Daniel Forbes

Associate Professor
Strategic Management & Entrepreneurship


  • BA 1992
    Politics & Economics 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.  Since joining the Carlson School in 2000, Dan has taught courses on strategy, innovation and entrepreneurship to students in the MBA, undegraduate and executive education programs.  He also does research that sheds light on how people can build and manage organizations more effectively.  He is especially interested in how people exchange knowledge and make decisions while creating new ventures.  He has worked closely with several initiatives that help the U. of M. connect with businesses and communities throughout Minnesota, including the Carlson Ventures Enterprise, the Food Industry Center and the Center for Integrative Leadership.  Prior to his academic career, Dan worked in 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

Editorial Appointments

  • Editorial Board, Journal of Business Venturing
  • Editorial Board, Strategic Entrepreneurship Journal
  • Editorial Board, Organization Science

Honors and Awards

  • Outstanding Reviewer Award, Journal of Business Venturing, 2009
  • Batten Fellowship, awarded by the University of Virginia, Darden School of Business (2013-2014)

Scholarly Service

  • National Science Foundation grant, with Harry Sapienza and Mary Zellmer-Bruhn, 2003-2008
  • Awards Committee Chair, Entrepreneurship Division of the Academy of Management, 2011-2014.
  • Steering Committee, Center for Integrative Leadership
3-414 Carlson School

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