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Dr. Penney earned his PhD from Florida State University. His research focuses on alliance portfolios, family business, and firm diversification. His work has been published in Entrepreneurship Theory & Practice, Journal of Knowledge Management, Journal of Small Business Management, Journal of Business Strategies, and International Journal of Strategic Business Alliances. Dr. Penney is the advisor for the Entrepreneurship and Family Business student club and leads UNT students to the Family Enterprise Case Competition in Vermont each January.