 In 2003, Lappeenranta University presented Teece with the first Viipuri International Prize in Strategic (Technology) Management and Business Economics.A 2008 analysis by Thomson Scientific found him to be one of the top-10 most-cited scholars in economics and business from 1997 to 2007.A 2011 article, “Innovation in Multi-Invention Contexts,” coauthored with Deepak Somaya and Simon Wakeman, was selected as the winner of the 2012 "California Management Review" Best Article Award.