Peter Koen (pkoen)

Peter Koen

Associate Professor

School of Business

Babbio Center 404
(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.

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 3M, P&G, WL Gore, ExxonMobil and Mondelez.

Institutional Service

  • Faculty Grievance Committee Member
  • Ad hoc Institute Committee on the Employee Handbook Chair
  • 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