Dr. Peter Klein
"Working with students to understand complex issues and problems, to think through possible solutions, and to compare our experiences with each other and with the great thinkers and writers of the past, is fantastic experience."
- PhD, Economics – University of California at Berkley, 1995
- BA, Economics – University of North Carolina at Chapel Hill, 1988
Before coming to Baylor I was a professor at the University of Georgia, the University of Missouri, and the Copenhagen Business School. In 2000-01 I was a senior economist at the Council of Economic Advisers in Washington D.C., which was a unique experience. I've written or edited four books and over 100 scholarly articles, chapters, and reviews. My books have been translated into Chinese, Polish, and Portuguese, so I feel like a true global scholar!
Which classes do you teach online?
MGT 5485: Strategic Management and Business Policy
What do students learn in your classes? What is the expected outcome?
My strategic management course is about decision-making. I don't teach the answers to specific problems, but rather ways of thinking and analyzing, which students can apply to specific situations they face. If you can think like a strategist, you're doing better than most of your competitors!
Why did you start teaching?
I've always loved thinking and talking about big ideas. Teaching is a privilege and there's no profession like it! Working with students to understand complex issues and problems, to think through possible solutions, and to compare our experiences with each other and with the great thinkers and writers of the past, is fantastic experience.
What advice would you give to prospective online students?
Be disciplined. In an online class it's easy to get behind, so pace yourself, keep up with the reading and assignments and ask for help as soon as you need it.
What qualities make someone particularly successful in the business world?
There many strategy books, videos, lectures, etc. out there that emphasize clever models and diagrams, catchy buzzwords, and complex jargon. Avoid those! Strategic thinking ultimately relies on common sense and good judgment. Learn a few basic skills and tools, read widely, follow current events and trends, and listen to people around you.
What do you think is the biggest challenge that people in business face today?
We live in a world of rapid technological, political and cultural change. Managing in a turbulent environment is particularly challenging. I try to keep my strategy frameworks simple and flexible to be useful in a variety of circumstances.
What is the one book you think everyone should read?
Read my 2010 book, “The Capitalist and the Entrepreneur.” I guarantee you'll get your money's worth. I can say that with confidence because you can download the e-book at mises.org for free!
Tell us something interesting about yourself that your students might not know about you.
I've moved 17 times, not including in-town moves. I am good at packing boxes!