Explore Babson
Back to All Babson Back to All Babson
Close
Babson CollegeBabson College logo
High School Programs
profile image for Jeffrey Shay

Jeffrey Shay

  • Professor
Academic Division: Entrepreneurship
CV
Jeff Shay is a Professor in the Entrepreneurship Division. Prior to coming to Babson, he served as the Rupert Johnson Professor of Entrepreneurship and Leadership at Washington and Lee University where he designed and launched a comprehensive entrepreneurship program. Prior to that he was the Jack Poe Professor of Entrepreneurship at the University of Montana. He has also taught courses at London School of Economics, Peking University, Cornell University, and University of Brescia. He has provided invited teaching and research seminars for faculty in Brazil, Chile, Hong Kong, South Korea, Malaysia, University of Technology – Jamaica, and for organizations such as the Asia Institute of Finance, Associacion de Latin America Casewriters, Association of Asia-Pacific Business Schools, and the Chinese Center for Case Research.

Dr. Shay has been an invited speaker at the Swedish Trade Council, Penn State's Executive MBA Program, Babson's F. W. Olin School of Business, and Cornell's Johnson School of Business. In addition, he has provided executive training for Hyundai Corporation, Four Seasons Hotels and Resorts, Petronas Oil, Hilton International Hotel Group, Shanghai International Port Group, Maersk Shipping, Ace Insurance, and the American Express Travel Group.

Dr. Shay was recognized in March 2006 as one of the Western Academy of Management's Ascendant Scholars, an award given to scholars who make an early and significant impact on their field. In 2015 he received the Western Academy of Management's Joan Dahl President's Award, an award that “recognizes members who have contributed to the ongoing success of the Western Academy of Management, supported the professional growth and development of its members, and demonstrated excellence in both teaching and research.” In 2016 Dr. Shay was named a Fellow of the North American Case Research Association, an award that “recognizes outstanding contributions to the field of case research and teaching”. Dr. Shay served two, non-consecutive terms as President of the North American Case Research Association and as President of both the Western Academy of Management and the Western Casewriter's Association.

Dr. Shay's research has been published in Academy of Management Journal, Journal of International Business Studies, International Journal of Cross-cultural Management, Long Range Planning, Journal of Management Inquiry, Journal of International Management, Case Research Journal, Journal of Management Education, Cornell Hotel and Restaurant Administration Quarterly, and International Journal of Organizational Analysis. In addition, he has presented his research and received best paper awards at Academy of Management, Western Academy of Management, and the North American Case Research Association Conferences.

Dr. Shay's professional experience includes providing strategic planning, international business planning, and new venture development consulting services through his company, Shay Consulting International. His current and past clients include: Eatrenalin, AD Little, NASA, Big Sky Brewing, Bank of Montana, TerraEchos, Bitter End, Bitterroot Resort, Blue Cross – Blue Shield Montana, Benchmark Simulations, Watson Children Shelter, Montana World Trade Center, Hi-Noon Petroleum, and Precision Partners. He provides these services to keep current with the practical application of what he teaches in his courses. Dr. Shay has over 35 years of consulting experience in these areas.

Dr. Shay spends his free time actively engaging in competitive and recreational sports. During the school year he teaches spinning classes, plays golf, and enjoys road and mountain biking. He spends his summers in Niantic, Connecticut where he campaigns his one-design racing sailboat, a 31-foot Atlantic Class sloop. At Babson College he received the Scholar/Athlete Award, was a four-time All-East alpine skier, and after college raced on the United States Pro Tour.

Academic Degrees

  • Ph D, Cornell University
  • MBA, Babson College
  • BS, Babson College

Academic Interest / Expertise

Entrepreneurship, International Management, Strategic Management

Awards & Honors

  • 2021 — Classic Case List, Case Centre
  • 2016 — Fellow Award, North American Case Research Association
  • 2015 — Joah Dahl Presiden't Award, Western Academy of Management
  • 2006 — Ascendant Scholar, Western Academy of Management

Courses

  • Degree Courses 2024

    • EPS 1220 ENTREPRENEURIAL LEADERSHIP FIELD STUDIES
    • FME 1001 FOUNDS MGMT & EPS

  • Degree Courses 2023

    • FME 1000 FOUNDATIONS OF MGMT & ENTREPRENEURS
    • EPS 3532 GLOBAL ENTREPRENEURSHIP
    • EPS 7504 GLOBAL ENTREPRENEURSHIP

Publications

Journal Articles

  • Takeuchi, R., Li, J., Shay, J.P., Kim, H. (in press). Integration of Structural Contingency and Cognitive Dissonance Perspectives as the Link between Subsidiary Structures, and Expatriates’ Organizational Commitment and Assignment Completion Intentions . Journal of International Business Studies. NOTE: This is a 3rd round revise and resubmit. We submitted in Dec 2022.
  • Cassidy, C., Gabriel, C., Geoghegan, W., Gilinsky, A., Harris, R., Hill, V., Shay, J.P. (2021). Teaching cases online: Synchronous, Asynchronous, and Hybrid Techniques. Case Research Journal. Vol: 40, Issue: 4, Page: 21 pages. North American Case Research Association.
  • Takeuchi, R., Qian, C., Chen, J., Shay, J.P. (2021). Moderating effects of decision autonomy and culture novelty on the relationship between expatriate manager leadership styles and host country managers’ job satisfaction: Evidence from the global hotel industry. International Journal of Cross Cultural Management. Vol: 21, Issue: 2, Page: 285-305. SAGE Publications. link
  • Grandy, G., Boroff, K., Grogan, J., Lawrence, J., Shay, J.P. (2021). Teaching case research journals: The same and different as other research journals. Case Folio Journal. Vol: 21, Issue: 3, Page: 6. Indian Business School Center for Management Research.
  • Kester, G., Shay, J.P. (2019). Sequencing lectures and cases in undergraduate business courses: Which should come first?. Advances in Financial Education. Vol: 45, Issue: 1, Page: 52-57.
  • Wright, T.A., Hollwitz, J., Stackman, R.W., De Groat, Arthur S., ., Baack, S.A., Shay, J.P. (2018). 40 Years (and Counting): Steve Kerr Reflections on the "Folly". Journal of Management Inquiry. Vol: 27, Issue: 3, Page: 309-315. Sage.
  • Shay, J.P., Tracey, J.B. (2009). Expatriate adjustment and effectiveness: The mediating role of managerial practices. Journal of International Management. Vol: 15, Issue: 4, Page: 401-412. Elsevier BV. link
  • TAKEUCHI, R., QIAN, C., Shay, J.P. (2009). MNC CONTROL OF FOREIGN SUBSIDIARIES: A CROSS-LEVEL THEORIZING.. Academy of Management Proceedings. Vol: 2009, Issue: 1, Page: 1-6. Academy of Management. link
  • Shay, J.P. (2008). A Tale of a Peripatetic Professor. Journal of Management Inquiry. Vol: 17, Issue: 4, Page: 341-352. SAGE Publications. link
  • Takeuchi, R., Shay, J.P., Jiatao, L. (2008). When Does Decision Autonomy Increase Expatriate Managers' Adjustment? An Empirical Test. Academy of Management Journal. Vol: 51, Issue: 1, Page: 45-60. Academy of Management. link
  • Shay, J.P., Baack, S. (2006). An Empirical Investigation of the Relationships between Modes and Degree of Expatriate Adjustment and Multiple Measures of Performance. International Journal of Cross Cultural Management. Vol: 6, Issue: 3, Page: 275-294. SAGE Publications. link
  • Shay, J.P., A Baack, S. (2004). Expatriate assignment, adjustment and effectiveness: an empirical examination of the big picture. Journal of International Business Studies. Vol: 35, Issue: 3, Page: 216-232. Springer Science and Business Media LLC. link
  • Shay, J.P., BAACK, S. (2002). AN EMPIRICAL INVESTIGATION OF THE RELATIONSHIPS BETWEEN REASONS FOR EXPATRIATE MANAGER ASSIGNMENT, MODES OF EXPATRIATE ADJUSTMENT, AND EXPATRIATE MANAGERIAL EFFECTIVENESS.. Academy of Management Proceedings. Vol: 2002, Issue: 1, Page: I1-I6. Academy of Management. link
  • Shay, J.P., Rothaermel, F.T. (1999). Dynamic competitive strategy: towards a multi-perspective conceptual framework. Long Range Planning. Vol: 32, Issue: 6, Page: 559-572. Elsevier BV. link
  • Shay, J.P. (1997). Food-Service Strategy. Cornell Hotel and Restaurant Administration Quarterly. Vol: 38, Issue: 3, Page: 36-49. SAGE Publications. link
  • Shay, J.P., Tracey, J.B. (1997). Expatriate Managaers. Cornell Hotel and Restaurant Administration Quarterly. Vol: 38, Issue: 1, Page: 30-35. SAGE Publications. link

Cases and Teaching Notes

  • Union, L., Shay, J.P., Suen, C. (2022). Next Gen Transformation at Rotoplas - Case and Teaching Note: Next Gen Transformation at Rotoplas - Case and Teaching Note. Page: 35. Babson College and Harvard Business School Press.
  • Hoover, ., Shay, J.P., Reiter, S. (2018). Beginner’s Luck: Potential Fraud by the Virginia Lottery. Vol: 38, Issue: 3, Page: 30-46. Case Research Journal.
  • Kidera, E., Baack, S., Shay, J.P., Gilinsky, A. (2017). Senior Sisig: Growing Pains. Page: 16. Case Research Journal.
  • Douma, B., Shay, J.P., Harrington, M. (2015). Watson Children Shelter. Case Research Journal.

Reports

  • Hill, S., Shay, J.P. (2024). Entrepreneurship: Public Attitudes and Perceptions: Global Entrepreneurship Monitor Annual Report 2023. Issue: 2023, Page: 12. GEM.
  • Hill, S., Shay, J.P. (2024). USA Policy Roadmap: Global Entrepreneurship Monitor - Global Report. Global Entrepreneurship Monitor.
  • Kelley, D.J., Shay, J.P., Majbouri, M., Brush, C.S., Corbett, A.C. (2023). Global Entrepreneurship Monitor (GEM) 2022 United States Report. Babson College .
  • Hill, S., Shay, J.P. (2023). Global Entrepreneurship Monitor USA Profile: Global Entrepreneurship Monitor 2021/2022 Report.
  • Hill, S., Shay, J.P. (2023). The Social and Cultural Foundations of Entrepreneurship: Global Entrepreneurship Monitor Annual Report 2021/2022. Issue: 2021-2022, Page: 11. GEM.
  • Ionescu-Somers, A., Shay, J.P. (2022). Forward to the GEM Women's Report: Global Entrepreneurship Monitor Women's Report - 2021/2022. Page: 1.
  • Kelley, D.J., Shay, J., Majbouri, M., Brush, C., Corbett, A., Daniels, C. (2022). Global Entrepreneurship Monitor (GEM) 2021/2022 United States Report: Global Entrepreneurship Monitor (GEM) 2021/2022 United States Report. Babson College.
  • Hill, S., Shay, J.P. (2022). What does it mean to be an entrepreneur?: Global Entrepreneurship Monitor - Chapter 2. Vol: 2021 Report. Global Entrepreneurship Monitor.
  • Kelley, D.J., Shay, J.P., Majbouri, M., Brush, C.S., Corbett, A.C. (2021). Global Entrepreneurship Monitor (GEM) 2019/2020 United States Report. Babson College.

Other

  • Takeuchi, R., Shay, J.P. (2005). Interaction Effects of Expatriates' Parent Company and Foreign Subsidiary Commitments. American Psychological Association (APA). link

Presentations

  • Case Research Workshop Shay, J. Historically Black Colleges and Universities Case Research Workshop, Virtual (2023)
  • Case Research Shay, J. Institute for Social Innovation and CWEL Case Research Session, Olin Hall, Babson College (2023)
  • What are some of the latest entrepreneurship trends happening around the world? Shay, J. Hart, M. RIO NEVADO DE ZELAYA, M. GEM Webinar: UK, Guatemala, and USA, Virtual (2022)
  • Case Teaching – The Continuous Journey Shay, J. Harris, R. North American Case Research Association, Niagara Falls (2022)
  • An Integrated conceptual model of entrepreneurial leadership: New frontiers for research Taylor, S. Greenberg, D. Corbett, A. Rollag, K. Shay, J. Murphy, W. Academy of Management Conference, Seattle, WA (2022)
  • Interdisciplinary and Collaborative Research using GEM Data Kelley, D. Shay, J. Majbouri, M. Erzurumlu, S. Brush, C. Randolph, A. , . Babson Research Day, Babson College (2022)
  • Leveraging your research to make impact O'Connor, G. Rice, M. Shay, J. Babson College Entrepreneurship Research Conference, Babson Park, MA (2021)
  • Pedagogy and techniques to adapt quickly to an online higher education classroom Harris, R. Hill, V. Gilinksy, A. Geoghegan, W. Shay, J. North American Case Research Association, Virtual (2020)
  • The Art of Case Teaching: A never ending journey Shay, J. Gilinsky, A. North American Case Research Association, Tempe, AZ (2019)
  • Conference theme influence on the creation of research streams Wright, T. Stackman, R. Shay, J. Western Academy of Management, Sonoma, CA (2019)
  • Anatomy of a Great Case and Instructor’s Manual Shay, J. Savage, K. North American Case Research Association, Orlando, FL (2018)
  • Case research and teaching provocations Shay, J. Savage, K. Dolinsky, E. North American Case Research Association, Orlando, FL (2018)
  • Business Case Writing Fergus, A. Shay, J. Western Academy of Management, Salt Lake City, UT (2018)
  • Sequencing lectures and cases in undergraduate business courses: Which should come first? Kester, G. Shay, J. North American Case Research Association, Chicago, IL (2017)
  • The Art of Case Teaching Shay, J. Gilinsky, A. North American Case Research Association, Chicago, IL (2017)
MoreGreen Chevron