Career
He was named by BusinessWeek magazine as one of the top twelve United States. teachers of entrepreneurship. Doctor Schrager developed one of the first courses on New Venture Strategy (as opposed to traditional corporate strategy courses). His work is heavily influenced by that of Herbert A. Simon and by the concepts of bounded rationality, which form the basis for his approach to strategy.
He co-authored a paper on "Behavioral Strategy: A Foundational View" with Albert Madansky, which developed a set of ideas based on the work of Simon on how strategy decisions are made.
His latest research on strategy decisions is recapped in "Capital Ideas" (Spring 2014), wherein he and co-author Madansky are undertaking human subject experiments to discover how strategic insight can be developed to solve strategy puzzles. He is a consultant on strategy to companies ranging in size from startups to the largest multinational corporations.
Schrager"s background includes Master of Business Administration, Certified Public Accountants, and Juris Doctor credentials and a Doctor of Philosophy in organizational behavior and policy from the University of Chicago. He has also taught at the University of Notre Dame, where he was named Master of Business Administration Teacher of the Year.
