Joel Podolny’s Status Signals is Finalist for Terry Book Award

New Haven, Conn., May 25, 2006—The book Status Signals: A Sociological Study of Market Competition by Dean Joel M. Podolny has been selected as a finalist for the George R. Terry Book Award. The award is given annually by the Academy of Management to recognize the book that has “made the most outstanding contribution to the advancement of management.”

Status Signals, published in 2005 by Princeton University Press, is the first major sociological work to apply status—a concept typically reserved for individuals and groups—to markets. Using examples from a broad range of industries including investment banking, wine, shipping, semiconductors, and venture capital, Podolny explains how status affects marketplace competition, influencing everything from the price a firm can charge for its goods and services to who it can and cannot accept as a partner.

Podolny’s book is one of five finalists the book award committee selected from 46 nominations. The other finalists are: Brokerage and Closure by Ronald Burt; Blue Ocean Strategy by W. Chan Kim and Renee Mauborgne, I-Deals: Idiosyncratic Deals Employees Bargain for Themselves by Denise Rousseau, and Structuring the Information Age by Joanne Yates.

The winner of the Terry Book Award will be announced at the Academy of Management’s 2006 annual meeting on August 15 in Atlanta.