James E. Schrager
Encyclopedia
James E. Schrager is a Clinical Professor of Entrepreneurship and Strategy at the University of Chicago Booth School of Business. He studies the use of strategy
to help executives predict outcomes, and has three times won the Emory Williams Award for Teaching Excellence. He was named by BusinessWeek
magazine as one of the top twelve U.S. teachers of entrepreneurship
.
Dr. Schrager developed one of the first courses on New Venture Strategy (as opposed to traditional corporate strategy courses). His work is heavily influenced by that of Herbert Simon
and by the concepts of bounded rationality
, which form the basis for his approach to strategy.
He is a consultant on strategy to companies ranging in size from startups
to the largest multinational corporation
s.
Schrager's background includes MBA, CPA
, and JD
credentials and a PhD
in organizational behavior and policy
from the University of Chicago
. He has also taught at Notre Dame University, where he was named MBA Teacher of the Year.
Strategy
Strategy, a word of military origin, refers to a plan of action designed to achieve a particular goal. In military usage strategy is distinct from tactics, which are concerned with the conduct of an engagement, while strategy is concerned with how different engagements are linked...
to help executives predict outcomes, and has three times won the Emory Williams Award for Teaching Excellence. He was named by BusinessWeek
BusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
magazine as one of the top twelve U.S. teachers of entrepreneurship
Entrepreneurship
Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
.
Dr. Schrager developed one of the first courses on New Venture Strategy (as opposed to traditional corporate strategy courses). His work is heavily influenced by that of Herbert Simon
Herbert Simon
Herbert Alexander Simon was an American political scientist, economist, sociologist, and psychologist, and professor—most notably at Carnegie Mellon University—whose research ranged across the fields of cognitive psychology, cognitive science, computer science, public administration, economics,...
and by the concepts of bounded rationality
Bounded rationality
Bounded rationality is the idea that in decision making, rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision...
, which form the basis for his approach to strategy.
He is a consultant on strategy to companies ranging in size from startups
Startup company
A startup company or startup is a company with a limited operating history. These companies, generally newly created, are in a phase of development and research for markets...
to the largest multinational corporation
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...
s.
Schrager's background includes MBA, CPA
Certified Public Accountant
Certified Public Accountant is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA...
, and JD
Juris Doctor
Juris Doctor is a professional doctorate and first professional graduate degree in law.The degree was first awarded by Harvard University in the United States in the late 19th century and was created as a modern version of the old European doctor of law degree Juris Doctor (see etymology and...
credentials and a PhD
PHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
in organizational behavior and policy
Policy
A policy is typically described as a principle or rule to guide decisions and achieve rational outcome. The term is not normally used to denote what is actually done, this is normally referred to as either procedure or protocol...
from the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
. He has also taught at Notre Dame University, where he was named MBA Teacher of the Year.