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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, undegraduate and executive education programs. He also does research on how people make decisions related to the creation & management of new ventures. His research has been funded by the National Science Foundation and has been published in the Academy of Management Review, Strategic Management Journal, Organization Science, and the Journal of Business Venturing, among other outlets. He has worked closely with several initiatives that connect the University with businesses and communities, including the Minnesota Cup, the Carlson Ventures Enterprise, the Product Design Program, 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 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

"'Born, not made' and other beliefs about entrepreneurial ability", forthcoming in the Wiley Handbook of Entrepreneurship
"Disentangling the multiple effects of affiliate reputation on resource attraction in new ventures," with Tom Vanacker, Organization Science (2016).
"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).
"Entrepreneurial team formation: An exploration of new member addition," with Pat Borchert, Mary Zellmer-Bruhn & Harry Sapienza, Entrepreneurship Theory and Practice (2006).
"Cognitive approaches to new venture creation," in P. Davidsson (Ed.), New Firm Startups (1999, reprinted 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 Member for: Organization Science; Journal of Business Venturing; Strategic Entrepreneurship Journal; Academy of Management Discoveries.

  • Consulting Editor, Entrepreneur & Innovation Exchange (EIX)

Honors and Awards

  • National Science Foundation grant, with Harry Sapienza and Mary Zellmer-Bruhn, 2003-2008

  • Outstanding Reviewer Awards from Organization Science (2017), Academy of Management Discoveries (2015), Journal of Business Venturing (2009) and Entrepreneurship Theory & Practice (2006)

  • Batten Fellowship, awarded by the University of Virginia, Darden School of Business (2013-2014)

  • Schulze Professorship of Entrepreneurship, awarded by the Richard M. Schulze Family Foundation (2015-2018)

Scholarly Service