Dr. Jeff Shay

Dr. Jeff Shay



Bank of Montana is proud and grateful to have Dr. Jeff Shay serve as a Director of the Board. Among all the prestigious credentials and accomplishments he has achieved in his lengthy career, Bank of Montana is most grateful for Jeff’s integral role in developing the business plan for Bank of Montana at its inception. Dr. Shay also serves on Bank of Montana’s Audit Committee as well as other committees within the bank.

Dr. Shay is a Professor in the Entrepreneurship Division at Babson College in Wellesley, Massachusetts. Prior to Babson, he served as the Rupert Johnson Professor of Entrepreneurship and Leadership at Washington and Lee University where he designed and launched a comprehensive entrepreneurship program. Prior to that he was the Jack Poe Professor of Entrepreneurship at the University of Montana. He has also taught courses at London School of Economics, Peking University, Cornell University, and University of Brescia. He has also provided invited seminars for faculty in Asia, South America, Central America, and Europe. In addition, he has provided executive training for Hyundai Corporation, Four Seasons Hotels and Resorts, Petronas Oil, Hilton International Hotel Group, Shanghai International Port Group, Maersk Shipping, Ace Insurance, and the American Express Travel Group.

Dr. Shay’s research has been published in Academy of Management Journal, Journal of International Business Studies, International Journal of Cross-cultural Management, Long Range Planning, Journal of Management Inquiry, Journal of International Management, Case Research Journal, Journal of Management Education, Cornell Hotel and Restaurant Administration Quarterly, and International Journal of Organizational Analysis. In addition, he has received best paper awards at Academy of Management, Western Academy of Management, and the North American Case Research Association Conferences. His research has been recognized through receiving numerous awards, including Western Academy of Management’s Ascendant Scholar Award, Western Academy of Management’s Joan Dahl President’s Award, and the Fellow Award by the North American Case Research Association. He served two terms as President of the North American Case Research Association, and one term as President of the Western Academy of Management, and one term as President of the Western Casewriter’s Association.

Dr. Shay’s professional experience includes over 35 years providing strategic planning, international business planning, and new venture development consulting services through his company, Shay Consulting International. His current and past clients include: Eatrenalin, AD Little, NASA, Big Sky Brewing, Bank of Montana, TerraEchos, Bitter End, Bitterroot Resort, Blue Cross – Blue Shield Montana, Benchmark Simulations, Watson Children Shelter, Montana World Trade Center, Hi-Noon Petroleum, and Precision Partners.


  • Ph.D. Cornell University, 1999
  • MBA Babson Graduate School of Business, 1991
  • BS Babson College, 1987


Dr. Shay spends his free time actively engaging in competitive and recreational sports (golf, skiing, biking). He spends his summers in Niantic, Connecticut where he campaigns his one-design racing sailboat, a 31-foot Atlantic Class sloop. At Babson College he received the Scholar/Athlete Award, was a four-time All-East alpine skier, and after college raced on the United States Pro Tour.