HARVARD BUSINESS SCHOOL PROFESSOR AWARDED KAUFFMAN PRIZE MEDAL
Toby E. Stuart is recognized for pioneering research in entrepreneurship
BOSTON - Harvard Business School Professor Toby Stuart, an expert in the field of organizational psychology, has won the 2007 Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship. The medal, which includes a $50,000 cash award, is given every two years to one scholar under the age of 40 whose body of research has made a significant contribution to the field of entrepreneurship.
Stuart was recognized for his pioneering work on the dynamics of social networks and their effects on entrepreneurship. His research proves that successful entrepreneurs need more than good ideas and intelligence. They also need to be perceived positively in their networks.
“Social and industrial networks shape fundamental individual and firm outcomes in technology-intensive industries,” Stuart said. “Many of the core elements of the entrepreneurial process are dependent on the individual or firm's positions in a social network.”
“Established in 2005, the Kauffman Prize Medal underscores the importance of scholarly research in entrepreneurship as we continue to better understand the field,” said Carl Schramm, president and CEO of the Kauffman Foundation, which is based in Kansas City, Missouri.
Stuart accepted the award on Aug. 14 at the Academy of Management annual meeting in Atlanta. “I am pleased to be honored for my work and receive this award from the Kauffman Foundation,” he said.
Harvard Business School offered the first graduate school course in entrepreneurship in 1947. Today, more than 30 faculty members, based in the Arthur Rock Center for Entrepreneurship,teach and do research in this area. About half of the School’s MBA graduates describe themselves as entrepreneurs.
About Harvard Business School
Founded in 1908 as part of Harvard University, Harvard Business School (www.hbs.edu) is located in Boston and offers full-time programs leading to the MBA and doctoral degrees, as well as more than 40 Executive Education programs. With a faculty of more than 200 distinguished scholars, the School is dedicated to educating leaders who make a difference in the world. Its core focus is to shape the practice of business, build enduring knowledge, and effectively communicate important ideas. Harvard Business School is the world’s largest producer of business cases, a method of teaching pioneered by the School in the 1920s.
About The Kauffman Foundation
The Ewing Marion Kauffman Foundation of Kansas City is a private, nonpartisan foundation that works with partners to advance entrepreneurship in America and improve the education of children and youth. The Kauffman Foundation was established in the mid-1960s by the late entrepreneur and philanthropist Ewing Marion Kauffman. Information about the Kauffman Foundation is available at www.kauffman.org.