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Draft:Raphael Amit

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Raphael (“Raffi”) Amit
Academic background
EducationBA., Economics
MA., Economics
PhD., Managerial Economics and Decision Science
Alma materHebrew University of Jerusalem
Northwestern University
Academic work
InstitutionsUniversity of Pennsylvania

Raphael (“Raffi”) Amit is an economist, author, and academic. He is the Marie and Joseph Melone Professor and professor of management at the University of Pennsylvania Wharton School.

Amit's research focuses on family firms and family offices and on business model innovation strategy. His work has been recognized by the 2007 Thought Leader Award from the Academy of Management. He is an elected fellow of the Strategic Management Society.

Education

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Amit earned a BA and MA in Economics from the Hebrew University of Jerusalem followed by a PhD in Managerial Economics and Decision Sciences from the Kellogg Graduate School of Management, Northwestern University.[1][2]

Career

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Following the completion of his PhD, Amit began his professional career as a senior energy economist at Data Resources. He then worked on the faculty of Industrial Engineering and Management of the Technion, Israel Institute of Technology.[1] Between 1984 and 1990, he was on the faculty at the Kellogg Graduate School of Management, Northwestern University, and from 1990 to 1999, he taught at the Faculty of Commerce, University of British Columbia in Vancouver, Canada. He founded and worked as director of the Entrepreneurship and Venture Capital Research Center in 1992, and was appointed the Peter Wall Distinguished Professor in 1994.[1] In 1999, he joined the Wharton School at the University of Pennsylvania as the Robert B. Goergen Professor of entrepreneurship and Professor of Management, a role he held until 2016. In 2016, he became the Marie and Joseph Melone Professor and professor of management at Wharton.[1]

Amit was the chair of the board of directors of Creo Products for six years from 1996 to 2001.[1]

Research

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Amit's studies on family enterprises have centered on ownership structures, managerial practices, governance, wealth management, and family offices.[3] He has advised families on matters including governance design for families and their businesses, succession planning, business valuation, wealth management, and the establishment of family offices.[4][5]

Amits' research on business model innovation addresses both the content and process of designing and implementing business model innovation.[6] His book, co-authored with Christoph Zott, entitled Business Model Innovation Strategy: Transformational Concepts and Tools for Entrepreneurial Leaders, has been regarded as “useful” and “relevant”.[7]

Awards and honors

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  • 2007 – Thought Leader Award, Academy of Management[8]
  • 2007 – Standard Life Investments Finance Prize, European Corporate Governance Institute[9]
  • 2009 – Fellow, Strategic Management Society[10]

Bibliography

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Books

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  • Amit, Raphael; Avriel, Mordecai, eds. (1982). Perspectives on Resource Policy Modeling: Energy and Minerals. Ballinger. ISBN 978-0884108375.
  • Hitt, Michael. A; Amit, Raphael; Lucrier, Charles E.; Nixon, Robert D., eds. (2008). Creating Value: Winners in the New Business Environment. Wiley-Blackwell. ISBN 978-0470707319.
  • Amit, Raphael; Zott, Christoph (2020). Business Model Innovation Strategy: Transformational Concepts and Tools for Entrepreneurial Leaders. Wiley. ISBN 978-1119689683.

Selected articles

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  • Amit, Raphael; Schoemaker, Paul J. H. (1993). "Strategic assets and organizational rent". Strategic Management Journal. 14 (1): 33–46. doi:10.1002/smj.4250140105.
  • Amit, Raphael; Zott, Christoph (2001). "Value creation in E-business". Strategic Management Journal. 22 (6–7): 493–520. doi:10.1002/smj.187.
  • Villalonga, Belen; Amit, Raphael (2006). "How do family ownership, control and management affect firm value?". Journal of Financial Economics. 80 (2): 385–417. doi:10.1016/j.jfineco.2004.12.005.
  • Zott, Christoph; Amit, Raphael (2010). "Business Model Design: An Activity System Perspective". Long Range Planning. 43 (2–3): 216–226. doi:10.1016/j.lrp.2009.07.004.
  • Zott, Christoph; Amit, Raphael; Massa, Lorenzo (2011). "The Business Model: Recent Developments and Future Research". Journal of Management. 37 (4): 1019–1042. doi:10.1177/0149206311406265.

References

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  1. ^ a b c d e "Raphael Harry Amit" (PDF). University of Pennsylvania Wharton School. Retrieved May 13, 2025.
  2. ^ Lewyn, Mark (June 15, 1984). "Computers get comfy at colleges". USA Today. p. 6. Retrieved May 30, 2025.
  3. ^ Eckberg, John (June 26, 2005). "Public firms with family ties sublime". The Cincinnati Enquirer. p. 146. Retrieved May 30, 2025.
  4. ^ "The family-office gold rush is spurring a conference craze — with one notable comeback". NBC News. Retrieved May 30, 2025.
  5. ^ "Beyond the Balance Sheet: Business, Wealth, and Family". University of Pennsylvania Wharton School. Retrieved May 30, 2025.
  6. ^ "Wharton–Raphael Amit, PhD". University of Pennsylvania Wharton School. Retrieved May 13, 2025.
  7. ^ Saur-Amaral, Irina (2021). "Book Review: Business Model Innovation Strategy: Transformational Concepts and Tools for Entrepreneurial Leaders". R&D Management. 52 (1): 151–152. doi:10.1111/radm.12463.
  8. ^ Argote, Linda (2009). "From the Editor". Organization Science. 20 (1): 1–2. doi:10.1287/orsc.1080.0418.
  9. ^ "How are U.S. Family Firms Controlled?". European Corporate Governance Institute. Retrieved May 13, 2025.
  10. ^ "SMS Fellows". Strategic Management Society. Retrieved May 13, 2025.
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