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Laurel Ofstein

Laurel Ofstein

Faculty Director, Burgess Institute for Entrepreneurship and Innovation, Michigan State University
Laurel Ofstein is Faculty Director of the Burgess Institute for Entrepreneurship and Innovation and Associate Professor-Fixed Term in the Department of Management. Prior to coming to Michigan State University, Dr. Ofstein was Associate Professor of Management at Western Michigan University, Director of the Center for Entrepreneurship and Innovation, and Operations Director of the student business accelerator. Her research examines creativity, innovation and strategy within ecosystems, specifically entrepreneurial teams, organizations, and incubators. Most recently, her research focuses on social entrepreneurship, both within an incubator setting, as well as within the community through cross-sector social partnerships. She recently concluded an academic sabbatical during which she researched community-based incubators focused on poverty alleviation and economic development and the financial and social challenges associated with these efforts.

Dr. Ofstein recently co-authored a white paper on growth strategies of successful women entrepreneurs in partnership with Babson College and Bank of America. Her research has been published in several academic journals, including the International Small Business Journal, the Journal of Small Business and Enterprise Development, and the International Journal of Management Education.

Dr. Ofstein has taught courses at both the graduate and undergraduate levels on entrepreneurship, family business, and strategy at Western Michigan University, the University of Illinois at Chicago, and DePaul University. She has presented her research locally, nationally and internationally at academic and practitioner-focused conferences.

Before entering academia, Dr. Ofstein was a consultant in the financial services industry at Accenture, helping several Fortune 500 companies to streamline their financial processes and operations. She was also a Consulting Manager for a risk management company. Following her MBA degree at DePaul University, Dr. Ofstein served as the Assistant Director to the university’s Center for Creativity and Innovation and taught as adjunct faculty before pursuing her Ph.D. at the University of Illinois at Chicago.

Dr. Ofstein is a reviewer for several peer-reviewed entrepreneurship journals and has conducted editorial reviews of academic textbooks. She has not only published in academic journals, but also co-authored the book, Women in Business: The Changing Face of Leadership, as well as a related book chapter in the book, Gender, Race and Ethnicity in the Workplace.

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Economy

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Brent crude oil prices have tumbled more than 11% this week after the United States and Iran agreed to a two-week ceasefire, raising hopes that the Strait of Hormuz one of the worlds most critical oil shipping lanes ...

Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates

Bank of Japan Governor Kazuo Ueda reaffirmed on Thursday that Japans real interest rates remain firmly in negative territory, signaling that the countrys financial conditions continue to support economic growth. His...

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Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets

Asian currencies showed little movement on Thursday following strong gains in the prior session, as investor caution mounted over the stability of a U.S.-Iran ceasefire deal amid escalating Middle East tensions. The U.S....

Politics

Trump Warns Iran: No Deal Means Military Action as U.S. Forces Hold Position

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North Korea Tests Advanced Cluster Bombs, Electromagnetic Weapons in Latest Military Display

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Trump Pardon Clears Juan Orlando Hernández as U.S. Court Dismisses Drug Conviction Appeal

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Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

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Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

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NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

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Technology

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

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China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

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Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

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Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...
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