Creating and Sustaining Competitive Advantage (eBook)

Management Logics, Business Models, and Entrepreneurial Rent

Chandra S. Mishra (Autor)

eBook Download: PDF

2017
IX, 376 Seiten
Springer International Publishing (Verlag)
9783319545400 (ISBN)

Infos

This book develops a unified framework to explain the phenomena of competitive advantage and firm value creation in dynamic environments. Through a new strategic value creation theory, it explores how a firm can measure and sustain its competitive advantage through management incentives, capital market forces, organizational culture and structure, and social complexity. It also considers how management can utilize their resources and capabilities, shadow options, product market forces, customer needs, and organizational learning as a means to differentiate them from the competition. With an innovative approach to theory and research, it will be positioned to inform both scholars and practitioners in management, business strategy, and entrepreneurship on the process of competitive and sustainable value creation.

 

Chandra S. Mishra is Professor of Management and Entrepreneurship in the Department of Management Programs, College of Business at Florida Atlantic University, USA. He is the co-author of The Theory of Entrepreneurship: Creating and Sustaining Entrepreneurial Value and author of Getting Funded: Proof-of-Concept, Due Diligence, and Risk and Reward. His interests include corporate finance, strategy, and entrepreneurship. 

Inhalt

Creating and Sustaining Competitive Advantage 3
Contents 6
List of Figures 8
Part I In Search of a Theory of Competitive Advantage 9
1 Competitive Advantage Logics 10
Introduction 10
Resource-Based Logic 19
Positioning Logic 27
Entrepreneurial Logic 32
Part II Entrepreneurial Logic: Enhancing Value Creation and Appropriation 42
2 Management Logics 43
Introduction 43
Mental Models and Theories 47
Management Attention 50
Management Cognition 55
Management Perception 62
Management Comprehension 66
Management Projection 69
Management Team Situation Awareness 73
Inadequate Situation Awareness 74
Management Cognitive Adaptability 79
Hypercompetitive Environments 82
Managerial Absorptive Capacity 87
Summary 93
3 Entrepreneurial Orientation 97
Introduction 97
Entrepreneurial Incentives 103
Entrepreneurial Surplus 107
Environmental Dynamism 112
Executive Tournament 114
Entrepreneurial Agility 116
Absorptive Capacity 122
Combinative Capabilities 128
Core Resources 133
Proactive Adaptation 135
Dynamic Capabilities 139
Entrepreneurial Leverage 143
Summary 147
4 Seizing Value Opportunities 152
Introduction 152
Opportunity Recognition 159
Sources of Opportunities 162
Innovative Opportunities 165
Opportunity Options 166
Opportunity Timing 172
Exercising Opportunity Options 177
Exploiting Uncertainty 182
Strategies for Exploiting Uncertainty 184
Adverse Investment Incentives 186
Managerial Overcommitment 186
Capital Market Adverse Incentives 188
Management Overconfidence 194
Summary 196
5 Business Model Mechanism 200
Introduction 200
Buyer Value Drivers 211
Activity Drivers 216
Business Model Construct 220
Competitive Position 227
Business Model Adaptability 234
Robust Business Models 239
Competitive Landscape 244
Summary 247
Part III Summing Up: Entrepreneurial Advantage to Competitive Advantage 251
6 The Theory of Entrepreneurial Rent 252
Introduction 252
The Theory of Entrepreneurial Rent 263
Entrepreneurial Incentives 263
Dynamic Capabilities 269
Absorptive Capacity 273
Management Cognition 277
Value Opportunities 286
Business Model Mechanism 294
Summary 303
7 The Theory of Franchising 309
Introduction 309
The Theory of Franchising 313
Firm-Specific Conditions 320
Capital Constraint 322
Value Appropriability 323
Location-Specific Conditions 327
Franchise Payment Structure 330
Franchise Life Cycle 333
Empirical Implications 336
Franchisor Profitability and Growth Potential 336
Franchise Risk and Cost of Capital 339
Value Appropriability 341
Geographic Dispersion 347
Demand Variability 347
Demand Externality 348
Franchise Payment Structure 350
Franchise Life Cycle 351
Summary 353
References 358
Index 368

Produkt-Details

• Erscheint lt. Verlag: 13.6.2017
• Zusatzinfo: IX, 376 p. 15 illus.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Schlagworte: Business Model • Compensation • Competition • Competitive advantage • Competitive Strategy • Core Resources • Entrepreneurship • Management Logics • Michael Porter • Organizational Culture • situation awareness • Strategic Management • Strategy • sustainability • value creation theory
• ISBN-13: 9783319545400 / 9783319545400