Scott was elected to membership in the National Academy of Medicine in 1975. In 1988 he was recipient of the Distinguished Scholar Award from the Management and Organization Theory Division of the Academy of Management. In 1996 he was awarded the Richard D. Irwin Award for Distinguished Scholarly Contributions to Management from the Academy of Management. In 2013 he received the Distinguished Educator Award from the same Division; and in 2015, he was named the Eminent Scholasr of the Year by the Academy of International Business.