Daniel Forbes

Associate Professor
Strategic Management & Entrepreneurship


  • BA 1992
    Politics, Economics, Rhetoric & Law University of Chicago

  • PhD 2000
    Management & Organizational Behavior NYU Stern School of Business


  • Strategic decision-making
  • New venture strategy
  • Corporate governance
  • Social psychology of entrepreneurship
  • Innovation processes in new & established firms

Daniel Forbes is an Associate Professor in the Strategic Management & Entrepreneurship department at the Carlson School. He has also been named a Schulze Distinguished Professor of Entrepreneurship by the Richard M. Schulze Family Foundation. Since joining the Carlson School in 2000, Dan has taught courses on strategy, innovation and entrepreneurship to students in the MBA, undergraduate and executive education programs. He also does research on how new ventures can attract critical resources (e.g., financing and people), among other topics. In these and other capacities, he works closely with a variety of for-profit and nonprofit organizations and with initiatives that connect the University with businesses and communities throughout Minnesota, including the Carlson Ventures Enterprise, the Program on Product Design, the Food Industry Center, the Institute on the Environment, and the Center for Integrative Leadership. In 2013-14 he served as a visiting fellow at the University of Virginia, Darden School of Business. Prior to his academic career, Dan worked in investment banking and as a program manager for a nonprofit organization. He holds a Ph.D. from New York University, and his undergraduate degree is from the University of Chicago.

Selected Works

  • "The infrastructure of entrepreneurial learning" in R. Mitchell et al., (Eds.), The Handbook of Entrepreneurial Cognition (2014).
  • "The study of emerging industries: Recognizing and responding to some central problems," with David Kirsch, Journal of Business Venturing (2011).
  • "Financing decisions as a source of conflict in venture boards," with Audrey Korsgaard & Harry Sapienza, Journal of Business Venturing (2010).
  • "Reconsidering the strategic implications of decision comprehensiveness," Academy of Management Review (2007).
  • "Cognitive approaches to new venture creation," in P. Davidsson (Ed.), New Firm Startups (1999, reprinted 2006)
  • "Entrepreneurial team formation: An exploration of new member addition," with Pat Borchert, Mary Zellmer-Bruhn & Harry Sapienza, Entrepreneurship Theory and Practice (2006).
  • "Managerial determinants of decision speed in new ventures," Strategic Management Journal (2005).
  • "Are some entrepreneurs more overconfident than others?", Journal of Business Venturing (2005).
  • "The self-determination motive and entrepreneurs' choice of financing," with Harry Sapienza & Audrey Korsgaard, in J. Katz & D. Shepherd (Eds.), Advances in Entrepreneurship, Firm Emergence, and Growth (2003).
  • "Cognition and corporate governance: Understanding boards of directors as strategic decision-making groups," with Frances Milliken, Academy of Management Review (1999).
  • "Measuring the unmeasurable: Empirical studies of nonprofit organization effectiveness from 1977 to 1997," Nonprofit and Voluntary Sector Quarterly (1998).

Current Activities

Administrative Appointments

Editorial Appointments

  • Editorial Board, Entrepreneur & Innovation Exchange (EIX)
  • Editorial Board, Journal of Business Venturing
  • Editorial Board, Academy of Management Discoveries
  • Editorial Board, Strategic Entrepreneurship Journal
  • Editorial Board, Organization Science

Honors and Awards

  • Batten Fellowship, awarded by the University of Virginia, Darden School of Business (2013-2014)
  • National Science Foundation grant, with Harry Sapienza and Mary Zellmer-Bruhn, 2003-2008
  • Best Reviewer Award, Academy of Management Discoveries, 2015
  • Schulze Professorship of Entrepreneurship, awarded by the Richard M. Schulze Family Foundation (2015-2018)
  • Outstanding Reviewer Award, Journal of Business Venturing, 2009

Scholarly Service

  • Awards Committee Chair, Entrepreneurship Division of the Academy of Management, 2011-2014.
  • Steering Committee, Center for Integrative Leadership (2011 - present)
  • Member, Graduate Faculty in Product Design (2015 - present)
  • Academic Advisory Board for Acara, an interdisciplinary entrepreneurship program based at the U. of Minnesota's Institute on the Environment (2015- )
    Acara program website
3-414 Carlson School
Curriculum Vitae (155.57 KB)

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