Realism has been one of the most powerful new developments in philosophy and the social sciences and is now making an increasing impact in business and management studies. This is the first book-length treatment of critical realism in business and management. It pulls together a wide range of material which is all explicitly or implicitly rooted in philosophical realism, and combines theoretical writing with substantive contributions addressing issues such as the nature of the firm and the labour process which together demonstrates that realism is a powerful alternative to postmodernism and positivism.