Carliss Y. Baldwin

William L. White Professor of Business Administration

Carliss Y. Baldwin is the William L. White Professor of Business Administration at the Harvard Business School. She studies the process of design and its impact of design architecture on firm strategy, platforms, and business ecosystems. With Kim Clark, she authored Design Rules, Volume 1: The Power of Modularity. Her work has been published in a variety of leading journals including Strategic Management Journal, Organization Science, Management Science, Research Policy and Harvard Business Review. She has won numerous awards for research: most recently, she received a Doctor honoris causa from the Technical University Munich in 2014, and in 2015 was named the Distinguished Scholar of the Technology and Innovation Management (TIM) division of the Academy of Management.

Carliss has a Doctorate and MBA from Harvard Business School, and an SB in Economics from MIT. She studied finance under Robert C. Merton, Franco Modigliani, and John Lintner.

At Harvard Business School, she developed and taught Mergers & Acquisitions, a second-year elective MBA course, and presently teaches Finance 2, a first-year required course. She has written over 50 cases and notes for MBA and executive classes. In 2014, her case on Roche’s Acquisition of Genentech was named the best case in Finance, Accounting and Control by the Case Centre.

Also at Harvard Business School, she has been a Director of Research, Senior Associate Dean for Faculty Planning, and head of the Doctoral Programs at Harvard Business School. Within Harvard University, she has been on the Visiting Committee of the Harvard Graduate School of Design and Chair of the Advisory Committee on Social Responsibility. She has served on numerous corporate and non-profit boards.

  1. Winner of the 2015 Case Centre Award in the Finance, Accounting and Control category for “Roche’s Acquisition of Genentech” with Bo Becker and Vincent Dessain (HBS Case 210-040).

  2. Awarded an Honorary Doctorate from the Technische Universität München (TUM) in 2014.

  3. Winner of the 2015 Distinguished Scholar Award from the Technology and Innovation Management Division of the Academy of Management.

  4. In 2012, "Where Do Transactions Come From? Modularity, Transactions, and the Boundaries of Firms" (2008) was selected as one of the Best Twenty Articles from First Twenty Years of Publication, Industrial and Corporate Change, 1992-2011.

  5. Received the 2008 Distinguished Speaker Award from the Technology Management Section of INFORMS.

  6. Winner of the 2007 University of Vienna Best Paper Award for "How User Innovations Become Commercial Products: A Theoretical Investigation and a Case Study" with Christoph Hienerth and Eric von Hippel (Research Policy, 2006).

  7. Winner of the Newcomen-Harvard Award for Best Paper Published in the Business History Review in 1994 for "Capital Budgeting Systems and Capabilities Investments in U.S. Companies after World War II" (with Kim B. Clark, spring 1994).