Faculty & Research

Dean Alderucci

Adjunct Professor of Strategic Management

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5807 South Woodlawn Avenue
Chicago, IL 60637

Dean Alderucci is an Adjunct Professor of Strategic Management at the University of Chicago Booth School of Business, where he teaches Innovation Strategy and is faculty advisor to the Innovation Group at Chicago Booth. Dean is an innovation consultant with over fifteen years of experience encompassing two areas - processes for innovating and patent protection for innovations.

Dean was previously Vice President of Cantor Fitzgerald, a global financial services firm, where he founded and was Chief Operating Officer of its Innovation Division. Before that he was Senior Vice President of IP Strategy at Walker Digital, an R & D laboratory and business incubator known for creating and spinning off Priceline.com and over a dozen other technology start-ups.

Dean operates in all phases of innovation, including teaching how to create new products and services, patent strategy, and commercialization of innovations. He teaches design thinking, ownable innovations, and other popular innovation methodologies. He also developed the field of formal processes for generating innovations that both are patentable and have maximum licensing value.

Dean is an inventor on more than 170 granted U.S. patents, and has been elected a Fellow of the National Academy of Inventors. His innovations span a wide range of fields including financial services, gaming, e-commerce systems, microprocessor design, firearms, machine learning, operating systems, and computer networking.

Dean's research focuses on relatively unexplored areas at the intersection of operations and innovation. His principal research interests include formal strategy frameworks for inventing, applying operations research tools to corporate patent processes, the gaps between design thinking and competitive responses, and protection processes designed for extremely high-value inventions.

Dean is a frequent speaker at educational institutions, corporations, and organizations on business innovation and management of corporate innovation processes. He has been a faculty member of various organizations that provide continuing legal education to attorneys. Dean is a registered patent attorney, is admitted to practice before various state and federal courts in the U.S., and is a Solicitor of the Senior Courts of England and Wales.

Dean holds Master of Science degrees from Columbia University in Computer Science, Applied Mathematics, and Operations Research, and a Master of Laws in Innovation & Information Law from New York University School of Law. He also holds B.S. and M.S. degrees in Computer Engineering from Boston University, where he graduated Summa Cum Laude and was inducted into the Tau Beta Pi Engineering Honor Society.


2015 - 2016 Course Schedule

Number Name Quarter
42122 Innovation Strategy 2015 (Fall)
42122 Innovation Strategy 2016 (Summer)

Correspondence: “Patents and the Dissemination of Inventions”, with William Baumol, Journal of Economic Perspectives, 27(4): 223-226 (2013)

“Rebutting a Major Misconception about the Patent System”, with William Baumol, AESTIMATIO, the IEB International Journal of Finance, Vol. 6, pp. 8-19 (2013)

Chapter 2 of AIPLA's Practitioner's Guide To Patenting Business Method & E-Commerce Inventions (2002)

“Monetization Strategies for Business Method Patents”, The Licensing Journal (November 2000)

“Integrating Patent Law and the Corporation”, 2 Yale Symposium on Law & Technology 1 (2000)