Abstract This paper constructed the “Management Ternary Model”, “The Model of Management Theory Construction and Development”, “Management Theory Pyramid Model” and “Management Three Fields Interaction Model”, put forward the concepts of “Emic Research”, “Etic Research” and “Light Company Phenomenon”, discussed the relationship between situationality and universality, indigenization and internationalization of management theory, reviewed the literatures of domestic Grounded Theory research, analyzed the relationship between the interaction of management “Three Fields” which include academic, business and consulting circles with the innovation of management theory, and analyzed the problems of “Three Fields” in China. This paper indicates that the correct path of Chinese management theory innovation and internationalization should root in the indigenous practice with the “Grounded Spirit”, use the normative qualitative research methodology with the Grounded Theory as representative, vigorously carry out “Emic Research”, make the obtaining of the “Middle Range Theory” which can explain reality and guide practice as the goal and gradually improve the level of internationalization.
