Christian Busch (management scientist)

Last updated
Christian Busch
Christian Busch.jpg
Born1984
Alma mater London School of Economics (M.Sc. 2009, Ph.D. 2014)
Scientific career
Fields
Institutions

Christian Busch (* 1984 [1] in Bergisch Gladbach [2] ) is a management scientist, author and public speaker recognized for his work on serendipity, innovation, and purpose-driven leadership. [3] [4] [5] He is a business professor at the University of Southern California (USC) Marshall School of Business and an affiliate researcher at the London School of Economics. [6] [7]

Contents

Education

Busch earned a Bachelor of Business Administration (B.B.A.) from Furtwangen University, and a Bachelor of Arts (B.A.) in Politics and Organization at the University of Hagen. He received his M.Sc. and Ph.D. degrees in management at the London School of Economics. [8]

Career and awards

Busch serves as an Associate Professor of Clinical Management and Organization at the USC Marshall School of Business. Previously, he taught at the London School of Economics (LSE) and New York University (NYU), where he directed the Center for Global Affairs’ Global Economy Program. He co-founded the organizations Leaders on Purpose and Sandbox Network, and served as co-director of LSE’s Innovation Lab. [8]

He is a member of the Expert Forum of the World Economic Forum, a Fellow of the Royal Society of Arts, [9] among CAPITAL's ‘Top 40 under 40’ [7] and on the Thinkers50 Radar list of management thinkers ‘most likely to shape the future’. [10]

Busch is also a ‘Subject Matter Expert’ of the Academy of Management. [11]

Research

Busch’s research interests include: [8]

He has received multiple ‘Best Paper Awards’ from the Academy of Management, [12] as well as the Masini Award for Innovative Scholarship. [6] He serves on the Editorial Review Board of the Academy of Management Perspectives [13] and is a guest editor at the Strategic Management Journal for a special issue on ‘Serendipity, Chance, and Luck in Management and Strategy’. [14]

Busch has published several scientific papers on serendipity, conceptualizing it as “active luck”—the notion of actively making surprising and valuable discoveries. He identifies three key elements of serendipity that help distinguish it from related concepts: agency, surprise and value, and presents a multi-level model involving chance triggers, associations (creating new connections) and ‘materialization’ (realizing a specific possibility). Busch’s theory suggests that social actors have agency in creating serendipity: Like training ‘hard skills’ related to finance or engineering, it is possible to train serendipity-related skills such as alertness. [15] [16]

Busch’s research is widely used in educational and professional development programs, including by the American Psychological Association and Harvard Business Review's Harvard ManageMentor. [17] [18]

He has delivered multiple TEDx Talks on topics such as serendipity, innovation, and purpose-driven leadership. [19]

Works (selected)

Author activity

He is the bestselling author of THE SERENDIPITY MINDSET, a “wise, exciting, and life-changing book” (Arianna Huffington) that “offers excellent practical guidance for all” (Paul Polman, former CEO, Unilever). [6] [20] As of August 2024, it has been translated into 12 languages. [21] This book was a finalist for the 2018 Financial Times / McKinsey Bracken Bower Prize for "best business book proposal of the year by a young writer". [22]

He contributes columns to Psychology Today [23] as well as Wirtschaftswoche. [24]

Private

Busch is German, married to an US-American woman and has one daughter. [25]

Related Research Articles

<span class="mw-page-title-main">Serendipity</span> Unplanned, fortunate discovery

Serendipity is an unplanned fortunate discovery. In 1754 Horace Walpole coined the word and described an amazing discovery as being “of that kind which I call Serendipity”. Robert K. Merton first came upon the concept-and-term of serendipity in the 1930s in the Oxford English Dictionary. Here, he discovered that the word had been coined by Walpole. Merton revealed 1946 his concept of the "serendipity pattern" in empirical research, of observing an unanticipated, anomalous, and strategic datum, which becomes the occasion for developing a new theory. Merton describes it later as "the discovery through chance by a theoretically prepared mind of valid findings which were not sought for"

<span class="mw-page-title-main">C. K. Prahalad</span> Indian-American Strategist, educator and author

Coimbatore Krishnarao Prahalad was an Indian-American entrepreneur and author.

Imperial College Business School is the graduate business school of Imperial College London in England. The business school was established in 2003 and officially opened by Queen Elizabeth II. The school fosters an entrepreneurial culture by integrating business disciplines with a science-based curriculum. It offers a range of programmes, including Master of Business Administration degrees, various Master's programmes, Doctor of Philosophy programmes, and executive education. According to the 2023 QS MBA Rankings, Imperial's MBA programme is ranked third in the world for career specialisation in entrepreneurship. In the 2021 Research Excellence Framework, the business school is ranked second in the UK for business and management studies.

<span class="mw-page-title-main">Steve Blank</span> American businessman

Steve Blank is an American entrepreneur, educator, author and speaker. He created the customer development method that launched the lean startup movement. His work has influenced modern entrepreneurship through the creation of tools and processes for new ventures which differ from those used in large companies.

<span class="mw-page-title-main">Entrepreneurship</span> Taking financial risks in the hope of profit

Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk, and potentially involving values besides simply economic ones.

Innovation management is a combination of the management of innovation processes, and change management. It refers to product, business process, marketing and organizational innovation. Innovation management is the subject of ISO 56000 series standards being developed by ISO TC 279.

<span class="mw-page-title-main">Rita Gunther McGrath</span> American strategic management scholar

Rita Gunther McGrath is an American strategic management scholar and professor of management at the Columbia Business School. She is known for her work on strategy, innovation, and entrepreneurship, including the development of discovery-driven planning.

<span class="mw-page-title-main">Soumodip Sarkar</span> Economist and Management Scholar

Soumodip Sarkar is an economist and management scholar.

<span class="mw-page-title-main">Umair Haque</span>

Umair Haque is a British economist, consultant and author. He was the director of the Havas Media Lab, has previously blogged in the Harvard Business Review and is author of the book The New Capitalist Manifesto: Building a Disruptively Better Business. The book sets the "incumbent" capitalists of the 20th century against the 21st "insurgents" and states that the latter are creating a more sustainable "new capitalism". He has written on economic and civilizational issues on the Medium writing platform but is now less active on Medium and prefers Eudaimonia&Co. and The Issue.

Toke Reichstein is a Danish economist and Professor at Copenhagen Business School. He is best known for his work on "Investigating the sources of process innovation among UK manufacturing firms."

<span class="mw-page-title-main">Nicholas Bloom</span> British economist

Nicholas Bloom is the William Eberle Professor in the Department of Economics at Stanford University, a Courtesy Professor at Stanford Business School and Stanford Institute for Economic Policy Research, and a co-director of the Productivity, Innovation and Entrepreneurship Program at the National Bureau of Economic Research.

<span class="mw-page-title-main">Alnoor Bhimani</span> British academic

Alnoor Bhimani is Professor of Management Accounting and Director of the South Asia Centre at the London School of Economics and Political Science (LSE). He is former Head of the Department of Accounting and the Founding Director of LSE Entrepreneurship. Bhimani's academic work covers financial management and digitalisation; managerial accounting and strategic finance; entrepreneurship and economic growth; and global development and governance issues.

Michael G. Jacobides is a British economist and public speaker. His main areas of interest are digital platforms and ecosystems, financial services and turnarounds. He is the Sir Donald Gordon Chair of Entrepreneurship & Innovation at London Business School. He is Academic Advisor to the Boston Consulting Group, Chief Expert Advisor on Digital Economy to the Hellenic Competition Commission, visiting scholar at the New York Fed, and visiting fellow at Cambridge University.

<span class="mw-page-title-main">Julie Battilana</span> Social Scientist

Julie Battilana is a scholar, educator, and advisor in the areas of social innovation and social change at Harvard University. She is the Joseph C. Wilson Professor of Business Administration at Harvard Business School and the Alan L. Gleitsman Professor of Social Innovation at the Harvard Kennedy School.

<span class="mw-page-title-main">Amy Edmondson</span> American academic

Amy C. Edmondson is an American scholar of leadership, teaming, and organizational learning. She is currently Professor of Leadership at Harvard Business School. Edmondson is the author of seven books and more than 75 articles and case studies. She is best known for her pioneering work on psychological safety, which has helped spawn a large body of academic research in management, healthcare and education over the past 15 years. Her books include "Right Kind of Wrong, the Science of Failing Well", “The Fearless Organization,Creating Psychological Safety in the Workplace for Learning, Innovation, and Growth” (2018)) and “Teaming: How Organizations Learn, Innovate and Compete in the Knowledge Economy” (2012).

Nava Ashraf, is a Canadian economist and academic. She is Professor of Economics at the London School of Economics, as well as research director of the Marshall Institute for Philanthropy and Social Entrepreneurship. Her research interests include development economics, behavioral economics, and family economics.

Morten T. Hansen is a Norwegian-American professor, management theorist, motivational speaker and author.

Soren Marcus Kaplan is an author, consultant, and speaker on the subject of innovation and innovation culture in organizations. He is an Affiliate at the Center for Effective Organizations at the University of Southern California's Marshall School of Business, founder of the consulting firm InnovationPoint, co-founder of the software company Praxie.com, and is a columnist for the Innovate column of Inc. Magazine.

<span class="mw-page-title-main">Alessandro Di Fiore</span> Italian entrepreneur (1965–2021)

Alessandro Di Fiore was an Italian entrepreneur, founder of ECSI, a consulting firm. He also served as the chairman of Harvard Business Review Italia. Di Fiore was best known for developing the “Insight-Driven” Organisation concept and writing the foreword to the book “Strategia Oceano Blu – Vincere senza Competere.”

Thomas J. Roulet is a French-British social scientist, management thinker and professor at the University of Cambridge where he holds the Chair of Organisational Sociology and Leadership. He has advanced the concept of negative social evaluations and is known for his research on wellbeing in the context of remote work. He is a Faculty at the Judge Business School, and a Fellow of King's College Cambridge.

References

  1. Busch, Christian at DNB
  2. "Christian Busch". Author Website (German) (in German). Orell-Füssli. Retrieved 2024-08-09.
  3. Caprino, Kathy. "A Science-Based Framework Helps Individuals And Organizations Experience More Good Luck". Forbes. Retrieved 2024-09-10.
  4. Walker, Sharon (2020-09-13). "The 'serendipity mindset': how to make your own luck". The Guardian. ISSN   0261-3077 . Retrieved 2024-09-10.
  5. Busch, Christian (2020-09-17). "Why building a muscle for uncertainty is the most important thing you can do". Fast Company. Retrieved 2024-09-10.
  6. 1 2 3 "Christian Busch". USC Marshall. Retrieved 2024-08-09.
  7. 1 2 London School of Economics and Political Science. "Dr Christian Busch" . Retrieved 2024-08-11.
  8. 1 2 3 Curriculum Vitae Christian Busch on uscmarshallweb
  9. C. Busch, L. Milgrim: The art and science of creating ‘smart luck’ in an uncertain world RSA comment of 4 March 2024
  10. "Thinkers50 Radar 2019" . Retrieved 2024-09-07.
  11. Academy of Management. "Subject Matter Experts: Christian Busch" . Retrieved 2024-08-21.
  12. Science, London School of Economics and Political. "Dr Christian Busch". London School of Economics and Political Science. Retrieved 2024-09-10.
  13. "Perspectives Incoming Editorial Team". AOM_CMS. Retrieved 2024-09-10.
  14. "SMJ Special Issues - SMS". strategicmanagement.net/. Retrieved 2024-09-10.
  15. Busch, Christian (2024-05-01). "Towards a Theory of Serendipity: A Systematic Review and Conceptualization". Journal of Management Studies. 61 (3): 1110–1151. doi:10.1111/joms.12890. ISSN   0022-2380.
  16. Feintzeig, Rachel (2023-11-12). "Some People Are Just Lucky. You Can Make Yourself One of Them". The Wallstreet Journal. Retrieved 2024-09-11.
  17. Webinar Training Transforming Uncertainty into Opportunity auf pages.apa.prg
  18. Harvard ManageMentor: Ethics at Work auf hbsp.harvard.edu
  19. "christian busch | Search Results | TED". www.ted.com. Retrieved 2024-09-10.
  20. Haden, Jeff (2020-09-28). "Entrepreneurs Like Richard Branson and Mark Cuban Embrace the Serendipity Mindset. You Should Too". Inc.com. Retrieved 2024-09-10.
  21. Christian Busch auf curtisbrown.co.uk
  22. "Bracken Bower Prize 2018: excerpts from finalists' proposals". Financial Times. 2018-11-07. Retrieved 2024-09-11.
  23. "Christian Busch Ph.D. | Psychology Today". www.psychologytoday.com. Retrieved 2024-09-10.
  24. "Christian Busch | Aktuelle Beiträge | WiWo". www.wiwo.de (in German). Retrieved 2024-09-10.
  25. "Prof. Christian Busch | Wirtschaftswissenschaftler | So führt Zufall zum Erfolg" (in German). SWR. Retrieved 2024-08-11.