This book focuses on developing a cogent theory that leads to the specification of a hypothesis that can be taken up for subsequent empirical examination. It is a concise and holistic guide to theory building for such hypothesis specification. This volume breaks down the process of theory building into its component steps and explains each of them, starting with formative concepts of theory, units of theory, principles and processes of theory, to explaining theory building for hypothesis specification in organizational studies. The uniqueness of the book lies in its focus on theory building for the specific purpose of hypothesis creation rather than for propounding any grand idea or concept. It is enhanced with insightful texts and citations of thinkers and researchers of international repute.