Elizabeth Olmsted Teisberg is an Associate Professor at the Darden Graduate School of Business at the University of Virginia, where she received the Frederick S Morton Leadership Award in 2004. She is also a Senior Institute Associate at the Harvard Business School’s Institute for Strategy and Competitiveness. Her expertise is in Strategy, Innovation and Risk Analysis. Dr. Teisberg’s  current research and consulting focus on innovation in health care and in high-technology industries, while her earlier projects have analyzed the strategy in medical device and biotech companies, the real option value of capital investments, research and development decisions, medical innovation, and how managers consider and respond to uncertainty. Prior to joining the faculty at the Darden Graduate School of Business Administration, Teisberg was a professor in the Strategy Group at the Harvard Business School from 1988 to 1996. Earlier, she worked in management consulting, and as an economist for an international oil company.

Dr. Teisberg is the author or co-author of over 50 articles and cases. Most recently, she published “Redefining Competition in Health Care” in the Harvard Business Review, and “Fixing Competition in U.S. Health Care” as a Harvard Business Review Special Report, both co-authored with Michael E. Porter.  Drs. Porter and Teisberg also have a book forthcoming in 2006, Redefining Health Care: Creating Value Based Competition on Results. More information on this research is available at: http://faculty.darden.virginia.edu/teisberge/healthcare.htm.

Dr. Teisberg’s previous publications have appeared in a number of professional journals including the Harvard Business Review, Rand Journal of Economics, Management Science, Interfaces, the Energy Journal, Research-Technology Management, and Science. She is a co-author of The Portable MBA which has been published in five languages. 

At Darden, Dr. Teisberg teaches in the fields of Innovation and Strategy for both MBA students and executives. She is the designer of Darden’s elective course on Innovation, and was previously the Course Head for the school’s required MBA course on Operations Management and Strategy. At Harvard, she taught the MBA required course in Strategy and the MBA elective on Technology and Strategy, as well as participating in executive education.

Dr. Teisberg earned M.S. and Ph.D. degrees in engineering-economic systems from Stanford University School of Engineering in 1986 and 1988, respectively. She also holds a master of engineering in systems science and engineering from the University of Virginia (1981) and an A.B. degree, summa cum laude, in political science and mathematics from Washington University in St. Louis (1980). She is a member of Phi Beta Kappa.