Krannert Directory
Faculty / Staff Spotlight
Folta, Tim
Associate Professor of Management;
Folta, Tim
Office: KRAN 409
Phone: (765) 49-49252
Web site: Click here to view Web site
Publications: Click here to view publications

Professional Bio:

Timothy B. Folta is an Associate Professor of Management at Purdue's Krannert Graduate School of Management, and a Visiting Professor at LUISS Guido Carli in Rome. He is the 2009-2010 recipient of the Fulbright Special Award for the 60th Anniversary of the Fulbright Program in Italy. He will spend 4 months in Calabria and Rome as a Senior Research Scholar lecturing and conducting research on High Technology Entrepreneurship. Host institutions are Libera UniversitÓ Internazionale degli Studi Sociali "G. Carli" (LUISS) in Rome and at the UniversitÓ della Calabria (UNICAL) in Arcavacata. He teaches courses in entrepreneurship and strategic management to undergraduate, MBA, Executive MBA, and Ph.D. students, and is Director of BIOMEDSHIP, a program designed to study and provide leadership in biomedical entrepreneurship and innovation. His research focuses on firm entry and exit, with a particular emphasis on entrepreneurial ventures. One recent paper, forthcoming in Management Science, explores the implications of entrepreneurial entry that is incremental, where the individual retains their wage position. A related stream of work is around the management of uncertainty. The medical device and biotechnology industries have been the focus of much of this research. His work has also been published in Administrative Science Quarterly, Industrial and Corporate Change, Journal of Economic Behavior and Organization, Journal of Business Venturing, Managerial and Decision Economics, Strategic Management Journal, and in a number of books. Folta has received the 2006 U.S. Small Business Administration Best Paper Exploring the Importance of Small Businesses to the U.S. Economy or a Public Policy Issue of Importance to the Entrepreneurial Community, and two "Best Paper" Awards in the Academy of Management: Business Policy and Strategy Division (1994), and Entrepreneurship Division (1992). He is on the Editorial Boards for the Strategic Management Journal, the Strategic Entrepreneurship Journal, and the Journal of Business Venturing. When not teaching or doing research, Folta has served the broader academic community in several capacities, including as a member of the the Executive Committee for the BPS Division, the Chair for the BPS Doctoral Consortium, and past member of the Research Committee for the BPS Division. He is a board member of the West Lafayette School Board Foundation. He enjoys long walks with his wife and also keeps physically active by running, playing basketball, lifting weights, skiing, biking, hiking, or playing with his four children.