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Network forms of organization, unlike hierarchies or marketplaces, are agile and are constantly adapting as new links are added and dysfunctional ones dropped. We review some of the theoretical and methodological accomplishments and challenges of contemporary research on organizational networks. We then offer an analytic framework that can be used to specify and statistically test simultaneously multilevel, multitheoretical hypotheses about the structural tendencies of organizational networks. We conclude with an empirical study illustrating some of the capabilities of this framework.