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Every week, a business school professor, an expert in his or her field, defines key terms on FT Lexicon, our online economics, business and finance glossary.

Aaron Chatterji is associate professor at Duke University’s Fuqua School of Business. He received his PhD from the Haas School of Business at the University of California at Berkeley and his BA in Economics from Cornell University.

From 2010 to 2011, Prof Chatterji served as a senior economist at the White House Council of Economic Advisors (CEA) where he worked on a wide range of policies relating to entrepreneurship, innovation, infrastructure and economic growth.

Prof Chatterji’s research and teaching investigate entrepreneurship, innovation, and the expanding social mission of business. He is especially interested in the fluid boundaries between government and business, and how public policies interact with the activities of responsible companies, social entrepreneurs, and creative customers. He is a faculty affiliate of the Health Sector Management programme, the Center for Entrepreneurship and Innovation, and the Center for Energy, Development and Global Environment at Duke University.

Prof Chatterji has testified as an expert witness at the House Committee on Small Business and the US Department of State.

He is a board member for Durham Communities in Schools and has been an entrepreneurship teacher at a Durham public high school, an advisor for Duke’s Programme for Entrepreneurs, and a Fellow at the Center for American Progress. Prof Chatterji was awarded an inaugural Junior Faculty Fellowship from the Kauffman Foundation to recognise his work as a leading scholar in entrepreneurship. He also received the Rising Star award from the Aspen Institute for his work on business and public policy. He previously worked as a financial analyst at Goldman Sachs.

The terms defined by Aaron Chatterji on FT Lexicon this week are:

Elevator pitch

3 Fs

Disruptive innovation

JOBS act

Pivot

Compiled by Emmanuelle Smith

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