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Mark Rice

  • Professor
Academic Division: Entrepreneurship
For the past thirty years, Professor Rice has participated in the development of university-based entrepreneurship ecosystems. At RPI (1988-2001) he served as Director of the Rensselaer Incubator Program and the Severino Center for Technological Entrepreneurship. At Babson College (2001-2010), as Murata Dean of the F. W. Olin Graduate School of Business, he led the effort to launch the Fast Track MBA Program, a major leap forward in the effectiveness of blended learning education delivery. He was also part of the Babson team that delivered training programs for entrepreneurship educators and program managers in Asia, South America and North America. At WPI (2010-2018), Professor Rice served as the inaugural Dean of WPI's Business School and subsequently as the Vice Provost for Innovation & Entrepreneurship. In March 2018, he returned to Babson College, serving as Provost for 2+ years before returning to the faculty. Professor Rice holds B.S. and M.S. degrees in Mechanical Engineering and a Ph.D. in Management from Rensselaer Polytechnic Institute.

Academic Degrees

  • Ph D, Rensselaer Polytechnic Institute
  • MS, Rensselaer Polytechnic Institute
  • BS, Rensselaer Polytechnic Institute

Publications

Journal Articles

  • Theodoraki, C., Messeghem, K., Rice, M.P. (2018). A social capital approach to the development of sustainable entrepreneurial ecosystems: an explorative study. Small Business Economics. Vol: 51, Issue: 1, Page: 153–170. Springer New York LLC.
  • Rice, M.P., Fetters, M.L., Greene, P.G. (2014). University-based entrepreneurship ecosystems: a global study of six educational institutions. International Journal of Entrepreneurship and Innovation Management. Vol: 18, Issue: 5/6, Page: 481-501.
  • Matsuno, K., Zhen, Z., Rice, M.P. (2014). Innovation Process and Outcomes for Large Japanese Firms: Roles of Entrepreneurial Proclivity and Customer Equity. Journal of Product Innovation Management. Vol: 31, Issue: 5, Page: 1106–1124. Wiley-Blackwell Publishing, Inc.. link
  • O'Connor, G.C., Rice, M.P. (2013). A Comprehensive Model of Uncertainty Associated with Radical Innovation. Journal of Product Innovation Management. Vol: 30, Issue: S1, Page: 2-18. Wiley-Blackwell Publishing, Inc..
  • O'Connor, G.C., Rice, M.P. (2013). New Market Creation for Breakthrough Innovations: Enabling and Constraining Mechanisms. Journal of Product Innovation Management. Vol: 30, Issue: 2, Page: 209-227. Wiley-Blackwell Publishing, Inc..
  • Rasmussen, E., Rice, M.P. (2012). A framework for government support mechanisms aimed at enhancing university technology transfer: the Norwegian case. International Journal of Technology Transfer and Commercialisation. Vol: 11, Issue: 1/2, Page: 1-25. Inderscience Publishers.
  • Rice, M.P., Tsai, S., Din, H.B. (2008). The Effectiveness of Learning from Strategic Alliances: A Case Study of the Taiwanese Textile Industry. International Journal of Technology Management. Vol: 42, Issue: 3, Page: 310 - 328. Inderscience Publishers.
  • Lee, H., Kelley, D.J., Rice, M.P. (2006). An Agency Theory Perspective on Managing Innovation-Based Corporate Entrepreneurship: Applying Insights from the U.S. to a Korean Multinational Firm.. Journal of Strategic Management (Korea). Vol: 9, Issue: 1, Page: 1-19.
  • Rice, M.P. (2006). The Faculty of the Future: Overcoming the Perfect Storm. AACSB eNewsline.
  • Rice, M.P., Peters, L., Malavika, S. (2004). The Role of Incubators in the Entrepreneurial Process. The Journal of Technology Transfer. Vol: 29, Issue: 1. Springer Netherlands.
  • Rice, M.P., O’Connor, G.C., Peters, L.J., Veryzer, R. (2003). Managing Inter-disciplinary, Longitudinal Research on Radical Innovation: Methods for Study of Complex Phenomena. Organization Science. Vol: 14, Issue: 4, Page: 353 - 373. INFORMS.
  • Kelley, D.J., Rice, M.P. (2002). Leveraging the Value of Proprietary Technologies. Journal of Small Business Management. Vol: 40, Issue: 1, Page: 1-16.
  • Rice, M.P., Kelley, D.J., Peters, L., O’Connor, G.C. (2001). Radical Innovation: Triggering Initiation of Opportunity Recognition and Evaluation. R&D Management. Vol: 31, Issue: 4, Page: 409-420.
  • Kelley, D.J., Rice, M.P. (2001). Technology-Based Strategic Actions in New Firms: The Influence of Founding Technology Resources. Entrepreneurship Theory and Practice. Vol: 26, Issue: 1, Page: 55-73.
  • Kelley, D.J., Rice, M.P., Peters, L. (2001). The Relationship Between Technology-Based and Product-Based Knowledge and Alliance Formation in New Firms. International Journal of Entrepreneurship and Innovation Management. Vol: 1, Issue: 2, Page: 143-156.

Books

  • Greene, P.G., Fetters, M.L., Rice, M.P., Butler, J.S. (2010). The Development of University-Based Entrepreneurship Ecosystems: Global Practices. Page: 203. Edward Elgar.
  • Greene, P.G., Rice, M.P. (2007). Entrepreneurship Education. Edward Elgar.
  • Rice, M.P. (2007). Introducing Engineering and Science Students to Entrepreneurship: Models and Influential Factors at Six American Universities: Entrepreneurshp Education. Edward Elgar.
  • Rice, M.P. (2004). Creating a Platform for Growth: Action Steps for Developing a Core Competency in Managing Breakthrough Innovation: Global CEO. The ICFAI University Press.
  • Rice, M.P., Standish-Kuon , T. (2002). Introducing Engineering and Science Students to Entrepreneurship: Models and Influential Factors at Six American Universities: Journal of Engineering Education. Vol: 1, Issue: 91, Page: 33–9. American Society for Engineering Education.

Cases and Teaching Notes

  • Rice, M.P. (2023). Rice, Mark P. Zoey Koko: Transition to a New Business Model: The Case Research Journal. Issue: Case Research Journal, 43(1), Page: 38. North American Case Research Association. link
  • Rice, M.P. (2020). Managing a Growing Business: The Xeleum Case. Vol: Volume 41 , Issue: • Issue 1 • Winter 2021, Page: Case = 15 pages; Instructor's Manual = 11. North American Case Research Association. link
  • Jimenez-Castillo, L., Rivera, M.P., Rice, M.P., Cota Mendia, M.B. (2018). Now What? Now Who? A Mexican Small Family Business in Transition: SAGE Business Cases. SAGE Publications: SAGE Business Cases Originals.
  • Rice, M.P. (2018). SmartPooch: Pre-Venture Opportunity Assessment: The Case Journal. Vol: Vol. 14 , Issue: No. 3, Page: pp. 292-304. Emerald Publishing. link
  • Rice, M.P. (2016). Pre-Venture Feasibility Analysis: The Andrea Kaneb Case. Vol: 36, Issue: Issue 4. Fall 2016, Page: 18. North American Case Research Association. link
  • Rice, M.P. (2016). Pre-Venture Feasibility Analysis: The Andrea Kaneb Case: Case Research Journal. Vol: 36, Issue: 4, Page: 18. North American Case Research Association.

Book Chapters

  • Rice, M.P., Noyes, E.A. (2021). Incubators as catalysts in entrepreneurship ecosystems: Handbook of Research on Business & Technology Incubation and Acceleration: A Global Perspective. Edward Elgar Publishing.
  • Rice, M.P., Noyes, E. (2021). Incubators as catalysts in entrepreneurship ecosystems: Handbook of Research on Business & Technology Incubation and Acceleration: A Global Per-spective. Edward Elgar Publishing. link
  • Rice, M.P., Stitt, W.C. (2019). A Portfolio of Integrative and Reinforcing Pedagogies: From Intention to Start-up Performance: The Role and Impact of Entrepreneurship Education. Page: 21. Edward Elgar Publihsing. link
  • Rice, M.P. (2014). The Value Proposition for Business Education: Business Management for the Curious High School & College Students: Why Study Business Management?. Issue: 1st. The Curious Academic Publishing.
  • Rice, M.P., Greene, P.G. (2007). Moving from “Whether” or “If” to “What” and “How”: Entrepreneurship Education. Edward Elgar.
  • Rice, M.P., Eisenman, E.J., Severino, P. (2006). Public Policy as an Enabler or Inhibitor of Entrepreneurship: The Case of Sarbanes-Oxley: Entrepreneurship: The Engine of Growth -- Volume 3: Place. Vol: 3. Greenwood Publishing Group .
  • Rice, M.P., Habbershon, T. (2006). The Place of Entrepreneurship: Entrepreneurship: The Engine of Growth -- Volume 3: Place. Vol: 3. Greenwood Publishing Group .
  • Rice, M.P. (2004). Preface: A Comprehensive Guide to Business Incubation. National Business Incubation Association.
  • Rice, M.P. (2004). The Key to Incubator Success: Overcoming the Obstacles to Maximizing the Impact of Incubator Assistance: A Comprehensive Guide to Business Incubation. National Business Incubation Association.
  • Rice, M.P., Chakrabarti , A.K. (2004). Changing Roles of Universities in Developing Entrepreneurial Regions - The Case of Finland and the US : Cross-functional Innovation Management: Perspectives from different disciplines. Page: 453-468. Gabler Verlag.
  • Rice, M.P. (2004). Foreword: Next Generation Business Handbook. Wiley & Sons.
  • Rice, M.P., O'Connor, G., Joanne, H. (2004). Bringing Radical and Other Major Innovations Successfully to Market Bridging the Transition from R&D to Operations: The PDMA ToolBook2 for New Product Development: Organizational, Process and Portfolio Tools. Wiley & Sons.
  • Kelley, D.J., Rice, M.P. (2000). Knowledge-Based Resources as a Foundation for Alliance Formation in Entrepreneurial Firms: Frontiers of Entrepreneurship Research 2000.
  • Kelley, D.J., Rice, M.P. (1999). Technology Portfolios and Alliance Formation in the New Firm: 1999 Academy of Management Conference Best Paper Proceedings..

Conference Proceedings

  • Matsuno, K., Zhu, Z., Rice, M.P. (2011). The Effects of Marketing-R&D Integration and R&D Strength on Business Growth and Customer Equity: A Corporate Entrepreneurship Study: Proceedings of The 15th Biennial World Marketing Congress: The Customer is NOT Always Right? Marketing Orientations in a Dynamic Business World. Page: 162–165. Academy of Marketing Science.

Presentations

  • Opening Keynote and Panelist. Also invited speaker during the conference. Rice, M. SOZO Ventures / Japan Ministry of Science and Technology, Stanford University, Palo Alto CA (2023)
  • Leveraging your research to make impact O'Connor, G. Rice, M. Shay, J. Babson College Entrepreneurship Research Conference, Babson Park, MA (2021)
  • Incubators as Catalysts in Entrepreneurship Ecosystems Rice, M. Academy of Management Annual Meeting , Boston MA (2019)
  • Driving Growth through Innovation at the Hanover Insurance Group Rice, M. Hanover Offsite Innovation Workshop, Worcester, MA (2017)
  • Innovation in Learning Rice, M. Biogen Global Learning Summit, Cambridge, MA (2015)
  • Fostering Entrepreneurship in China Rice, M. Entrpereneurship Ecosystems Conference, Shanghai, PRC (2014)
  • Introduction to Technological Entrepreneurship Rice, M. Entrpereneurship Ecosystems Conference, Shanghai, PRC (2014)
  • Principles and Practices of Successful Business Incubation Rice, M. Entrpereneurship Ecosystems Conference, Shanghai, PRC (2014)
  • Fostering Entrepreneurship in China Rice, M. Hangzhou Dianzi University, Hangzhou, PRC (2014)
  • The Effects of Marketing- R&D Integration and R&D Strength on Business Growth and Customer Equity: A Corporate Entrepreneurship Study Matsuno, K. Zhu, Z. Rice, M. 2011 Academy of Marketing Science World Marketing Congress, Rheims, France (2011)
  • University-Based Entrepreneurship Ecosystems: Developmental Pathways Fetters, M. Greene, P. Rice, M. Torres, A. AACSC International Conference and Meeting 2011, New York, NY (2011)
  • Development of University-Based Entrepreneurship Ecosystems: A Global Study of Six Educational Institutions Fetters, M. Rice, M. Greene, P. Darden Conference on Entrepreneurship and Innovation, Charlottesville, VA (2010)
  • Creativity: Laying the Foundation for Success in Innovation and Entrepreneurship Palson, K. Rice, M. Stitt, B. OBTC 2008: Teaching Conference for Management Educators, Wellesley, MA (2008)
  • Leveraging Entrepreneurship in New Contexts: Extension into Corporate Innovation and Entrepreneurship Rice, M. AACSB International Conference and Meeting, Honolulu, Hawaii (2008)
  • Non-Traditional Tenure Cases Rice, M. Academy of Management Entrepreneurship Division Junior Faculty Consortium, Philadelphia, PA (2007)
  • Managing Innovation: Responding to Opportunities and Challenges Rice, M. Breakout Session at Fox Valley Technical College Annual All-Staff In-Service Day, Appleton, WI (2007)
  • Celebrating the Past, Creating the Future Rice, M. Fox Valley Technical College Annual All-Staff In-Service Day, Appleton, WI (2007)
  • Driving Growth through Corporate Innovation Rice, M. Presented to tR&D Division at Weyerhaeuser Corporation, Federal Way, WA (2007)
  • A Cross-Country Comparison of Corporate Entrepreneurship in US-Based Versus Korean-Based Organization: An Agency Theory Perspective Rice, M. , . Babson – Kauffman Entrepreneurship Research Conference, (2005)
  • A Cross-Country Comparison of Corporate Entrepreneurship in U.S.-Based Versus Korean-Based Organizations Lee, H. Kelley, D. Rice, M. 2005 Babson College-Kauffman Foundation Entrepreneurship Research Conference, Babson Park, MA (2005)
  • streams of thought leaders in entrepreneurship Rice, M. Greene, P. 2005 Babson – Kauffman Entrepreneurship Research Conference, Babson College, Wellesley Hills (2005)
  • Pursuing Innovation: Challenges and Opportunities Greene, P. McCarthy, A. Rice, M. AACSB International Dean’s Conference, Orlando, FL. (2004)
  • Adapting to Local Conditions: Lessons from the Rensselaer Polytechnic Institute Incubator Program and the Babson College Hatchery Rice, M. International Conference on Best Practices in Science-Based Incubators: Towards Self-Sustainable Incubators, Rotterdam, Holland (2003)
  • Is Self-Sustainability a Relevant and Achievable Goal for Incubators? Rice, M. International Conference on Best Practices in Science-Based Incubators: Towards Self-Sustainable Incubators, Rotterdam, Holland (2003)
  • Incubator Manager: Ideal Profile and How to Diagnose the Needs of Incubator Companies Rice, M. 2nd Annual Conference on Entrepreneurship in Latin America, Vina del Mar (2003)
  • Non-curricular Ingredients for Successful Entrepreneurship Programs Rice, M. 2nd Annual Conference on Entrepreneurship in Latin America, Vina del Mar (2003)
  • The Role of Universities in Economic Development Rice, M. 2nd Annual Conference on Entrepreneurship in Latin America, Vina del Mar (2003)
  • Teaching Corporate Entrepreneurship in the Executive Education Context Rice, M. Product Development and Management Association 2003 Research Conference, Boston, MA (2003)
  • Best Case Scenario Rice, M. Roundtable on Entrepreneurship Education for Engineers and Scientists, Palo Alto, California (2003)
  • Innovativeness of Founding Technology Resources: Implications for the Strategic Actions of New Firms Kelley, D. Rice, M. 2000 Academy of Management Conference, Toronto, Canada (2000)
  • Knowledge-Based Resources as a Foundation for Alliance Formation in Entrepreneurial Firms Kelley, D. Rice, M. 2000 Babson College-Kauffman Foundation Entrepreneurship Research Conference, Babson Park, MA (2000)
  • Technology Portfolios and Alliance Formation in the New Firm Kelley, D. Rice, M. 1999 Academy of Management Conference, Chicago, IL (1999)
  • Sustaining Innovation in the New Firm: The Role of Technology Portfolios and Alliance Formation Kelley, D. Rice, M. 1999 Babson College-Kauffman Foundation Entrepreneurship Research Conference, Columbia, South Carolina (1999)
  • Opportunity Recognition: Defining the Attributes of Discontinuous Innovation as a Starting Point for New Business Formation Kelley, D. Rice, M. 1997 Babson College-Kauffman Foundation Entrepreneurship Research Conference, Babson Park, MA (1997)
  • Characterizing the Technology Attributes and Identifying Critical Technology Issues During the Early Stages of the Discontinuous Innovation Process Rice, M. Kelley, D. Seventh Global Conference on Entrepreneurship Research, Montreal, Canada (1997)
  • Opportunity Recognition in the Domain of Discontinuous Innovation: An Exploratory Study Rice, M. Kelley, D. 1996 Babson College-Kauffman Foundation Entrepreneurship Research Conference, Seattle, WA (1996)
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Professional Services

  • Conference-Related Babson Academy (2020 - 2021)
  • Conference-Related North American Case Research Association (2016 - 2019)

Department & College Wide Services

  • Review of Academic Administrative Structure -- EY Parthenon (Spring 2023)
  • DBA / Concert of Ideas Committee (Fall 2022 - Spring 2023)
  • Extension of Rocket Pitch Challenge to a course: Foundations of Entrepreneurial Management (Fall 2021 - Spring 2022)
  • Butler Launch Pad (Fall 2020 - Spring 2021)