Faculty & Research

James E. Schrager

Clinical Professor of Entrepreneurship and Strategic Management

Phone :
(773) 702-1045
Address :
5807 South Woodlawn Avenue
Chicago, IL 60637

James E. Schrager studies the use of strategy by executives and venture capital partners. He was drawn to this research by a fascination with extreme success and a desire to better understand how it happens--or not. In the classroom, Schrager pushes his students to discover how to better judge potential new venture investments and growth opportunities for existing businesses by using the unique power of strategy. His work is powered by the application of Herbert A. Simon's concept of Bounded Rationality to strategy.

He has published multiple articles in the Wall Street Journal, CEO Magazine, and the Chicago Tribune, among others. He is frequently quoted in the press and has appeared on NBC, ABC, PBS, and other networks as an expert commentator on business strategy. He was editor of the Journal of Private Equity (published by Institutional Investor) for over a decade. In 2013, he co-authored a paper on the emerging field of Behavioral Strategy for the Journal of Strategy and Management. He has been involved for the past few years with a series of strategy experiments, conducted with Booth MBA students, which attempt to provide data for the concepts proposed regarding certain facets of Behavioral Strategy.

Schrager is an active advisor to boards and CEOs on matters of strategy. His clients range from some of the largest companies in the US to professional service firms to start-ups, in high- mid- and no-technology businesses. His previous assignments include a series of corporate turnarounds for the Pritzker family interests, through their Chicago-based industrial conglomerate, The Marmon Group. As executive vice president of San Francisco--based Getz Brothers & Co, he was responsible for the successful execution of the Getz initial public offering in Tokyo, the first private US company accepted to go public in Japan. He has worked extensively on the commercial aspects of advanced cardiovascular devices with the surgeon who performed the first heart-transplant in the USA, Dr. Adrian Kantrowitz. He is currently a board member on a start-up founded by one of the most cited researchers in Malaria vaccines, Dr. Stephen Hoffman, whose company is partially funded by the Bill and Melinda Gates Foundation.

He has three times received the Emory Williams Award for Excellence in Teaching, and was twice selected to deliver the Convocation Address. He was named one of the top twelve teachers in entrepreneurship in the United States by BusinessWeek Magazine. Schrager earned a bachelor's degree in economics from Oakland University, an MBA from the University of Colorado, a JD from the Depaul University College of Law, and a PhD from the University of Chicago Booth School of Business in organization behavior and policy. He previously was a certified public accountant in the state of Illinois.

 

2013 - 2014 Course Schedule

Number Name Quarter
34102 New Venture Strategy 2013 (Fall)
34102 New Venture Strategy 2014 (Winter)
34102 New Venture Strategy 2014 (Spring)
34102 New Venture Strategy 2014 (Summer)

2014 - 2015 Course Schedule

Number Name Quarter
34102 New Venture Strategy 2014 (Fall)
34102 New Venture Strategy 2015 (Winter)
34102 New Venture Strategy 2015 (Spring)
34102 New Venture Strategy 2015 (Summer)

Other Interests

Enjoying our family; offshore sailboat racing; winter skiing; auto repair.

 

Research Activities

Founding Editor, The Journal of Private Equity; the use of strategy to predict business failure or success; boards of directors; analysis of strategy decision processes using Herb Simon’s Bounded Rationality model as the starting point.

"Why Bother With Strategy," The Times of India Mumbai (October 10, 2006).

"Kmart Buys a Retailer," Chicago Tribune (November 2004).

"Avoiding the Next Big Dumb Thing," essay in Business, the Ultimate Resource (Persius Publishing, 2001).

"The Next Wal-Mart," The Industry Standard (December 1999).

"John Sculley's Highwire Act," Wall Street Journal (February 1994).

For a listing of research publications please visit ’s university library listing page.

Additional Information