Biography

Prior to his academic career, Rich worked as Manager of Software Development for Century Management Consultants, Inc., where he designed and wrote The Century Promotion Manager, a software package to help consumer product companies manage their retail trade promotions more effectively. Before joining the Emory faculty in 1997, Rich served on the faculty of Tulane University's A.B. Freeman School of Business.

Specializing in Strategic Management, Rich conducts research in two main streams: His empirical work focuses on developing indirect measures for the elusive concept of organizational capability and using these measures to predict the performance and strategic decisions of firms, in order to test aspects of evolutionary and resource-based theories of competitive advantage. His theoretical work focuses on advancing the state of knowledge about how and when private information can affect the creation of competitive advantage.

His teaching experience includes courses on Business Policy/Strategic Management, Global Strategic Management, Industry and Competitive Analysis, and Introduction to Management.

Publications

• Makadok, Richard (2003). Doing the Right Thing and Knowing the Right Thing to Do: Why the Whole Is Greater Than the Sum of the Parts, Strategic Management Journal, 24 (10): 1043-1055.
• Makadok, Richard (2002). A Rational-Expectations Revision of Makadok's Resource/Capability Synthesis, Strategic Management Journal, 23 (11): 1051-1057.
• Makadok, Richard, & Barney, Jay (2001). Strategic Factor Market Intelligence: An Application of Information Economics to Strategy Formulation and Competitor Intelligence, Management Science, 47 (12): 1621-1638.
• Makadok, Richard (2001). Toward a Synthesis of the Resource-Based and Dynamic-Capability Views of Rent Creation, Strategic Management Journal, 22 (5): 387-402 (Lead article of the issue).
• Makadok, Richard & Walker, Gordon (2000). Identifying a Distinctive Competence: Forecasting Ability in the Money Fund Industry, Strategic Management Journal, 21 (8): 853-864.
• Makadok, Richard (1999). Inter-Firm Differences in Scale Economies and the Evolution of Market Shares, Strategic Management Journal, 20 (10): 935-952.
• Makadok, Richard (1998). Can First-Mover and Early-Mover Advantages Be Sustained in an Industry with Low Barriers to Entry/Imitation?, Strategic Management Journal, 19 (7): 683-696. (This paper was selected for a "research translation" by Anne D. Smith in the February 1999 issue of the Academy of Management Executive.)
• Makadok, Richard, & Walker, Gordon (1996). Search and Selection in the Money Market Fund Industry, Strategic Management Journal, 17 (summer special issue): 39-54.
• Smith, Kenwyn K., Kaminstein, Dana, & Makadok, Richard (1995). The Health of the Corporate Body: Illness and Organizational Dynamics, Journal of Applied Behavioral Science, 31 (3): 328-351.

Areas of Specialization

• Strategic Management
• Creation of Competitive Advantage
• Resource-Based View
• Information Economics
• Time-Series Econometrics
• Mutual Fund Industry
• Airline Industry
• Revolutionary Business Models

Achievements and Honors

• 2003 Caldwell Award for Excellence in Research, Emory University, Goizueta Business School.
• 2003 Evening MBA Distinguished Educator Award, Emory University, Goizueta Business School.
• 2002 Evening MBA Distinguished Educator Award, Emory University, Goizueta Business School.
• 2000 Outstanding Reviewer Award, Academy of Management BPS Division.
• 1997 Glueck Best Paper Award, Academy of Management BPS Division.
• 1995-96 Outstanding Young Researcher Award, Tulane University, Freeman School of Business.
• 1995-96 Lilly Endowment Teaching Fellowship.
• 1995 MBA Teacher Honor Roll, Tulane University, Freeman School of Business.

Professional Memberships and Activities

• Member of Academy of Management’s Business Policy & Strategy (BPS) Division, Strategic Management Society, and INFORMS.
• Editorial Board, Strategic Management Journal.
• Editorial Board, Strategic Organization.
• Executive Committee of Academy of Management BPS Division, 2002-2004.
• Research Committee of Academy of Management BPS Division, 1998-2000.
• Ad hoc reviewer for Administrative Science Quarterly, Academy of Management Journal, Academy of Management Review, Journal of Management, Management Science, and Organization Science.

Academic Background
Ph.D., Management, Wharton School of Business, University of Pennsylvania, 1994
MBA, Management, Wharton School of Business, University of Pennsylvania, 1991
M.A., Economics, Yale University, 1988
B.A. (summa cum laude), Economics and Mathematics, Yale University, 1988