Business Development & Ventures Center

Facilitates commercialization of research outputs through industry partnerships, licensing, and venture creation, bridging research innovation with market applications via IP/patent strategy, spin-off formation, and public-private partnerships.

⚙️ GeoVerse System Administration Division 🖥️ AI & Computing Sciences Division 🔬 Basic Sciences Division ⚡ Intelligent Geophysical Exploration Division 🛢️ Resource & Energy Engineering Division 🌍 Applied Geoscience Solutions Division 💼 Economics, Policy & Strategy Division 🎓 Education & Training Development Division 🚀 Innovation & International Collaboration Division

Energy Economics & Market Analysis Center Policy Analysis & Regulation Center Strategic Planning & Foresight Center Future Studies & Technology Foresight Center Business Development & Ventures Center

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⭐ Center Chief

Joseph Schumpeter

Center Head

💡 Creative destruction, entrepreneurship

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1842–1924

Alfred Marshall

Researcher

💡 Founded neoclassical microeconomics and identified external economies of industrial districts, the theoretical root of modern innovation clusters

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1939–2024

Michael Jensen

Researcher

💡 Co-founded modern agency theory of the firm, formalizing agency costs between owners and managers

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1918–2002

Igor Ansoff

Researcher

💡 Founded strategic management as a discipline and created the product-market growth matrix for evaluating diversification strategy

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1863–1935

Arthur Dehon Little

Researcher

💡 Founded Arthur D. Little, the world's first management consulting firm, and coined 'unit operations' in chemical engineering

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1952–2020

Clayton Christensen

Researcher

💡 Developed the theory of disruptive innovation explaining how simpler, cheaper entrant offerings displace established incumbents

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1931–2004

Everett Rogers

Researcher

💡 Originated diffusion of innovations theory, the adopter-category model, and the concept of the early adopter

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1675–1734

Richard Cantillon

Researcher

💡 Formulated the earliest systematic theory of the entrepreneur as the economic agent who bears uncertainty by buying at known prices and selling at uncertain ones

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1930–2016

Reinhard Selten

Researcher

💡 Refined non-cooperative game theory with subgame perfection and founded experimental economics, applying bounded rationality to strategic business interaction

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1912–1991

Joe S. Bain

Researcher

💡 Founded the structure-conduct-performance paradigm of industrial organization and the theory of entry barriers

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1902–1983

Fritz Machlup

Researcher

💡 Pioneered the economics of information and knowledge, and produced the classic economic evaluation of the patent system

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1925–2006

Theodore Levitt

Researcher

💡 Argued in 'Marketing Myopia' that firms must define their business by customer needs rather than the product they happen to sell

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1921–2010

Christopher Freeman

Researcher

💡 Founded the national innovation systems framework and led the neo-Schumpeterian school of innovation studies

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1914–1996

Edith Penrose

Researcher

💡 Founded the resource-based theory of firm growth, explaining growth as bounded by managerial resources

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1938–1995

Fischer Black

Researcher

💡 Co-developed the Black-Scholes option pricing model, the mathematical foundation later extended to real options valuation

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1910–2013

Ronald Coase

Researcher

💡 Founded transaction cost economics and the theory of the firm, explaining why firms exist as alternatives to market contracting

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1930–1999

Zvi Griliches

Researcher

💡 Pioneered econometric measurement of R&D's contribution to productivity growth and the use of patent statistics as innovation indicators

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1894–1976

Benjamin Graham

Researcher

💡 Founded security analysis and value investing, establishing margin-of-safety valuation methods central to investment due diligence

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center

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1899–1987

Georges Doriot

Researcher

💡 Founded American Research and Development Corporation, the first institutional venture capital firm, earning the title 'father of venture capital'

💼 Economics, Policy & Strategy DivisionBusiness Development & Ventures Center