Faculty – Scott Shane

Scott Shane - Professor, Economics
Professor, Economics

Peter B. Lewis Building 282
Office Hours: By Appointment Only

Scott Shane, PhD, is the A. Malachi Mixon III Professor of Entrepreneurial Studies and professor of economics. He has written or edited ten books that include ILLUSIONS OF ENTREPRENEURSHIP: THE COSTLY MYTHS THAT ENTREPRENEURS, INVESTORS, AND POLICY MAKERS LIVE BY; FINDING FERTILE GROUND: IDENTIFYING EXTRAORDINARY OPPORTUNITIES FOR NEW VENTURES; FROM ICE CREAM TO THE INTERNET: USING FRANCHISING TO UNLOCK THE POTENTIAL OF YOUR BUSINESS; ACADEMIC ENTREPRENEURSHIP: UNIVERSITY SPINOFFS AND WEALTH CREATION, among five others. Several of his books have won the Best Business Book Award, Best Small Business Book Award, and the Golden Book Award, Taiwan.

The author of over 60 scholarly articles on entrepreneurship and innovation management, Shane's work has appeared in MANAGEMENT SCIENCE, ORGANIZATION SCIENCE, ACADEMY OF MANAGEMENT JOURNAL, ACADEMY OF MANAGEMENT REVIEW, STRATEGIC MANAGEMENT JOURNAL, JOURNAL OF ECONOMIC BEHAVIOR AND ORGANIZATION and INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, among others. His current research examines: (1) how entrepreneurs discover and evaluate opportunities, assemble resources, and design organizations; (2) university spin-offs and technology transfer; (3) business format franchising; (4) angel investing; and (5) genetic factors in entrepreneurship.

Shane has been a consultant to numerous large and small organizations and has taught in executive education programs around the world. Since his appointment at Weatherhead School of Management in 2003, Shane has taught courses in the areas of technology strategy and entrepreneurship. He is an angel investor and member of the Northcoast Angel Network.

Shane has been nominated for both the Weatherhead Teaching Excellence Award, and Carl F. Wittke Award for Best Undergraduate Teacher Nominee, Case Western Reserve University. In 2015 he received the Weatherhead Enduring Impact Award. He is the A. Malachi Mixon III Professor of Entrepreneurial Studies chair and is also supported by the A. Malachi Mixon – F. J. Callahan Jr. Program in Entrepreneurial Management. He received his PhD from the Wharton School, University of Pennsylvania. His previous faculty appointments include the University of Maryland, Massachusetts Institute of Technology, and Georgia Institute of Technology.

PhD, University of Pennsylvania, 1992
MS, University of Pennsylvania, 1991
MS, Georgetown University, 1988
AB, Brown University, 1986

Initially Appointed: 2003

Interests and Courses


Technology entrepreneurship

New firm formation

Economic development

New venture finance



Technology Strategy

Recent Courses and Syllabi

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Selected Publications

  • Shane, S. A. (2009).
    Fool's Gold: The Truth Behind Angel Investing in America New York: Oxford University Press.
  • Shane, S. A. (2008).
    Technology Strategy for Managers and Entrepreneurs Englewood Cliffs, NJ: Prentice Hall.
  • Shane, S. A. (2008).
    Illusions of Entrepreneurship: The Costly Myths that Enbtrepreneurs, Investors, and Policy Makers Live By New Haven, CT: Yale University Press.
  • Nicolau, N., Shane, S. A., Hunkin, J., Cherkas, L., Spector, T. (2008).
    Is the tendancy to to engage in entrepreneurship genetic? (vol. 54, issue 1, pp. 167-179). Hanover, MD: Management Science.

Academic and Professional Activities

  • Board Member, JumpStart Inc, Cleveland, OH, 2008 - 2009
  • Member, NorthCoast Angel Fund, Cleveland , OH, 2006 - Present


  • Library Journal Best Business Books of 2008, Library Journal. (2009).
  • Global Entrepreneurship Research Reward, Swedish Foundation for Small Business Research. (2009).
  • Top 5 Books for Your Business, MSNBC. (2009).
  • Best Business Books of 2008, Inc Magazine. (2008).
  • Best Business Books of 2008, Toronto Globe and Mail. (2008).
  • Best Small Business Books of 2008, Small Business Trends. (2008).
  • Greif Research Impact Award, Greif Center for Entrepreneurship, USC. (2008).
  • WSOM Teaching Excellence Award Nominee, Weatherhead School of Management. (2007).
  • Golden Book Award, Ministry of Economic Affairs, Taiwan. (2006).
  • Wittke Award for Best Undergraduate Teacher Nominee, Case Western Reserve University. (2006).