Peter Koen

Associate Professor

School: School of Business

Building: Babbio Center

Room: 404

Phone: (201) 216-5406

Fax: (201) 216-5385



Peter is engaged in research directed at: Optimizing the Front End of Innovation and determining the most effective practices in the Front End. The New Concept Development model, developed with 13 other companies, is being adopted by industry as a theoretical construct for understanding the front end. Peter is also actively working with Cabot, Dow Corning, Ethicon, ExxonMobil, International Flavors and Fragrances, Rohm and Haas, Valvoline and WelchAllyn under a project funded through the National Science Foundation under the auspices of the Industrial Research Institute to determine the most effective practices in the front end utilized by “Best in Class” companies. Determining approaches and organizational structures (i.e. processes, people, strategies, sponsorship, knowledge management, etc.) on how companies manage breakthrough opportunities. Co-directing an Industrial Research Institute Research on Research project focused on understanding and finding solutions to Breakthrough Innovation Dilemma’s that large companies encounter.

General Information

Peter Koen is a tenured Associate Professor in the School of Business. He is currently the director of the Consortium for Corporate Entrepreneurship (CCE), which he founded in 1998, and whose mission is to significantly increase the number, speed and success probability of highly profitable products and services at the “Front End of Innovation” ( – which is the discovery portion of the innovation process. Current consortium members include Ethicon (a division of Johnson and Johnson), ExxonMobil and P&G.

Institutional Service
  • Deans Committee Member
  • Faculty Senate Member
  • Graduate Academic Committee Member
  • Management and Marketing Committee Member
  • School of Business Nominating Committee Chair
  • School of Business P&T Chair
  • Institute ad-hoc joint faculty handbook committee Member
Professional Service
  • Chairperson of FEI Conference

Associate Professor, Wesley J. Howe School of Technology of Management, Stevens Institute of Technology, Hoboken, New Jersey

Honors and Awards

Stevens Institute of Technology Alexander Crombie Humphreys Distinguished Teaching Associate Professor Award, 2007. (Given to the “Best” Associate Professor at Stevens in 2007). Wesley Howe School of Technology Management Best Teacher Award 2007. New IE Educator Outstanding 1998 Annual ASEE Conference Paper Award, “ABET 2000: What are the most important Criteria to the Supervisors if New Engineering Undergraduates” Stevens Institute of Technology Alexander Crombie Humphreys Distinguished Teaching Associate Professor Award, 1998. (Given to the “Best” Associate Professor at Stevens in 1998). Pi Tau Sigma (Mechanical Engineering Honor Society) Tau Beta Pi (Engineering Honor Society) Sigma Xi David Orr Mechanical Engineering Prize National Science Foundation Fellowship (1966 - 1967) National Heart and Lung Institute Traineeship (1974 - 1977)

Professional Societies
  • Academy of Management Member
  • American Society of Mechanical Engineers Member
  • Product Development Management Association Member
Patents and Inventions

1. Determination and Quantification of Saccharides by Luminescence Lifetimes and Energy Transfer", US Patent # 5,246,867, Issued September 21, 1993, Inventors: J. Lakowicz, B.P. Maliwal, P.Koen. 2. A Method and Apparatus for Generating and Evaluating Ideas in an Organization, US provisional patent 61/014466, filed on december 18, 2007, Inventors: G. Kamp and P. Koen

Selected Publications
Journal Article