Organizational endogenous development: the micro-foundations, opportunities and real options perspective

Rafał Krupski , Katarzyna Piórkowska , Aleksandra Sus


The paper presents significantly salient issues in the field of strategic management in terms of organizational endogenous development understood as the concept integrating three areas. Consequently, the research questions of the paper are as follows: (1) Is it possible to describe a strategy of contemporary organizations assuming their endogenous development? (2) What constitutes the fundamentals of organizational endogenous development? and (3) How do those fundamentals affect organizational endogenous development? Hence the aim of the paper is to enrich the strategic management field and consequently to present the elements of the triad: socio-psychological managerial characteristics (predictors, SMC) – opportunities (O) – real options (RO) in terms of strategic management and to endeavour by the means of that triad, to answer the research questions. The method that has been used is extensive literature review, therefore inference is deductive. The first section presents opportunities as potential determinants of organizational endogenous development. The real options concept constituting the support for implementing opportunities approach has been described in the second section. Then, socio-psychological managerial characteristics as the micro-foundations of organizational endogenous development have been emphasized and presented. Finally, the conclusion with final remarks, limitations, and research directions has been presented.
Author Rafał Krupski
Rafał Krupski,,
, Katarzyna Piórkowska (MISaF / IOaM / KSiMZ)
Katarzyna Piórkowska,,
- Katedra Strategii i Metod Zarządzania
, Aleksandra Sus (MISaF / IOaM / KSiMZ)
Aleksandra Sus,,
- Katedra Strategii i Metod Zarządzania
Journal seriesArgumenta Oeconomica, ISSN 1233-5835, (A 15 pkt)
Issue year2017
No1 (38)
Publication size in sheets1.7
Keywords in Englishsocio-psychological micro-foundations, opportunities, real options
ASJC Classification1408 Strategy and Management; 2002 Economics and Econometrics
Languageen angielski
Krupski_Piorkowska_Sus_Organizational_endogenous_development_the_micro.pdf 528,85 KB
Score (nominal)15
Score sourcejournalList
ScoreMinisterial score = 15.0, 05-02-2020, ArticleFromJournal
Publication indicators WoS Citations = 0; Scopus SNIP (Source Normalised Impact per Paper): 2017 = 0.084; WoS Impact Factor: 2017 = 0.178 (2) - 2017=0.222 (5)
Citation count*3 (2020-09-27)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.