Frank Rothaermel, Russell B. and Nancy H. McDonough Chair in Business and Sloan Industry Studies Fellow at the Georgia Tech Scheller College of Business, has been awarded the 2022 Theory-To-Practice Strategy Award by the Vienna Strategy Summit. Rothaermel was selected for his groundbreaking work in strategic management and outstanding achievements in transferring strategic thinking from academia to the business community.
Each year, the Vienna Strategy Summit brings together senior executives and entrepreneurs from Austria and Germany, along with thought leaders from academia. The Theory-to-Practice Strategy Award honors an esteemed scholar whose contributions have provided business practitioners with profound new insights in the fields of strategy and innovation. It is a recognition of those individuals who work to close the gap between theory and practice and demonstrate the transfer of theoretical ideas to the business community. The Strategy Summit is housed at the Vienna University of Economics and Business. The university is home to the Austrian School of Economics and is also the alma mater of influential scholars such as Joseph Schumpeter and Friedrich Hayek.
Rothaermel’s research interests lie in the areas of strategy, innovation, and entrepreneurship. He is the recipient of a National Science Foundation (NSF) CAREER award and has been identified as one of the “world’s most influential scientific minds,” by Thomson Reuters, based on having published papers in the top 1% based on citations. Bloomberg Businessweek named him one of Georgia Tech’s Prominent Faculty, Poets&Quants selected him as one of the “Favorite Business School Professors Teaching MBAs,” and the Kauffman Foundation views him as one of the world’s 75 thought leaders in entrepreneurship and innovation. He is also an author of a leading textbook, Strategic Management, and over 50 case studies distributed by Harvard Business Publishing.
To inform his research, Rothaermel has conducted extensive fieldwork and executive training with a wide range of companies such as Amgen, Daimler, Eli Lilly, Equifax, GE Energy, GE Healthcare, Hyundai Heavy Industries (South Korea), Kimberly-Clark, Microsoft, McKesson, NCR, Turner (TBS), and UPS, among others.
Rothaermel holds a Ph.D. in strategic management from the University of Washington; an MBA from the Marriott School of Management at Brigham Young University; and is Diplom-Volkswirt (M.Sc. equivalent) in economics from the University of Duisburg-Essen, Germany.
