Professor · KTH Royal Institute of Technology · Stockholm
Value creation, innovative business models, and non-traditional marketing.
Dr. Terrence E. Brown is Professor of Technology-Based Entrepreneurship at KTH and the founding editor-in-chief of the International Journal of Entrepreneurial Venturing. He studies how businesses create value as they start, grow and transform, including what AI changes for startups. Thirty years of teaching founders and two Ph.D.s: his first Ph.D. dissertation (1996) won the NFIB Dissertation Award from the Academy of Management as the best in entrepreneurship, and his second (2018) introduced the consumer digital twin.

Terrence E. Brown, Ph.D.
Professor of Technology-Based Entrepreneurship, KTH Royal Institute of Technology
2
Ph.D.s
18
years as founding editor of a peer-reviewed journal
50+
peer-reviewed publications
30
years teaching on four continents
Appointments and degrees
KTH Royal Institute of TechnologyStockholm School of EntrepreneurshipThe Wharton SchoolRutgers UniversityLuleå University of TechnologyBrown University
What he talks about
His research, and what he comments on
01
Value creation: starting, growing and transforming businesses
How companies create value at each stage, from the first idea to growth to reinventing an established business.
Interview angles →
02
Startups and AI
What artificial intelligence changes about starting and scaling a company: who can start one, how fast, and what still decides who wins.
Interview angles →
03
Innovative business models
Why the business model, not the product, often decides who wins, and how AI is creating models that did not exist before.
Interview angles →
04
Non-traditional marketing
Marketing strategies and techniques outside the textbook, and the evidence for whether they work.
Interview angles →
05
Know, Like, Trust
Why trust, not reach, decides who customers buy from, the subject of his forthcoming book.
Interview angles →
Books
Practical books for founders and the people who back them
Coming soon
The ABCs of Entrepreneurship
An A to Z of short, practical entries on starting and growing a company, written for founders and for anyone thinking about becoming one. Read it in any order and come back when a new question comes up.
In progress
Know, Like, Trust
Why trust decides who customers buy from, how it is earned, and what changes when artificial intelligence can fake almost every signal people used to rely on.
Journalists and reviewers: request a review copy.
Writing
Recent notes
November 13, 2026
Marlboro launched as a women's cigarette. Then research found men were worried about being seen smoking one.
Philip Morris introduced Marlboro in 1924. Its early ads leaned on "Mild as May" and how ladylike the filter was. Leo Burnett conceived the Marlboro Man in 1954, and the cowboy ads went national in early 1955. The ads avoided health claims about the filter. The brand rose from less than 1% share to the fourth best-selling brand. The 1963 line was "Come to where the flavor is. Come to Marlboro Country." In 1972 Marlboro became the best-selling tobacco brand in the world, according to Ad Age and Adweek. The story has a second half. David McLean, one of the Marlboro Man actors, died of lung cancer in 1995 at 73. Tobin Jackson died of lung cancer in 2008. Eric Lawson died of COPD in 2014. Marlboro Reds picked up the nickname "cowboy killers." In 1976 a documentary, Death in the West, set the cowboy image against 6 real cowboys who died of smoking-related illnesses. Philip Morris sued, and a secret settlement in 1979 kept the film out of sight until it aired in 1982. A new customer is a new promise. What promise are you making that you couldn't defend?
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November 12, 2026
WestJet's new seats went through certification. Then a 6'5" passenger sat in one.
In October 2025, WestJet called the change a "cabin refresh." On 22 Boeing 737s it cut economy seat pitch to 28 inches, the tightest of any major Canadian airline, and added one row, taking each plane from 174 seats to 180. The airline said the layout went through a full certification process. Another 21 planes were next. Then the videos started. One TikTok passed 1 million views, and others showed tall passengers with their knees against the seat in front. Staff and passengers raised concerns about getting out in an emergency, and the flight attendants' union said it wasn't consulted. WestJet paused in December and reversed on January 16, 2026. Once it has an engineering certificate, a row comes out of each reconfigured plane, back to 174 seats. CEO Alexis von Hoensbroech said trying new products is "in our DNA," and that it's "just as important to react quickly if they don't meet the needs of our guests." One report says an executive told staff the reversal was costly. The reports I read give no dollar figure. Passenger rights expert Gábor Lukács put it plainly: "The passenger has to be able to fit into the seat." Certification tells you whether you're allowed to sell something. It doesn't tell you whether it works for the person sitting in it. A change can be approved, certified and signed off by everyone in the building and still be wrong, and a survey won't show you that. You have to watch. Before you change a price, a plan, a package or a seat, watch 10 customers use it. Then ask your front line, who will see the problem long before your dashboard does. What's the last change you shipped that you never watched a customer use?
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November 11, 2026
About 60% of Lego's sales come from products that didn't exist before. Roughly 0% come from a new kind of brick.
That's how Rivkin of Harvard Business School describes Lego's innovation in a Working Knowledge interview. It's also the opposite of how Lego nearly died. In the 1990s the company stretched its brand into amusement parks, video games, children's clothing and wristwatches. It kept adding new brick shapes too. The HBS case notes say more bricks made products harder to assemble, forecasts harder to make and inventory harder to manage. Lego posted its first financial loss in 1998. A restructuring followed, with layoffs, streamlined production and design centers in London, Milan and San Francisco. Rivkin says that made things worse. By 2004 he describes the company as on the brink of bankruptcy, with a takeover by a rival or a private equity firm possible. Popular but unconfirmed figures say it was losing almost $1 million a day with nearly $800 million in debt. That year Jørgen Vig Knudstorp became CEO in his mid-30s. He fired five of seven manufacturing executives, removed many of the unique brick components added in the years before and brought brick manufacturing back in-house. Rivkin says the company's return on invested capital later rose above 100 percent. Lego didn't stop being creative. It chose where creativity was allowed. Sets, themes and characters keep changing, and the brick itself does not. Plenty of founders get this backwards. They add a new feature, a new tier and a new market, and call it growth. Each one adds complexity somewhere, usually in operations, where nobody is watching until the inventory piles up. Decide what in your business can never change, then be as inventive as you like around it. What's your brick?
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For journalists, editors and podcast hosts
Expert comment on trust, entrepreneurship and AI, in English or Swedish.