Jeffrey A. Krug

Color portrait of Jeffrey A. Krug

Assistant Teaching Professor

Department Management and Organization
Office Address 450A Business Building
Phone Number 814-863-3327
Email Address jak947@psu.edu

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Jeffrey A. Krug is program director for the Master's in Strategic Management and Executive Leadership (SMExL) program and an assistant teaching professor of management and organization.

Expertise

Corporate Strategy
Mergers and Acquisitions
Ethical Leadership
Innovation and Technology
Global Strategy

Education

MLE, Institute for Management and Leadership in Education, Havard University, 2017

Ph D, Strategic Management, Indiana University, 1993

MS, International Business, The Pennsylvania State University, 1984

BA, Economics, The Pennsylvania State University, 1982

Courses Taught

MBADM 571 – GLOBAL STRAT MGMT (3)
Integrating multiple functional business areas to resolve global business problems and improve organizational performance.As the capstone course in the online MBA program, this course covers the study of strategic management, and is designed to integrate many of the components and key concepts that students have studied throughout the core curriculum. This course will enable students to develop skills to deal with complex situations, identify and evaluate alternative courses of actions for their organizations, and communicate their assessments and recommendations succinctly yet comprehensively.This course centers on factors that influence the competitive behavior and performance of the firm and the major focus throughout is firm success. Upon completion of this course, students will be able to describe, analyze, explain, and apply strategy concepts and techniques to virtually any type of organization, business or otherwise, in its pursuit of competitive advantage. More importantly, students will be prepared to think logically and critically about actual strategic situations that managers confront. By the conclusion of this course, students will be able to take a strategic manager's perspective to resolve business problems and issues with the goal of improving their organizations' performance.

BA 571 – Strat Mgmt (2)
Analysis and application of concepts and techniques aimed at successfully developing and implementing competitive strategy in a complex business environment. B A 571 B A 571 Strategic Management for Converging Economies (3)This course introduces students to the field of strategic management and the skills and tools used by general managers to make strategic decisions. Students learn to use frameworks and perspectives for analyzing industries, competitors, and companies with an overall objective of positioning the firm to attain and sustain competitive advantage. Students learn how to identify the industry and firm-level determinants of profitability and then relate those factors to the development of competitive strategy within the context of responsible business practice. Students also learn how to evaluate strategies to understand how and why companies are successful or not. Finally, students will learn how senior managers use integrative approaches for solving strategic problems.

ENGR 426 – Invention Commerci (3)
Working with Penn State inventions selected by the Intellectual Property Office, student teams define an optimum commercialization path each technology. ENGR 426ENGR (MGMT/IST/ENTR) 426 Invention Commercialization (3) The goal of ENGR (MGMT/IST/ENTR) 426 is to have students understand why invention commercialization is complicated and difficult by participating in the process. For example, the inventor rarely has insights into the markets for his/her invention, is often not interested in the details of commercialization, and can be secretive. In addition, the business and financial communities often do not take the time, or have the resources, to understand new technologies and perform complex due diligence. Thus lack of due diligence often leads to rejection of innovation because existing companies often discount new technologies from outside the company as NIH - 'not invented here'. Effective transfer of new invention or innovation to a commercial product requires at least three different functional communities to interface: technical, legal and business. Each uses a different language, comes from different educational and cultural backgrounds, and may have an inherent distrust of the others. These functional barriers are difficult to overcome.This course teaches how these barriers can be broken down as student teams help bridge the perceived chasm between key players in the invention commercialization process. In these teams, students bring the skills and knowledge from their major to develop an invention commercialization recommendation for the Technology Transfer Office and the inventor. For example, business students focus on finance and market opportunity assessment; engineering and IST students focus on design refinements, prototyping support, and (if appropriate) making technology suggestions to the inventor.Upon completing the course, the students will have a working knowledge of different university and corporate technology or invention commercialization processes, important intellectual property management tools for inventions (patents, license agreements, option agreements) source of funding to move inventions toward product development, and delivering top quality presentations which outline the recommended commercialization path. Students who enjoy open-ended projects which involve the interplay of business and invention of who wants to work on interdisciplinary teams with the newest inventions will find this course a valuable course. NOTE: Because the inventions/products are based on Penn State faculty intellectual property, students must sign the Penn State Special Intellectual Property Agreement For Students - For Use When Assigning Intellectual Property to The Pennsylvania State University. The form can be viewed at http://guru.psu.edu/policies/RAG13.htmlThe course will be offered both Spring and Fall semesters with an enrollment of 40 students.

IST 426 – Invention Commerci (3)
Working with Penn State inventions selected by the Intellectual Property Office, student teams define an optimum commercialization path each technology. ENGR 426ENGR (MGMT/IST/ENTR) 426 Invention Commercialization (3) The goal of ENGR (MGMT/IST/ENTR) 426 is to have students understand why invention commercialization is complicated and difficult by participating in the process. For example, the inventor rarely has insights into the markets for his/her invention, is often not interested in the details of commercialization, and can be secretive. In addition, the business and financial communities often do not take the time, or have the resources, to understand new technologies and perform complex due diligence. Thus lack of due diligence often leads to rejection of innovation because existing companies often discount new technologies from outside the company as NIH - 'not invented here'. Effective transfer of new invention or innovation to a commercial product requires at least three different functional communities to interface: technical, legal and business. Each uses a different language, comes from different educational and cultural backgrounds, and may have an inherent distrust of the others. These functional barriers are difficult to overcome.This course teaches how these barriers can be broken down as student teams help bridge the perceived chasm between key players in the invention commercialization process. In these teams, students bring the skills and knowledge from their major to develop an invention commercialization recommendation for the Technology Transfer Office and the inventor. For example, business students focus on finance and market opportunity assessment; engineering and IST students focus on design refinements, prototyping support, and (if appropriate) making technology suggestions to the inventor.Upon completing the course, the students will have a working knowledge of different university and corporate technology or invention commercialization processes, important intellectual property management tools for inventions (patents, license agreements, option agreements) source of funding to move inventions toward product development, and delivering top quality presentations which outline the recommended commercialization path. Students who enjoy open-ended projects which involve the interplay of business and invention of who wants to work on interdisciplinary teams with the newest inventions will find this course a valuable course. NOTE: Because the inventions/products are based on Penn State faculty intellectual property, students must sign the Penn State Special Intellectual Property Agreement For Students - For Use When Assigning Intellectual Property to The Pennsylvania State University. The form can be viewed at http://guru.psu.edu/policies/RAG13.htmlThe course will be offered both Spring and Fall semesters with an enrollment of 40 students.

MGMT 426 – Invention Commerci (3)
Working with Penn State inventions selected by the Intellectual Property Office, student teams define an optimum commercialization path each technology. ENGR 426ENGR (MGMT/IST/ENTR) 426 Invention Commercialization (3) The goal of ENGR (MGMT/IST/ENTR) 426 is to have students understand why invention commercialization is complicated and difficult by participating in the process. For example, the inventor rarely has insights into the markets for his/her invention, is often not interested in the details of commercialization, and can be secretive. In addition, the business and financial communities often do not take the time, or have the resources, to understand new technologies and perform complex due diligence. Thus lack of due diligence often leads to rejection of innovation because existing companies often discount new technologies from outside the company as NIH - 'not invented here'. Effective transfer of new invention or innovation to a commercial product requires at least three different functional communities to interface: technical, legal and business. Each uses a different language, comes from different educational and cultural backgrounds, and may have an inherent distrust of the others. These functional barriers are difficult to overcome.This course teaches how these barriers can be broken down as student teams help bridge the perceived chasm between key players in the invention commercialization process. In these teams, students bring the skills and knowledge from their major to develop an invention commercialization recommendation for the Technology Transfer Office and the inventor. For example, business students focus on finance and market opportunity assessment; engineering and IST students focus on design refinements, prototyping support, and (if appropriate) making technology suggestions to the inventor.Upon completing the course, the students will have a working knowledge of different university and corporate technology or invention commercialization processes, important intellectual property management tools for inventions (patents, license agreements, option agreements) source of funding to move inventions toward product development, and delivering top quality presentations which outline the recommended commercialization path. Students who enjoy open-ended projects which involve the interplay of business and invention of who wants to work on interdisciplinary teams with the newest inventions will find this course a valuable course. NOTE: Because the inventions/products are based on Penn State faculty intellectual property, students must sign the Penn State Special Intellectual Property Agreement For Students - For Use When Assigning Intellectual Property to The Pennsylvania State University. The form can be viewed at http://guru.psu.edu/policies/RAG13.htmlThe course will be offered both Spring and Fall semesters with an enrollment of 40 students.

MIS 446 – It Bus Strat (3)
Provide student with broad understanding of global information systems utilization and management in modern organizations.

Selected Publications

Krug J., "The challenge of international business education: A holistic approach." International Review of Business & Applied Sciences, vol. 2, no. 2, 2021, pp. 9-27
Jackson W. T., Nelson T., Gao L., Krug J., Wright P., "Determinants of interfirm rivalry or cooperation: Implications for management." Academy of Strategic Management Journal, vol. 13, no. 1, 2014, pp. 113-128, api.elsevier.com/content/abstract/scopus_id/84930514035
Krug J., Wright P., Kroll M. J., "Top management turnover following mergers and acquisitions: Solid research to date but still much to be learned." Academy of Management Perspectives, vol. 28, no. 2, 2014, pp. 147-163, api.elsevier.com/content/abstract/scopus_id/84903268426
Wright P. W., Krug J. A., Ma R., "Levels of liquid assets and entrepreneurial outcomes: The case of smaller firms based abroad." Journal of Business & Entrepreneurship, vol. 24, no. 2, 2013, pp. 69-78, www.questia.com/library/journal/1P3-3014165231/levels-of-liquid-assets-and-enterprise-outcomes-the
Krug J. A., "The evolving role of general managers in today's global organizations." International Journal of Sustainable Strategic Management, vol. 4, no. 1, 2013, pp. 24-38
Nelson T., Singh K., Elenkov D., Krug J. A., Davis B., Wright P. W., "Theoretical contributions to governance of smaller firms." Journal of Business & Entrepreneurship, vol. 25, no. 1, 2013, pp. 21-42
Krug J. A., "New challenges for international business research: A review of extant research and the unique contributions of John Dunning." Journal of Teaching in International Business, vol. 23, no. 1, 2012, pp. 659-678, www.tandfonline.com/doi/abs/10.1080/08975930.2012.688002
Krug J., "Brain drain: Why top management bolts after M&As." Journal of Business Strategy, vol. 30, no. 6, 2009, pp. 4-14, api.elsevier.com/content/abstract/scopus_id/71949089257
Krug J. A., "Corporate Strategy." (Sage Publications), 2009
Krug J. A., "Mergers and Acquisitions: Turmoil in Top Management Teams." (Business Expert Press), 2009
Krug J., Shill W., "The big exit: Executive churn in the wake of M&As." Journal of Business Strategy, vol. 29, no. 4, 2008, pp. 15-21, api.elsevier.com/content/abstract/scopus_id/47249112965
Krug J. A., "Mergers and Acquisitions." (Sage Publications), 2008
Krug J. A., Daniels J. D., "Multinational Enterprise Theory." (Sage Publications), 2008
Seers A., Krug J., "MBA market differentiation: An analysis of recruiter perceptions and school characteristics." Academy of Management Best Paper Proceedings, 2007, api.elsevier.com/content/abstract/scopus_id/84858432991
Daniels J. D., Krug J., Trevino L., "Foreign direct investment from Latin America and the Caribbean." Transnational Corporations, vol. 16, no. 1, 2007, pp. 27-53, api.elsevier.com/content/abstract/scopus_id/38749125111
Daniels J. D., Krug J. A., "International Business and Globalization." (Sage Publications), 2007
Wright P., Kroll M., Krug J., Pettus M., "Influences of top management team incentives on firm risk taking." Strategic Management Journal, vol. 28, no. 1, 2007, pp. 81-89, api.elsevier.com/content/abstract/scopus_id/33846076675
Krug J., "Turnover from the employee's perspective: The involuntary-voluntary taxonomy." Current Topics in Management, vol. 11, no. 1, 2006, pp. 137-154
Krug J., Aguilera R. V., "Top Management Team Turnover in Mergers & Acquisitions." Advances in Mergers and Acquisitions, vol. 4, no. 1, 2005, pp. 123-154, api.elsevier.com/content/abstract/scopus_id/33644614014
Furrer O., Krug J., Sudharshan D., Thomas H., "Resource-based theory and its link to the global strategy, structure, and performance relationship: an integrative framework." International Journal of Management and Decision Making, vol. 5, no. 2, 2004, pp. 99-116, api.elsevier.com/content/abstract/scopus_id/39149135072
Krug J., "Executive turnover in acquired firms: An analysis of resource-based theory and the upper echelons perspective." Journal of Management and Governance, vol. 7, no. 2, 2003, pp. 117-143, api.elsevier.com/content/abstract/scopus_id/3843101477
Krug J., "Why Do They Keep Leaving?." Harvard Business Review, vol. 81, no. 2, 2003, pp. 14-15, api.elsevier.com/content/abstract/scopus_id/1642368270
Krug J., Nigh D., "Executive perceptions in foreign and domestic acquisitions: An analysis of foreign ownership and its effect on executive fate." Journal of World Business, vol. 36, no. 1, 2001, pp. 85-105, api.elsevier.com/content/abstract/scopus_id/0042907176
Krug J., Hegarty W. H., "Predicting who stays and leaves after an acquisition. A study of top managers in multinational firms." Strategic Management Journal, vol. 22, no. 2, 2001, pp. 185-196, api.elsevier.com/content/abstract/scopus_id/0011148853
Krug J., Nigh D., "Top management departures in cross-border acquisitions: Governance issues in an international context." Journal of International Management, vol. 4, no. 4, 1998, pp. 267-287, api.elsevier.com/content/abstract/scopus_id/0039501941
Krug J., Hegarty W. H., "Postacquisition turnover among U.S. top management teams: An analysis of the effects of foreign vs. domestic acquisitions of U.S. targets." Strategic Management Journal, vol. 18, no. 8, 1997, pp. 667-675, api.elsevier.com/content/abstract/scopus_id/0001415259
Krug J., "Columbia's Markets Threatened by Possible U.S. Sanctions." On Wall Street, vol. 6, no. 6, 1996, pp. 12
Krug J., "Fujimori's Success in Peru." On Wall Street, vol. 6, no. 5, 1996, pp. 1
Krug J., "KFC-USA: Doing chicken right in the U.S. fast-food industry." Business Case Journal, vol. 4, no. 1, 1996, pp. 1-24
Krug J., "Latin American and Caribbean Direct Investment in the United States: An Analysis of Investment Patterns and U.S. Policy Implications." Multinational Business Review, vol. 2, no. 1, 1994, pp. 1-12
Daniels J. D., Krug J., Nigh D., "U.S. Joint Ventures in China: Motivation and Management of Political Risk." California Management Review, vol. 27, no. 4, 1985, pp. 46-58, api.elsevier.com/content/abstract/scopus_id/84968146411

Research Impact and Media Mentions

"Executive Turnover Following M&As", Closing Bell with Maria Bartiromo, Television
"Post-Merger Integration", Forbes Magazine, Executive Panel with Steve Forbes
"Fidelity National Financial's Acquisition of LandAmerica", Richmond Times Dispatch, Newspaper
"Rival to Buy Richmond-Based LandAmerica", Richmond Times Dispatch, Newspaper
"SHRM Conference Draws Thousands", Human Resource Executive Online, Journal or Magazine
"Mergers and Acquisitions", Richmond Times Dispatch
"InBev's Acquisition of Anheuser-Busch", WRVA 1140, Radio
"When Companies Merger, Executives Split", Richmond Times Dispatch, Newspaper
"Down the Tap: InBev's Acquisition of Anheuser-Busch", The Star-Ledger, Newspaper
"Executive Turnover Following M&As", Richmond Times Dispatch, Newspaper
"Mergers and Acquisitions", CFO Magazine, Journal or Magazine
"In Deal-Making, Keep People in Mind", Wall Street Journal, Journal or Magazine
"Five Statements That Can Haunt Executives After a Merger", Accenture Outlook, Journal or Magazine
"A Three-Prong Strategy Smooths the Path to Profitable M&As", Wall Street Journal, Journal or Magazine
"Post-Merger Organizational Design", Accenture Outlook, Journal or Magazine
"How to Build Value into a Merger", Accenture Outlook, Journal or Magazine
"The Day Dreaming Public Relations People", LeverWealth, Journal or Magazine

Honors and Awards

MBA Outstanding Teacher, Loyola University New Orleans, (May 31, 2014)

Dean's Award for Outstanding Teaching, University of Muenster (Germany), (Aug 31, 2010)

Outstanding Online Teaching, Virginia Tech, (May 31, 2006)

Dean's Teaching Excellence Award, University of Muenster (Germany), (Aug 31, 2005)

Keith E. Sawyer Service Award (Executive MBA Program), University of Illinois at Urbana-Champaign, (May 31, 2005)

List of Excellent Instructors, University of Illinois at Urbana-Champaign, (May 31, 2003)

Outstanding Teacher of the Year (Executive MBA Program), University of Illinois at Urbana-Champaign, (May 31, 2003)

Outstanding Teacher of the Year (Executive MBA Program), University of Illinois at Urbana-Champaign, (May 31, 2000)

List of Excellent Instructors, University of Illinois at Urbana-Champaign, (May 31, 1999)

Outstanding Teaching Award (International MBA), University of Memphis, (May 31, 1998)

Dean's Teaching Award, University of Memphis, (May 31, 1997)

Oustanding Faculty Award (International MBA), University of Memphis, (May 31, 1996)

Outstanding Instructor Award (Executive MBA), College of William & Mary, (Aug 31, 1993)