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Michael Schrage

Visiting Scholar
Research Fellow, Initiative on the Digital Economy (IDE)
Visiting Fellow, Martin Trust Center for MIT Entrepreneurship
Visiting Fellow, Imperial College Department of Innovation and Entrepreneurship

Primary DLC

Initiative on the Digital Economy

MIT Room: E94-1521
(617) 253-8737
http://ide.mit.edu/about-us/people/michael-schrage

Areas of Interest and Expertise

Design and Deployment of New Products and Services
Role of Prototypes, Models and Simulations in Managing Innovation and Risk

Research Summary

Michael Schrage examines the various roles of models, prototypes, and simulations as collaborative media for innovation risk management. He has served as an advisor on innovation issues and investments to major firms, including Mars, Procter & Gamble, Google, Intel, BT, Siemens, NASDAQ, IBM, and Alcoa. In addition, Schrage has advised segments of the national security community on cyber conflict and cybersecurity issues. He has presented workshops on design experimentation and innovation risk for businesses, organizations, and executive education programs worldwide. Along with running summer workshops on future technologies for the Pentagon's Office of Net Assessment, he has served on the technical advisory committee of MIT's Lincoln Laboratory. In collaboration with the Center for Strategic and International Studies (CSIS), Schrage helped launch a series of workshops sponsored by the Department of Defense on federal complex systems procurement. In 2007, he served as a judge for the Industrial Designers Society of America's global International Design Excellence Awards.

Recent Work

  • Video

    Future of Knowledge, Systems, Skills, and Intelligence

    April 1, 2025Conference Video Duration: 48:42

    Future of Knowledge, Systems, Skills, and Intelligence

    Moderator:

    • Michael Schrage | Research Fellow, MIT Initiative on the Digital Economy, MIT Sloan School of Management

    Panelists:

    • Josh Tenenbaum | Professor, MIT Department of Brain and Cognitive Sciences
    • Caspar Hare | Professor, MIT Department of Linguistics and Philosophy
    • Agustin Rayo | Dean, MIT School of Humanities, Arts, and Social Sciences
    • Sam Madden | Computer Science Head, MIT Department of Electrical Engineering and Computer Science

    12.7.23-Digital-Twins-Schrage

    December 7, 2023Conference Video Duration: 16:52
    Digital Twins: From KPIs to KPAIs

    6.2023-London-Doing the Future Right

    June 20, 2023Conference Video Duration: 50:25
    Session Two: Values - Doing the Future Right 

    6.2023-London-Powering-the-Future

    June 20, 2023Conference Video Duration: 67:41
    Session One (B): Powering the Future - Energy and Sustainability

    RD-11.15-16.2022-Panel-Transition-or-Transformation

    November 15, 2022Conference Video Duration: 33:25

    Michael Schrage
    Research Fellow, MIT Initiative on the Digital Economy, MIT Sloan School of Management
    Elisabeth B. Reynolds
    Former Special Assistant to the President for Manufacturing and Economic Development
    Former Executive Director, MIT Task Force on the Work of the Future
    Principal Research Scientist
    Lecturer, Department of Urban Studies and Planning, MIT Department of Urban Studies and Planning
    Suzanne Berger
    John M. Deutch Institute Professor of Political Science, MIT Political Science
    Simon Johnson
    Ronald A Kurtz (1954) Professor of Entrepreneurship, Professor of Global Economics and Management, MIT Sloan School of Management

    RD-11.15-16.2022-Anttonen-Schrage

    November 15, 2022Conference Video Duration: 11:21
    Michael Schrage
    Research Fellow, MIT Initiative on the Digital Economy, MIT Sloan School of Management
    Mika Anttonen
    Founder and Chairman, St1 Nordic

    10.12-13.22-DigitalTech-Schrage

    October 12, 2022Conference Video Duration: 34:50
    Michael Schrage
    Research Fellow, MIT Sloan School's Initiative on the Digital Economy  

    2022-Finland-Michael-Schrage

    April 26, 2022Conference Video Duration: 44:29
    Michael Schrage
    Research Fellow, MIT Sloan School's Initiative on the Digital Economy

    10.6.20-Complementing-Evolving-Shopper-Behavior

    October 6, 2020Conference Video Duration: 62:26

    Nudges, Winks & Smiles: Designing Data-led Recommendation, Promotion and Loyalty
    Online Disruption: Friend or Foe in the Future of Retail?

    7.9.20-Back-to-the-New-Workplace-post-COVID-19-Panel-Discussion

    July 9, 2020 Duration: 40:30
    Michael Schrage
    Research Fellow, MIT Sloan School's Initiative on the Digital Economy

    Ramesh Raskar
    Associate Professor of Media Arts and Sciences
    NEC Career Development Professor
    MIT Media Lab
    Jeffrey Delmore, JD
    VP, Corporate Risk Manager, FM Global

    Newsha Ghaeli
    President & Cofounder, Biobot

    Rony Kubat
    Cofounder & CTO, Tulip Interfaces

    Ellen Nussbaum
    CEO, Humanyze

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