Faculty Profiles

profile image for Jeffrey Shay

Jeffrey Shay

  • Professor
  • Executive Director for Academic Operations for the Arthur M. Blank School for Entrepreneurial Leadership
Academic Division: Entrepreneurship


Jeff Shay returns to Babson as Professor and the Executive Director for Academic Operations for the Blank School for Entrepreneurial Leadership. Prior to coming to Babson, he served as the Johnson Professor of Entrepreneurship and Leadership where he designed and launched a comprehensive entrepreneurship program. Prior to that he was the 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 case 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 past clients include: 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 in order to keep current with the practical application of what he teaches in his courses. Dr. Shay has over 30 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


Journal Articles

  • 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
  • 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.
  • 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., 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


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