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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.
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.
Executive attributes and group decision making effects are explored in the determination of executive compensation. A purposive sample was drawn, which comprised 20 respondents chosen for their expertise relating to executive remuneration in South African state-owned enterprises (SOEs). The study was carried out by conducting primary data collection through one-to-one interviews. Thematic analysis technique was utilised for data analysis. Findings in this study describe executive compensation as a fit between executive attributes and organisational strategic objectives, and multi-perspective engagement of all critical stakeholders of the organisation which includes internal and external sources.
This aim of this paper is to present the objectives and scope of an evolutionary approach to economic geography. We argue that the goal is not only to utilise the concepts and ideas from evolutionary economics (and evolutionary thinking more broadly) to help interpret and explain how the economic landscape changes over historical time, but also to reveal how situating the economy in space adds to our understanding of the processes that drive economic evolution, that is to say, to demonstrate how geography matters in determining the nature and trajectory of evolution of the economic system. We will argue that evolutionary economic geography is concerned with the spatialities of economic novelty; with how the spatial structures of the economy emerge from the micro-behaviours of economic agents; with how, in the absence of central coordination or direction, the economic landscape exhibits self-organisation; and with how the processes of path creation and path dependence interact to shape geographies of economic development and transformation, and why and how such processes may themselves be place dependent. Economic transformation proceeds differently in different places, and the mechanisms involved neither originate nor operate evenly across space. Our concern is both with the ways in which the forces making for economic change, adaptation and novelty shape and reshape the geographies of wealth creation, work and welfare, and with how the spatial structures and features so produced themselves feed back to influence the forces driving economic evolution. In the final part, we summarize a number of papers that have contributed to evolutionary economic geography, and which will be published in The Handbook on Evolutionary Economic Geography that is edited by the two authors, and forthcoming at Edward Elgar.
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