Devaki Rau





Ph.D., University of Minnesota, business administration


Devaki Rau earned her Ph.D. degree from the University of Minnesota in 2001. Her expertise and interests are in strategic decision-making, top management teams, behavioral strategy, risk and cognition. Prior to joining NIU, she worked in the Indian software industry. Her primary teaching responsibilities are in strategic management at the undergraduate and graduate levels. Her research has been published in the Strategic Management Journal, Journal of Applied Psychology, Journal of Management, Small Group Research, Group and Organization Management, and the Journal of Business Research among others. She also coauthored a text on strategy: Behavioral Strategic Management. She currently serves on the editorial boards of the Strategic Management Journal and as senior associate editor for Group and Organization Management.


  • Most Valuable Professor Award from Student-Athlete Academic Support Services, NIU, 2016
  • Outstanding Reviewer Award from Group and Organization Management, 2016-17
  • Outstanding Reviewer Award from Group and Organization Management, 2015-16

Teaching Areas

Strategic management.

Research Interests

  • Strategic decision-making
  • Top management teams
  • Behavioral strategy
  • Risk Cognition

Selected Publications

  • Bromiley, P., and Rau, D. (2022). Some problems in using prospect theory to explain strategic management issues. Academy of Management Perspectives, 36 (1): 125-141.
  • Rau, D., Flores, L., and Simha, A. (2021). A moderated-mediated examination of the relations among strategic planning, organizational learning, slack and firm performance. Management Decision, 59 (9): 2200-2216.
  • Bromiley, P., Rau, D., and Zhang, Y. (2017). Is RandD risky? Strategic Management Journal, 38:876-891.
  • Bromiley, P., and Rau, D. (2016). Social, behavioral, and cognitive influences on upper echelons during strategy process: A literature review. Journal of Management, 42: 174-202.
  • Bromiley, P., and Rau, D. (2014). Towards a practice-based view of strategy. Strategic Management Journal,35:1249-1256.

Contact Us

NIU College of Business
Barsema Hall
740 Garden Road
DeKalb, IL 60115

Departmental Contacts

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