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Great Minds in Management

The Process of Theory Development

Edited by Ken G. Smith and Michael A. Hitt

Publication Date - July 2007

ISBN: 9780199276820

624 pages

In Stock

Retail Price to Students: $130.00

This text brings together some of the most influential and original thinkers in the field of managment theory.


In Great Minds In Management Ken G. Smith and Michael A. Hitt have brought together some of the most influential and original thinkers in management. Their contributions to this volume not only outline their landmark contributions to management theory, but also reflect on the process of theory development, presenting their own personal accounts of the gestation of these theories.

The result is not only an ambitious and original panorama of the key ideas in management theory presented by their originators, but also a unique collection of reflections on the process of theory development, an area which to date little has been written about by those who have actually had experience of building theory.

In their concluding chapter, Ken G. Smith and Michael A. Hitt draw together some common themes about the development of management theory over the last half a century, and suggest some of the conclusions to be drawn about how theory comes into being.

Contributors include: Chris Argyris, Albert Bandura, Jay B. Barney, Lee R. Beach, Kim Cameron, Michael R. Darby, Robert Folger, R. Edward Freeman, Michael Frese, J. Richard Hackman, Donald C. Hambrick, Michael A. Hitt, Anne S. Huff, Gary P. Latham, Edwin A. Locke, Henry Mintzberg, Terrence R. Mitchell, Richard T. Mowday, Ikujiro Nonaka, Greg R. Oldham, Jeffrey Pfeffer, Lyman W. Porter, Denise M. Rousseau, W. Richard Scott, Ken G. Smith, Barry M. Staw, Richard M. Steers, Victor H. Vroom, Karl E. Weick, Oliver E. Williamson, Sidney G. Winter, and Lynn Zucker.


  • Ambitious and original panorama of management theory
  • One-stop resource for all the major management theories by the academics who developed them
  • Contributors include the most distinguished and influential thinkers in management
  • Each theorist not only describes their theory, but also gives their personal reflections on how it developed

About the Author(s)

Ken G. Smith is the Dean's Chaired Professor of Business Strategy at the Robert H. Smith School of Business at the University of Maryland at College Park. Professor Smith is a former editor of the Academy of Management Review, and has co-authored and edited books on strategy and organizational cooperation. He is currently the President of the Academy of Management.

Michael A. Hitt is a Distinguished Professor and holds the Joseph Foster Chair in Business Leadership and the C.W. and Dorothy Conn Chair in New Ventures at Texas A&M University. Professor Hitt has written and edited numerous books and articles, including Mergers and Acquisitions: A Guide to Creating Value for Stakeholders (OUP, 2001). Professor Hitt has received awards for his writing and research, including the Distinguished Service Award from the Academy of Management in 2001.

Table of Contents

    1. The Process of Developing Mangement Theory, Michael A. Hitt and Ken G. Smith
    Part I: Individuals and Their Environment
    2. The Evolution of Social Cognitive Theory, Albert Bandura
    3. Image Theory, Lee R. Beach and Terrence R. Mitchell
    4. The Road to Fairness and Beyond, Robert Folger
    5. Proactive Individualism, Michael Frese
    6. Upper Echelons Theory: Origins, Twists and Turns, and Lessons Learned, Donald C. Hambrick
    7. Goal Setting Theory: Theory Building by Induction, Edwin A. Locked and Gary P. Latham
    8. How Job Characteristics Theory Happened, Greg R. Oldham and J. Richard Hackman
    9. Do Employee Attitudes Towards Organizations Matter? The Study of Employee Commitment to Organizations, Lyman W. Porter, Richard M. Steers, and Richard T. Mowday
    10. Developing Psychological Contract Theory, Denise M. Rousseau
    11. The Escalation of Commitment: Steps Toward an Organizational Theory, Barry M. Staw
    12. On the Origins of Expectancy Theory, Victor H. Vroom
    Part II: Behavior of Organizations
    13. Double-Loop Learning in Organizations: A Theory of Action Perspective, Chris Argyris
    14. Where Does Inequality Come From? The Personal and Intellectual Roots of Resource-Based Theory, Jay B. Barney
    15. Organizational Effectiveness: Its Demise and Re-Emergence Through Positive Organizational Scholarship, Kim Cameron
    16. Managerial and Organizational Cognition: Islands of Coherence, Anne S. Huff
    17. Develping Theory About the Development of Theory, Henry Mintzberg
    18. Managing Organizational Knowledge: Theoretical and Methodological Foundations, Ikujiro Nonaka
    19. The Experience of Theorizing: Sensemaking as Topic and Resource, Karl E. Weick
    Part III: Environmental Contingencies and Organizations
    20. The Development of Stakeholder Theory: An Idiosyncratic Approach, R. Edward Freeman
    21. Developing Resouce Dependence Theory: How Theory is Affected by its Environment, Jeffrey Pfeffer
    22. Institutional Theroy: Contributing to a Theoretical Research Program, W. Richard Scott
    23. Transaction Cost Economics: The Process of Theory Development, Oliver E. Williamson
    24. Developing Evolutionary Theory for Economics and Management, Sidney G. Winter
    25. An Evolutionary Approach to Institutions and Social Construction: Process and Structure, Lynn Zucker and Michael R. Darby
    26. Learning How to Develop Theory from the Masters, Ken G. Smith and Michael A. Hitt

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