THEORY DEVELOPMENT AS OBSERVATIONAL PUZZLE-SOLVING Donald C. Hambrick SMEAL COLLEGE OF BUSINESS OUTLINE SMEAL College of Business 2 OUTLINE 1. De-Mystifying Theory • Q and A SMEAL College of Business 3 OUTLINE 1. De-Mystifying Theory • Q and A 2. Theory Development as Observational Puzzle-Solving: Some Personal Experiences • Q and A SMEAL College of Business 4 OUTLINE 1. De-Mystifying Theory • Q and A 2. Theory Development as Observational Puzzle-Solving: Some Personal Experiences • Q and A 3. Theory Development From Rich Qualitative Data • Q and A SMEAL College of Business 5 OUTLINE 1. De-Mystifying Theory • Q and A 2. Theory Development as Observational Puzzle-Solving: Some Personal Experiences • Q and A 3. Theory Development From Rich Qualitative Data • Q and A 4. Open Discussion SMEAL College of Business 6 DE-MYSTIFYING THEORY What is “theory”? SMEAL College of Business 7 DE-MYSTIFYING THEORY What is “theory”? • The scientist’s job: to search for and explain patterns SMEAL College of Business 8 DE-MYSTIFYING THEORY What is “theory”? • The scientist’s job: to search for and explain patterns • Let’s adopt Dubin’s classic perspective X SMEAL College of Business Y 9 DE-MYSTIFYING THEORY What is “theory”? • The scientist’s job: to search for and explain patterns • Let’s adopt Dubin’s classic perspective X Why? SMEAL College of Business Y 10 DE-MYSTIFYING THEORY What is “theory”? • The scientist’s job: to search for and explain patterns • Let’s adopt Dubin’s classic perspective X Why? SMEAL College of Business theory! Y 11 DE-MYSTIFYING THEORY What is “theory”? • The scientist’s job: to search for and explain patterns • Let’s adopt Dubin’s classic perspective X Why theory! Y • Or, as Kaplan said, “Theory explains why empirical patterns were observed or are expected to be observed. SMEAL College of Business 12 DE-MYSTIFYING THEORY A couple examples: SMEAL College of Business 13 DE-MYSTIFYING THEORY A couple examples: Equity Theory SMEAL College of Business 14 DE-MYSTIFYING THEORY A couple examples: Equity Theory One’s Perception of Being Overpaid (or Underpaid) Relative to One’s Contribution SMEAL College of Business Increased (or Decreased) Effort 15 DE-MYSTIFYING THEORY A couple examples: Equity Theory One’s Perception of Being Overpaid (or Underpaid) Relative to One’s Contribution SMEAL College of Business Increased (or Decreased) Effort 16 DE-MYSTIFYING THEORY A couple examples: Equity Theory One’s Perception of Being Overpaid (or Underpaid) Relative to One’s Contribution Increased (or Decreased) Effort Agency Theory (as applied to corporate governance) SMEAL College of Business 17 DE-MYSTIFYING THEORY A couple examples: Equity Theory One’s Perception of Being Overpaid (or Underpaid) Relative to One’s Contribution Increased (or Decreased) Effort Agency Theory (as applied to corporate governance) When owners hire others to manage their firms… SMEAL College of Business Bad outcomes for the owners 18 DE-MYSTIFYING THEORY A couple examples: Equity Theory One’s Perception of Being Overpaid (or Underpaid) Relative to One’s Contribution Increased (or Decreased) Effort Agency Theory (as applied to corporate governance) When owners hire others to manage their firms… SMEAL College of Business Bad outcomes for the owners 19 DE-MYSTIFYING THEORY So, what does it mean to make a “theoretical contribution”? SMEAL College of Business 20 DE-MYSTIFYING THEORY So, what does it mean to make a “theoretical contribution”? When owners hire others to manage their firms… SMEAL College of Business Bad outcomes for the owner 21 DE-MYSTIFYING THEORY So, what does it mean to make a “theoretical contribution”? When owners hire others to manage their firms… Bad outcomes for the owner • develop a brand-new theory SMEAL College of Business 22 DE-MYSTIFYING THEORY So, what does it mean to make a “theoretical contribution”? When owners hire others to manage their firms… Bad outcomes for the owner • develop a brand-new theory • add to an existing theory • clarify the operative mechanisms (mediators) • introduce moderators • add new concepts SMEAL College of Business 23 DE-MYSTIFYING THEORY So, what does it mean to make a “theoretical contribution”? When owners hire others to manage their firms… Bad outcomes for the owner • develop a brand-new theory • add to an existing theory • clarify the operative mechanisms (mediators) • introduce moderators • add new concepts • identify or elaborate on the implications of the theory SMEAL College of Business 24 DE-MYSTIFYING THEORY So, what does it mean to make a “theoretical contribution”? When owners hire others to manage their firms… Bad outcomes for the owner • develop a brand-new theory • add to an existing theory • clarify the operative mechanisms (mediators) • introduce moderators • add new concepts • identify or elaborate on the implications of the theory • “subtract from” the theory • identify important boundary conditions • logically argue or demonstrate that the theory is weak/wrong SMEAL College of Business 25 DE-MYSTIFYING THEORY How do we assess the “quality” of a theoretical contribution? SMEAL College of Business 26 DE-MYSTIFYING THEORY How do we assess the “quality” of a theoretical contribution? • generality • including the scope of its implications • a very encompassing theory qualifies as a paradigm SMEAL College of Business 27 DE-MYSTIFYING THEORY How do we assess the “quality” of a theoretical contribution? • generality • including the scope of its implications • a very encompassing theory qualifies as a paradigm • simplicity SMEAL College of Business 28 DE-MYSTIFYING THEORY How do we assess the “quality” of a theoretical contribution? • generality • including the scope of its implications • a very encompassing theory qualifies as a paradigm • simplicity • accuracy SMEAL College of Business 29 DE-MYSTIFYING THEORY How do we assess the “quality” of a theoretical contribution? • generality • including the scope of its implications • a very encompassing theory qualifies as a paradigm • simplicity • accuracy • surprise SMEAL College of Business 30 DE-MYSTIFYING THEORY How do we assess the “quality” of a theoretical contribution? • generality • including the scope of its implications • a very encompassing theory qualifies as a paradigm • simplicity • accuracy • surprise When Sutton and Staw refer to “strong theory,” what do they mean? SMEAL College of Business 31 DE-MYSTIFYING THEORY How do we assess the “quality” of a theoretical contribution? • generality • including the scope of its implications • a very encompassing theory qualifies as a paradigm • simplicity • accuracy • surprise When Sutton and Staw refer to “strong theory,” what do they mean? • clarity of argumentation • logical consistency SMEAL College of Business 32 DE-MYSTIFYING THEORY Questions? SMEAL College of Business 33 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES SMEAL College of Business 34 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Where do theoretical ideas not come from? SMEAL College of Business 35 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Where do theoretical ideas not come from? • reading in isolation SMEAL College of Business 36 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Where do theoretical ideas not come from? • reading in isolation • thinking in isolation SMEAL College of Business 37 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Where do theoretical ideas not come from? • reading in isolation • thinking in isolation • intentions to theorize SMEAL College of Business 38 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Where do theoretical ideas not come from? • reading in isolation • thinking in isolation • intentions to theorize Instead, theoretical ideas “emerge” from observational puzzle-solving: “Why is it…?” “Have you ever noticed…?” SMEAL College of Business 39 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Where do theoretical ideas not come from? • reading in isolation • thinking in isolation • intentions to theorize Instead, theoretical ideas “emerge” from observational puzzle-solving: “Why is it…?” “Have you ever noticed…?” Namely, to develop theory, you need data! • aggregate, large-N data • fine, rich, small-N data • accumulation of data – via experience SMEAL College of Business 40 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Let me illustrate with three of my successes in theory/concept development: • Upper echelons theory • Managerial discretion • Behavioral integration (within top management teams, or TMTs) SMEAL College of Business 41 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Upper echelons theory: Executive Characteristics SMEAL College of Business Strategic Choice 42 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Upper echelons theory: Executive Characteristics SMEAL College of Business Strategic Choice (more accurately a “framework”) 43 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Upper echelons theory: Executive Characteristics Strategic Choice (more accurately a “framework”) Originally (in 1975) a term paper for a PhD seminar SMEAL College of Business 44 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Upper echelons theory: Executive Characteristics Strategic Choice (more accurately a “framework”) Originally (in 1975) a term paper for a PhD seminar The data that puzzled me: Why does Fortune magazine devote space to reporting the detailed demographic backgrounds of 500 CEOs every year? SMEAL College of Business 45 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Upper echelons theory: Executive Characteristics Strategic Choice (more accurately a “framework”) Originally (in 1975) a term paper for a PhD seminar The data that puzzled me: Why does Fortune magazine devote space to reporting the detailed demographic backgrounds of 500 CEOs every year? Later, (in 1983), a discussion with my PhD student Phyllis Mason The data that puzzled me: I wonder if I’m having any effect on my MBA students? SMEAL College of Business 46 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Upper echelons theory: Executive Characteristics Strategic Choice (more accurately a “framework”) Originally (in 1975) a term paper for a PhD seminar The data that puzzled me: Why does Fortune magazine devote space to reporting the detailed demographic backgrounds of 500 CEOs every year? Later, (in 1983), a discussion with my PhD student Phyllis Mason The data that puzzled me: I wonder if I’m having any effect on my MBA students? I wonder if executives who have MBAs are any different from those without MBAs? SMEAL College of Business 47 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Hambrick & Mason (AMR, 1984) was a happy confluence of three things SMEAL College of Business a fun discussion with Phyllis Mason in 1983 recollection of the 1975 paper insights from my 1979 dissertation on environmental scanning 48 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES The eventual Upper Echelons model: SMEAL College of Business 49 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Managerial Discretion (a concept, not a theory) SMEAL College of Business 50 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Managerial Discretion (a concept, not a theory) • initially presented by Hambrick and Finkelstein, ROB, 1987 SMEAL College of Business 51 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Managerial Discretion (a concept, not a theory) • initially presented by Hambrick and Finkelstein, ROB, 1987 • definition: latitude of managerial action (Or, how much choice does a manager have?) SMEAL College of Business 52 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Managerial Discretion (a concept, not a theory) • initially presented by Hambrick and Finkelstein, ROB, 1987 • definition: latitude of managerial action (Or, how much choice does a manager have?) • introduced as a way to bridge, or reconcile, opposing views about how much influence executives have over organizational outcomes. SMEAL College of Business 53 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Of course, managerial discretion has major implications for upper echelons theory: Managerial Discretion Executive Characteristics SMEAL College of Business Strategic Choice 54 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES So, where did we get the idea of managerial discretion? SMEAL College of Business 55 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES So, where did we get the idea of managerial discretion? The data that puzzled us: Why does CEO pay differ so greatly between different industries? SMEAL College of Business 56 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES So, where did we get the idea of managerial discretion? The data that puzzled us: Why does CEO pay differ so greatly between different industries? But also, from years before, my puzzlement about the CEO of the Penn State University Credit Union… SMEAL College of Business 57 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES So, where did we get the idea of managerial discretion? The data that puzzled us: Why does CEO pay differ so greatly between different industries? But also, from years before, my puzzlement about the CEO of the Penn State University Credit Union… Front Door CEO glass cubicle Tellers/clerks SMEAL College of Business 58 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Behavioral Integration (a concept, not a theory) SMEAL College of Business 59 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Behavioral Integration (a concept, not a theory) • initially presented by Hambrick, ROB, 1994 SMEAL College of Business 60 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Behavioral Integration (a concept, not a theory) • initially presented by Hambrick, ROB, 1994 • definition: the degree to which members of a TMT engage in mutual and collective interaction SMEAL College of Business 61 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Behavioral Integration (a concept, not a theory) • initially presented by Hambrick, ROB, 1994 • definition: the degree to which members of a TMT engage in mutual and collective interaction • of course, behavioral integration has major implications for upper echelons theory, particularly if the TMT is the unit of analysis Behavioral Integration TMT Characteristics SMEAL College of Business Strategic Choice 62 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES So, where did the concept of behavioral integration come from? The data that puzzled me: SMEAL College of Business 63 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES So, where did the concept of behavioral integration come from? The data that puzzled me: • In field interviews, some CEOs needed a lot of clarification when I started asking about their “top management teams.” SMEAL College of Business 64 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES So, where did the concept of behavioral integration come from? The data that puzzled me: • In field interviews, some CEOs needed a lot of clarification when I started asking about their “top management teams.” • Then, when I started talking to TMT members, and watching them in action, it became clear that some senior groups have very few “team” properties. SMEAL College of Business 65 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES So, where did the concept of behavioral integration come from? The data that puzzled me: • In field interviews, some CEOs needed a lot of clarification when I started asking about their “top management teams.” • Then, when I started talking to TMT members, and watching them in action, it became clear that some senior groups have very few “team” properties. “Team? How do you define “team”? When I think of a team, I think of interaction, give-and-take, and shared purpose. Here, we’re a collection of strong players but hardly a “team.” We rarely meet as a team – rarely see each other, in fact. We don’t particularly share the same views. I wouldn’t say we actually work at cross-purposes, but a lot of self-centered behavior occurs. Where’s the “team” in all this?” SMEAL College of Business 66 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Of course, I cannot begin to describe the many wonderful theoretical ideas I have not had. SMEAL College of Business 67 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Of course, I cannot begin to describe the many wonderful theoretical ideas I have not had. All I know is what’s worked for me: Theory development as observational puzzle-solving SMEAL College of Business 68 THEORY DEVELOPMENT: SOME PERSONAL EXPERIENCES Questions? SMEAL College of Business 69 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA “It is the intimate connection with empirical reality that permits the development of a testable, relevant, and valid theory.” Glaser and Strauss SMEAL College of Business 70 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA “It is the intimate connection with empirical reality that permits the development of a testable, relevant, and valid theory.” Glaser and Strauss Want to come up with theoretical ideas? Get inside organizations. Talk to managers and workers. Think about what you hear and see. SMEAL College of Business 71 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA “It is the intimate connection with empirical reality that permits the development of a testable, relevant, and valid theory.” Glaser and Strauss Want to come up with theoretical ideas? Get inside organizations. Talk to managers and workers. Think about what you hear and see. Want to come up with really good theoretical ideas? Get inside organizations. Talk to managers and workers. Think about what you hear and see. SMEAL College of Business 72 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA In-depth qualitative research can be useful in several ways: SMEAL College of Business 73 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA In-depth qualitative research can be useful in several ways: It can lead directly to a theory. SMEAL College of Business 74 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA In-depth qualitative research can be useful in several ways: It can lead directly to a theory. (e.g., Eisenhardt, Burgelman, Gioia) SMEAL College of Business 75 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA In-depth qualitative research can be useful in several ways: It can lead directly to a theory. (e.g., Eisenhardt, Burgelman, Gioia) It can help you understand your phenomena of interest. SMEAL College of Business 76 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA In-depth qualitative research can be useful in several ways: It can lead directly to a theory. (e.g., Eisenhardt, Burgelman, Gioia) It can help you understand your phenomena of interest. (Li, Xin, Tsui and Hambrick – IJV leadership teams) SMEAL College of Business 77 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA In-depth qualitative research can be useful in several ways: It can lead directly to a theory. (e.g., Eisenhardt, Burgelman, Gioia) It can help you understand your phenomena of interest. (Li, Xin, Tsui and Hambrick – IJV leadership teams) It can help guide the design of a quantitative study. SMEAL College of Business 78 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA In-depth qualitative research can be useful in several ways: It can lead directly to a theory. (e.g., Eisenhardt, Burgelman, Gioia) It can help you understand your phenomena of interest. (Li, Xin, Tsui and Hambrick – IJV leadership teams) It can help guide the design of a quantitative study. It can help you make sense of, or interpret, quantitative results. SMEAL College of Business 79 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA In-depth qualitative research can be useful in several ways: It can lead directly to a theory. (e.g., Eisenhardt, Burgelman, Gioia) It can help you understand your phenomena of interest. (Li, Xin, Tsui and Hambrick – IJV leadership teams) It can help guide the design of a quantitative study. It can help you make sense of, or interpret, quantitative results. “We uncover all kinds of relationships in our hard data, but it is only through the use of soft data that we are able to explain them.” Mintzberg SMEAL College of Business 80 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Some suggestions: SMEAL College of Business 81 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Some suggestions: When going into the field, you face a delicate balance… SMEAL College of Business 82 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Some suggestions: When going into the field, you face a delicate balance… Open-mindedness, no pre-conceived ideas: SMEAL College of Business 83 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Some suggestions: When going into the field, you face a delicate balance… Open-mindedness, no pre-conceived ideas: “…case research is begun as close as possible to the ideal of no theory under consideration and no hypotheses to test.” Eisenhardt SMEAL College of Business 84 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Some suggestions: When going into the field, you face a delicate balance… Open-mindedness, no pre-conceived ideas: “…case research is begun as close as possible to the ideal of no theory under consideration and no hypotheses to test.” Eisenhardt vs. Absorptive capacity, a readiness to comprehend SMEAL College of Business 85 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Some suggestions: When going into the field, you face a delicate balance… Open-mindedness, no pre-conceived ideas: “…case research is begun as close as possible to the ideal of no theory under consideration and no hypotheses to test.” Eisenhardt vs. Absorptive capacity, a readiness to comprehend ∙ study relevant literatures ∙ study press accounts, public information SMEAL College of Business 86 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Some suggestions: In your field research, look for big themes, but also be alert to small cues. • Who is most willing to talk to you? • How energetic and spontaneous do they seem to be? • How informed/knowledgeable do they seem to be? • Do all your interviewees describe things the same way? SMEAL College of Business 87 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Some suggestions: In your field research, look for big themes, but also be alert to small cues. • Who is most willing to talk to you? • How energetic and spontaneous do they seem to be? • How informed/knowledgeable do they seem to be? • Do all your interviewees describe things the same way? A couple examples: Li, Xin, Tsui, Hambrick interviews of IJV team leaders SMEAL College of Business Li and Hambrick’s concept of factional groups 88 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Some suggestions: In your field research, look for big themes, but also be alert to small cues. • Who is most willing to talk to you? • How energetic and spontaneous do they seem to be? • How informed/knowledgeable do they seem to be? • Do all your interviewees describe things the same way? A couple examples: Li, Xin, Tsui, Hambrick interviews of IJV team leaders Li and Hambrick’s concept of factional groups Interviews of CEOs about their TMTs Research on chief operating officers (COOs) SMEAL College of Business 89 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Without a COO: CEO Division GM Division GM Division GM SMEAL College of Business CFO General Counsel VP, HR VP, R&D VP Corporate Development 90 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Without a COO: CEO Division GM Division GM Division GM CFO General Counsel VP, HR VP, R&D VP Corporate Development With a COO: CEO CFO General Counsel Division GM SMEAL College of Business Division GM COO VP, HR Division GM VP, Corporate Development VP, R&D 91 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Some suggestions: Be very alert to the performance conditions, or recent track record, of the organization(s) you are studying. • Are you being told about what works, what doesn’t work, or what? • The performance context can greatly color your interviewees’ remarks. SMEAL College of Business 92 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Some suggestions: Be very alert to the performance conditions, or recent track record, of the organization(s) you are studying. • Are you being told about what works, what doesn’t work, or what? • The performance context can greatly color your interviewees’ remarks. Also, while far less feasible, try to comprehend the lenses, or biases, of your individual interviewees. SMEAL College of Business 93 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Eisenhardt’s Table 1: Process of Building Theory from Case Study Research Step Getting Started Selecting Cases Crafting Instruments and Protocols Entering the Field Analyzing Data Shaping Hypotheses Enfolding Literature Reaching Closure SMEAL College of Business 94 THEORY DEVELOPMENT FROM RICH QUALITATIVE DATA Questions? SMEAL College of Business 95 SOME CONCLUDING THOUGHTS When it comes to theory development, don’t be paralyzed by holding yourself to too high a standard. SMEAL College of Business 96 SOME CONCLUDING THOUGHTS When it comes to theory development, don’t be paralyzed by holding yourself to too high a standard. We need “big theories” and “small theories.” SMEAL College of Business 97 SOME CONCLUDING THOUGHTS When it comes to theory development, don’t be paralyzed by holding yourself to too high a standard. We need “big theories” and “small theories.” “Some social scientists yearn for a Theory That Sweeps Away All Others. We think it is bad to reserve the word theory to mean only Good Theory or Grand Theory or Unassailable Theory. We would like writers to feel free to use theory whenever they are theorizing.” Runkel and Runkel SMEAL College of Business 98 SOME CONCLUDING THOUGHTS When it comes to theory development, don’t be paralyzed by holding yourself to too high a standard. We need “big theories” and “small theories.” “Some social scientists yearn for a Theory That Sweeps Away All Others. We think it is bad to reserve the word theory to mean only Good Theory or Grand Theory or Unassailable Theory. We would like writers to feel free to use theory whenever they are theorizing.” Runkel and Runkel We need thoroughly developed and “half-baked” theories. SMEAL College of Business 99 SOME CONCLUDING THOUGHTS When it comes to theory development, don’t be paralyzed by holding yourself to too high a standard. We need “big theories” and “small theories.” “Some social scientists yearn for a Theory That Sweeps Away All Others. We think it is bad to reserve the word theory to mean only Good Theory or Grand Theory or Unassailable Theory. We would like writers to feel free to use theory whenever they are theorizing.” Runkel and Runkel We need thoroughly developed and “half-baked” theories. “Products of the theorizing process seldom emerge as fullblown theories.” Weick SMEAL College of Business 100 Questions? About anything!! SMEAL College of Business 101