Thomas Hubbard has been a professor at Kellogg since 2005, and served as Senior Associate Dean, Strategic Initiatives from 2012-2015. Before coming to Kellogg, he was a professor at the University of Chicago GSB and the University of California, Los Angeles. During 2004-5, he was a visiting professor at Columbia GSB.

Professor Hubbard's research interests mainly concern how information problems affect the organization of firms and markets, and therefore the structure of industries. His work has appeared in top-ranked journals such as the American Economic Review, the Quarterly Journal of Economics, and the Rand Journal of Economics. He is a research associate at the National Bureau of Economic Research.

Industrial organization, organizational economics, economics of technology

• PhD, 1996, Economics, Stanford University
• BA, 1989, Economics, Princeton University, High Honors

• Faculty Director, Master in Management Program, Kellogg School of Management, Northwestern University
• Senior Associate Dean of Strategic Initiatives, Kellogg School of Management, Northwestern University, 8/31/2016
• Elinor and H. Wendell Hobbs Professor of Management, Kellogg School of Management, Northwestern University
• John L. and Helen Kellogg Distinguished Professor of Management and Strategy, Kellogg School of Management, Northwestern University, 8/31/2011
• Research Associate, National Bureau of Economic Research
• Associate Professor of Management and Strategy, Kellogg School of Management, Northwestern University, 8/31/2007
• Visiting Professor of Finance and Economics, Columbia Business School, Columbia University, 8/31/2005
• Associate Professor of Economics and Strategy, University of Chicago, 8/31/2005
• Assistant Professor of Economics and Strategy, University of Chicago, 8/31/2002
• Visiting Assistant Professor of Strategy, University of Chicago, 8/31/1999
• Faculty Research Fellow, National Bureau of Economic Research, 8/31/2006
• Assistant Professor of Economics, University of California Los Angeles, 8/31/1999
• Junior Staff Economist, President's Council of Economic Advisors, 8/31/1992
• Researcher, Economists Incorporated, 8/31/1990
• Chairman, Department of Management and Strategy, Kellogg School of Management, Northwestern University, 12/12/2012

• Oliver E. Williamson Award for Best Paper in Law, Economics, and Organization
• Best Professor Award, Kellogg-HKUST EMBA Program

Competitive strategy

Competitive Strategy

Based on time-tested economic principles for profitability and growth, this program offers strategy-focused leaders a blend of modern theory, strategic analysis and practical application for sustaining an organization’s long-term competitive advantage.

Foundations for Strategy Formulation (STRTX-431-0)

Strategic Thinking (STRTM-910-5)


Business Strategy (STRT-431-0)
Strategy is the set of objectives, policies and resource commitments that collectively determine how a business positions itself to create wealth for its owners. This course introduces students to principles and conceptual frameworks for evaluating and formulating business strategy. Topics include the boundaries of the firm, the analysis of industry economics, strategic positioning and competitive advantage, and the role of resources and capabilities in shaping and sustaining competitive advantages.