Academics and Faculty, Kellogg School of Management

Email Prof. Zajac

Management and Organizations Department

Edward J. Zajac

James F. Beré Professor of Management and Organizations

Management and Organizations/Health Industry Management

B.S. 1979, Accounting and German, LaSalle College; M.B.A. 1984, Management/Strategic Planning, M.A. 1985, Ph.D. 1986, Organization and Strategy, University of Pennsylvania

Academic Positions Held
	Kellogg School of Management, Northwestern University Assistant/Associate/Full Professor in Management and Organizations, 1986 to present; James F. Beré Professor of Management and Organizations, 1993 to present.

Courses / Topics Taught
	Creating and Managing Strategic Alliances Strategy Formulation Strategy Implementation Managing Change Organization Design Advanced Strategic Management in the Healthcare Industry Organization/Environment Relations, Field Methods in Organization Behavior Research Courses offered in Masters, Ph.D. and/or executive programs at Kellogg

Career and Recent Professional Awards; Teaching Awards
	Sidney J. Levy Teaching Award for Excellence in Teaching, Kellogg School of Management, Northwestern University, 1996 James F. Beré Chair in Management and Organizations, Northwestern University, 1993 Best Paper Award of the Business Policy and Planning Division, Academy of Management, 1990

Professional Leadership
	Associate Editor, Strategic Management Journal. Editorial Board member, Administrative Science Quarterly, Organization Science, Asia Pacific Management Journal, Journal of Management and Governance. Chair of the 13th International Conference of the Strategic Management Society, Chicago, 1993. Chair of the Business Policy and Strategy Division, Academy of Management, 1998.

Research Areas
	Strategic alliances, corporate governance, and strategic adaptation.

Current Projects
	"The Social and Political Determinants of Stock Buybacks" (with J. Westphal). "Do Firms Get What They Pay For? How Alternative Performance Criteria Affect the CEO Pay-For-Performance Relationship" (with J. Westphal). Strategy, Governance Structure, and Performance: Theory and Evidence in Franchising Arrangements" (with X. Lin). "Corporate Governance and Contested Terrain: The Rise of the Shareholder Value Orientation in Germany" (with P. Fiss).

Representative Publications
	M.S. Kraatz & E.J. Zajac. "How Resources Affect Strategic Change and Performance in Turbulent Environments: Theory and Evidence." Forthcoming, Organization Science, 2001. E.J. Zajac, M.S. Kraatz, & R. Bresser. "Modeling the Dynamics of Strategic Fit: A Normative Approach to Strategic Change." Strategic Management Journal, 21: 429-454, 2000. R. Gulati & E.J. Zajac. "Reflections on the Study of Strategic Alliances." In Cooperative Strategy: Economic, Business, and Organizational Issues (D. Faulkner & M. De Rond, eds.), pp. 365-374, 2000. E.J. Zajac, T.A. D'Aunno, & L.R. Burns. "Managing Strategic Alliances," Health Care Management: Organization Design and Behavior, (S.M. Shortell & A.D. Kaluzny, eds.), pp. 307-329, 2000. J.D. Westphal & E.J. Zajac. "Symbolic Management of Stockholders: Corporate Governance Reforms and Shareholder Reactions," Administrative Science Quarterly, 43, 127-153, 1998. E.J. Zajac & J.D. Westphal. "Toward a Behavioral Theory of the CEO/Board Relationship: How Research Can Enhance Our Understanding of Corporate Governance Practices." In Navigating Change: How CEOs, Top Teams, and Boards Steer Transformation (D.C. Hambrick, D.A. Nadler, M.L. Tushman, eds.), pp. 256-277, 1998. J.D. Westphal & E.J. Zajac. "Defections from the Inner Circle: Social Exchange, Reciprocity, and the Diffusion of Board Independence in U.S. Corporations," Administrative Science Quarterly, 42:161-183, 1997. E.J. Zajac & J.D. Westphal. "Managerial Incentives in Organizations: Economic, Political, and Symbolic Perspectives," Organizational Decision Making, (Z. Shapira, ed.), pp. 133-157, 1996. E.J. Zajac & J.D. Westphal. "Director Reputation, CEO/Board Power, and the Dynamics of Board Interlocks," Administrative Science Quarterly, 41:507-529, 1996. M.S. Kraatz & E.J. Zajac. "Exploring the Limits of the New Institutionalism: The Causes and Consequences of Illegitimate Organizational Change," American Sociological Review, 61:812-836, 1996. E.J. Zajac & J.D. Westphal. "Who Shall Succeed? How CEO/Board Preferences and Power Affect the Choice of New CEOs," Academy of Management Journal, 39:64-90, 1996. R.P. Beatty & E.J. Zajac. "Managerial Incentives, Monitoring, and Risk-Bearing in Initial Public Offering Firms," Journal of Applied Corporate Finance, 8:87-96, 1995. E.J. Zajac & J.D. Westphal. "Accounting for the Explanations of CEO Compensation: Substance and Symbolism," Administrative Science Quarterly, 40:283-308, 1995. J.D. Westphal & E.J. Zajac. "Who Shall Govern? CEO/Board Power, Demographic Similarity, and New Director Selection," Administrative Science Quarterly, 40:60-83, 1995. R.P. Beatty & E.J. Zajac. "Top Management Incentives, Monitoring, and Risk-Bearing: A Study of Executive Compensation, Ownership, and Board Structure in Initial Public Offerings," Administrative Science Quarterly, 39:313-336, 1994. E.J. Zajac & J.D. Westphal. "The Costs and Benefits of Managerial Incentives and Monitoring in Large U.S. Corporations: When is More not Better?" Strategic Management Journal, 15:121-142, 1994. J.D. Westphal & E.J. Zajac. "Substance and Symbolism in CEOs' Long-Term Incentive Plans," Administrative Science Quarterly, 39:367-390, 1994

General / Consulting
	Consulting experience includes work in the areas of strategy formulation, implementation, and strategic alliances with large organizations such as Abbott, Baxter, Blue Cross/Blue Shield, Brunswick, Caterpillar, Commonwealth Edison, Dade Behring, R.R. Donnelly, Gemini, W.W. Grainger, Harnischfeger, Hearst, Hollister, IBM, Johnson & Johnson, Medpartners, Merck, Moore, Pfizer, Phillips Petroleum, Premier, Public Service Company of New Mexico, Savoy Brands Internacional, Siemens, Zurich Insurance, numerous small and mid-sized companies, and other health care associations and organizations. Served on the board of directors of Roberts Industries.
	last modified 08/28/2001