Professor and Charles A. Taff Chair of Economics and Strategy
Research Interests: Competition, competition policy, deregulation, and microeconomic reform.
Curt Grimm is Professor and Charles A. Taff Chair of Economics and Strategy at the Robert H. Smith School of Business, University of Maryland. From 1995-2003 Professor Grimm served as Logistics, Business and Public Policy department chair. He received his Ph.D. in economics from the University of California-Berkeley, with primary focus on industrial organization.
Professor Grimm was named one of the University of Maryland’s 2010-2011 Distinguished Scholar-Teachers. The Distinguished Scholar-Teacher Program, established in 1978, honors a small number of Maryland faculty members each year who have demonstrated notable success in both scholarship and teaching.
Professor Grimm has conducted extensive research in both supply chain and strategic management. His research has focused on the interface of business and public policy with strategic management, with a particular emphasis on competition, competition policy, deregulation and microeconomic reform both in the U.S. and overseas. This research has resulted in four books and more than 80 published articles.
Professor Grimm's research in supply chain has been centered on transportation public policy. More than two dozen publications have dealt specifically with the railroad industry, focusing mainly on deregulation, mergers and competition issues, and he is recognized as a leading authority in this area. During 1991-92 Professor Grimm was a visiting research fellow at the Australian Bureau of Transport and Communication Economics and led a team investigating the economic effects of Australian airline deregulation. Professor Grimm has consulted for a number of government agencies and private firms, including the Interstate Commerce Commission, the Canadian Consumer and Corporate Affairs Department, and several railroads and railroad shippers. In addition, he has testified before Congress on competitive effects of railroad mergers.
Professor Grimm's research in strategic management has origins in his participation since 1984 in the University of Maryland's Strategic Management Research Group. This research initiative, still active today, has challenged traditional ways of thinking about strategy and competitive interaction. A new competitive dynamics approach has emerged, based on Schumpeterian economics as a theoretical lens. In this perspective, strategy is a firm's actions and reactions, with timing of actions crucial to success. An action is defined as a specific market move, such as a price cut, a market expansion, or a special promotion designed to defend or improve the firm's competitive position. In contrast, a response is a market move taken by a competing firm to counteract the initial competitive action. A body of research has been developed based on the actual competitive actions and reactions of firms across a broad range of industries.
Professor Grimm's strategy research has been published in leading scholarly journals such as The Academy of Management Journal, Management Science, Organization Science, and Strategic Management Journal. He has co-authored two books on competitive strategy. His co-authored paper on "dethroning industry leaders" won the Best Paper Award from the Academy of Management Journal in 2000.
Professor Grimm was a recipient of the Allen J. Krowe Award for Teaching Excellence in 1988, and has been named as a Top 15% instructor twelve times.