MIT Initiative on the Digital Economy
A fellow with MIT Sloan School’s Initiative on the Digital Economy, Michael Schrage is author of The Innovator’s Hypothesis (MIT Press 2014), Who Do You Want Your Customers to Become? (Harvard Business Review Press 2012), and Serious Play (Harvard Business Review Press 2000), among other books. His research, writing, and advisory work focuses on the behavioral economics of models, prototypes, and experiments as collaborative media for managing innovation risk.
His current research explores the interplay of network effects with innovation and human capital. He is pioneering work in “selvesware” technologies—he coined the word—designed to augment aspects, attributes, and talents of productive individuals. His consulting and innovation/experimentation clients have included Prudential, Microsoft, BASF, ZF, Accenture, Mars, Google, SAS, Edmunds, and Embraer. Mr. Schrage has conducted non-classified research for the U.S. Department of Defense (Office of Net Assessment) and the Center for Strategic and International Studies (CSIS) on cyber-conflict, complex systems procurement, and other issues.
Previously a Merrill Lynch Forum Innovation Fellow, he founded and was executive director of its Merrill Lynch Innovation Grants Competition for doctoral students worldwide. An angel investor in several digital media and machine learning start-ups, Mr. Schrage is a featured and top trafficked blogger on the Harvard Business Review site. His work has been published the Sloan Management Review, the Financial Times, the Wall Street Journal, the Nikkei Asian Review, and many peer-reviewed publications.