-backed entrepreneurship, and entrepreneurial innovation. The committee also noted the impact of Lerner’s insights on public-policy measures that benefit society by creating new jobs, products, and services.

Kauffman Junior Faculty Fellowships in Entrepreneurship Research

William Kerr and Ramana Nanda each won a Kauffman Junior Faculty Fellowship. The Ewing Marion Kauffman Foundation, which supports entrepreneurship, presents the awards annually to tenured or tenure-track junior faculty members whose research is recognized for its potential to make significant contributions to the field.

Kerr, whose research focuses on entrepreneurship and innovation, works in areas including the role of immigrant scientists and entrepreneurs in U.S. technology development and commercialization, agglomeration and entrepreneurship, and entrepreneurial finance and angel investments.

Nanda’s research investigates the effect of the financial sector on innovation and entrepreneurship in the economy. He studies the role of financial intermediaries in the founding and growth of new ventures in a region, and how government policy toward the financial sector influences innovation, entrepreneurship, and productivity growth.

McKinsey Awards for Best Articles in Harvard Business Review

Gary Pisano, Willy Shih, and Clayton Christensen were honored with 2009 McKinsey Awards for the best articles published in Harvard Business Review. The annual awards are made by HBR and the consulting firm McKinsey & Company.

Pisano and Shih took first-place honors for “Restoring American Competitiveness,” in which they argue that U.S. companies were mistaken to outsource manufacturing based on the belief that it holds no competitive advantage.

Christensen and his coauthors, Jeffrey Dyer of Brigham Young University and Hal Gregersen of INSEAD, won the second-place award for “The Innovator’s DNA.”

New Faculty

Eight new members were named to the tenure-track faculty in FY10:

Douglas Fearing

Assistant Professor, Technology & Operations Management
Fearing studies techniques for evaluating and improving the performance of complex systems. Working primarily in the airline industry, Fearing has developed models and metrics to mitigate airport and airspace congestion. He earned his Ph.D. from the Massachusetts Institute of Technology.

Francesca Gino

Associate Professor, Negotiation, Organizations & Markets
Gino’s research focuses on judgment and decision-making, ethics, social influence, and creativity; and on the consequences of lapses in these areas for individual, group, and organizational outcomes. She holds a Ph.D. from the Sant’Anna School of Advanced Studies in Pisa, Italy, and was a postdoctoral fellow at HBS. Before returning to join the faculty, she taught at the University of North Carolina at Chapel Hill’s Kenan-Flagler Business School and at the Tepper School of Business, Carnegie Mellon University.

Shon Hiatt

Assistant Professor, Organizational Behavior
In his research, Hiatt investigates how social structure influences the adoption of novel techniques and organizational processes—and ultimately the development of new ventures—in contexts ranging from the U.S. biodiesel industry to entrepreneurship in developing economies. He received his Ph.D. from Cornell University.

Vineet Kumar

Assistant Professor, Marketing
Kumar focuses on the interface of marketing and technology, particularly on social network media. He analyzes consumers’ interpersonal behavior in the social network environment and its implications for developing new marketing strategies. Kumar earned his Ph.D. from the Tepper School of Business, Carnegie Mellon University.

Lakshmi Ramarajan

Assistant Professor, Organizational Behavior
Ramarajan’s research examines the management and consequences of identities—such as those of race, nationality, gender, or religion—in organizations, with particular attention to ways people can work productively across social divides. She received her Ph.D. from the Wharton School of the University of Pennsylvania and was a postdoctoral fellow at HBS from 2008 to 2010.

George Serafeim

Assistant Professor, Accounting & Management
Serafeim studies international capital markets with a focus on valuation, the information environment, and intermediaries while also pursuing a more recent interest in the social, environmental, and governance performance of firms. He earned his DBA from HBS.

Magnus Thor Torfason

Assistant Professor, Entrepreneurial Management
Torfason’s research interests center on how behavior is influenced by the social structures of individuals and organizations. In one of his primary research areas, he uses data from a large online video game to explore how social networks and group identities jointly affect adherence to informal societal rules and norms of behavior. Torfason received his doctorate from Columbia Business School.

Gwen Yu

Assistant Professor, Accounting & Management
In her research, Yu examines the ways in which accounting information affects various real economic outcomes—in particular, how accounting standards and corporate disclosures influence the capital allocation decisions of both managers and external investors. She earned her Ph.D. from the University of Michigan.

Multimedia Brings Cases to Life

MBA students and Executive Education participants are accustomed to consuming information in multimedia formats, which can be the best way to teach and learn certain kinds of material. HBS faculty members have been collaborating with the School’s Educational Technology Group to develop multimedia case studies. This latest innovation in the case method is far more than a video supplement or an online tool—rather, the primary learning is contained within the video elements themselves. Faculty report that multimedia cases provide students with deeper insights so that they more quickly reach a high level of analysis and dialogue in the classroom.

Paperless cases

Some of the newest multimedia cases are not accompanied by a paper case, although they do have a printable section containing exhibits and on-screen text. According to professor Michael Tushman, author of the paperless case on the athletic apparel company lululemon, “Students actually see the culture, see the energy, see the personality through the multimedia technology. For that kind of case, ‘lululemon’ is a real breakthrough.”

A Sampler

Leadership, Culture, and Transition at lululemon by Michael Tushman
Enterprise Risk Management at Hydro One by Anette Mikes
An Entrepreneur’s Journey: Simi Nwogugu by John Davis (with Research Associate Shirley Spence)
Burt’s Bees: Balancing Growth and Sustainability by Christopher Marquis