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In 2011, Obeng won the Sir Monty Finniston Award for lifetime achievement by The Association for Project Management for his contributions to the study and practice of Project Management.

Obeng pioneered the use of bespoke business simulation games to help stimulate and embed learning. In 1995, together with Keith Still, pioneer in crowd dynamics, he created the now obsolete virtual reality game 'Columbus'. Programming required high powered SGI Indigo computers, although the simulation ran at 25 fps on a standard PC running Windows 95. In 2010, he launched 'The Cube' (later rebranded to QUBE). Obeng's innovation with QUBE was to focus on learning and application by integrating all the business models, frameworks, and tools into the virtual reality enabled environment.

In 1994, he established Pentacle (The Virtual Business School) to teach this philosophy and ensure that there was a "continuous link between learning and implementation".

Obeng's business career started as an engineer at Royal Dutch Shell before he became the youngest Executive Director of a European Business School when he moved to Ashridge Business School in 1987.

Edward David Asihene Obeng (born 1959) is a British organisational theorist, educator, and author, who serves as a professor at Henley Business School and Hult International Business School's Ashridge Executive Education. Oben founded Pentacle (The Virtual Business School) and serves as its executive director. Obeng has been described variously as "a leading revolutionary" and "an agent provocateur" by the Financial Times, and by Abbey National as their "secret weapon".