About the Class
Faculty
Provides an integrated strategy framework for innovation-based entrepreneurs. Students examine the core strategic choices facing start-up innovators, and discuss a synthetic framework for the development, implementation and scaling of entrepreneurial strategy in dynamic environments over time. Identifies the types of choices that entrepreneurs must make to take advantage of a novel opportunity, and studies the logic of particular strategic commitments and positions that allow entrepreneurs to establish competitive advantage. Restricted to MIT Executive MBA and Sloan Fellow MBA students.
Erin Scott
Erin L Scott is a Senior Lecturer in Technological Innovation, Entrepreneurship, and Strategic Management at the MIT Sloan School of Management.
Scott’s work focuses on uncertainty and strategic development in early-stage ventures. Most recently, her work was featured in the Harvard Business Review, Management Science, and Strategy Science. At MIT Sloan, she teaches Entrepreneurial Founding & Teams, Entrepreneurial Strategy, as well as assorted MBA entrepreneurship, innovation, and strategy electives. In addition, Scott mentors MIT startups and consults for ventures within the broader ecosystem.Scott holds a BE and an MBA-MS in biomedical engineering from Vanderbilt University and Washington University in St. Louis, respectively. A recipient of the Kauffman Dissertation Fellowship, she earned her PhD in strategy from Washington University in St. Louis. Scott then completed a postdoctoral fellowship in the National Bureau of Economic Research’s Innovation Policy and the Economy Group. She began her academic career at the National University of Singapore.
Scott Stern
Scott Stern is the David Sarnoff Professor of Management at the MIT Sloan School of Management.
Stern explores how innovation and entrepreneurship differ from more traditional economic activities, and the consequences of these differences for strategy and policy. His research in the economics of innovation and entrepreneurship focuses on entrepreneurial strategy, innovation-driven entrepreneurial ecosystems, and innovation policy and management. Recent studies include the impact of clusters on entrepreneurship, the role of institutions in shaping the accumulation of scientific and technical knowledge, and the drivers and consequences of entrepreneurial strategy.
Stern has worked widely with practitioners in bridging the gap between academic research and the practice of innovation and entrepreneurship. This includes advising start-ups and other growth firms in the area of entrepreneurial strategy, as well as working with governments and other stakeholders on policy issues related to competitiveness and regional performance. In recent years, Stern has developed a popular new MIT Sloan elective, Entrepreneurial Strategy, co-founded the MIT Regional Entrepreneurship Acceleration Program, advised the development of the Social Progress Index, and served as the lead MIT investigator on the US Cluster Mapping Project.
Stern started his career at MIT, where he taught from 1995 to 2001. Before returning to MIT in 2009, he held positions as a Professor at the Kellogg School of Management and as a Non-Resident Senior Fellow at the Brookings Institution. Stern is the director and co-founder of the Innovation Policy Working Group at the National Bureau of Economic Research. In 2005, he was awarded the Kauffman Prize Medal for Distinguished Research in Entrepreneurship.
Stern holds a BA in economics from New York University and a PhD in economics from Stanford University.