Faculty & Research

Dean Alderucci

Adjunct Professor of Strategic Management

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5807 South Woodlawn Avenue
Chicago, IL 60637

Dean Alderucci is an Adjunct Professor of Strategic Management at the University of Chicago Booth School of Business, where he teaches Innovation Strategy and is faculty advisor to the Innovation Group at Chicago Booth. Dean is an innovation consultant with over fifteen years of experience in creating new products and services, teaching how to invent, and redesigning corporate innovation processes. Dean was previously Vice President of Cantor Fitzgerald, a global financial services firm, where he founded and was Chief Operating Officer of its Innovation Division. Before that he was Senior Vice President of IP Strategy at Walker Digital, an R & D laboratory and business incubator known for creating and spinning off Priceline.com and over a dozen other start-ups.

Dean operates in all aspects of innovation, including business opportunity analysis, inventing, commercialization, patent strategy, teaching innovation, and researching the field of innovation. In addition to teaching design thinking, ownable innovations, and other popular innovation methodologies, he specializes in innovation for business systems. He developed the field of formal processes for generating innovations that both are protectable and have maximum licensing value.

Dean is also an adjunct professor at New York University’s Stern School of Business, where he founded and directs both the Innovation Lab and the Center for Advanced Patent Research. Dean's research focuses on relatively unexplored areas at the intersection of inventing and operations. His principal research interests include formal strategy frameworks for inventing, applying operations research to corporate innovation processes, the gaps between design thinking and competitive response, and processes designed for extremely high value inventions.

His innovations span a wide range of fields including new business models, business processes, e-commerce systems, financial services, gaming, microprocessor design, robotically-assisted surgery, bioinformatics, firearms, operating systems, and computer networking. He is an inventor on more than 170 granted and 250 pending U.S. patents, some of which have been purchased by companies such as Facebook, eBay, Groupon, and Hewlett-Packard.

Dean is a frequent speaker at educational institutions, corporations and organizations on business innovation and management of corporate innovation processes. He has been a faculty member of various organizations that provide continuing legal education to attorneys. Dean is a registered patent attorney, is admitted to practice before various state and federal courts in the U.S., and is a Solicitor of the Senior Courts of England and Wales.

Dean holds Master of Science degrees from Columbia University in Operations Research, Computer Science, and Applied Mathematics, and a Master of Laws in Innovation & Information Law from New York University School of Law. He also holds B.S. and M.S. degrees in Computer Engineering from Boston University, where he graduated Summa Cum Laude and was inducted into the Tau Beta Pi Engineering Honor Society.


2014 - 2015 Course Schedule

Number Name Quarter
42122 Innovation Strategy 2014 (Fall)
42122 Innovation Strategy 2015 (Summer)

"Innovation Markets", with William Baumol, (forthcoming 2015)

Correspondence: "Patents and the Dissemination of Inventions", with William Baumol, Journal of Economic Perspectives, 27(4): 223-226 (2013)

"Rebutting a Major Misconception about the Patent System", with William Baumol, AESTIMATIO, the IEB International Journal of Finance, Vol. 6, pp. 8-19 (2013)

Chapter 2 of AIPLA's Practitioner's Guide To Patenting Business Method & E-Commerce Inventions (2002)

"Monetization Strategies for Business Method Patents", The Licensing Journal (November 2000)

"Integrating Patent Law and the Corporation", 2 Yale Symposium on Law & Technology 1 (2000)