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Entrepreneurial Orientation

Author

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  • Mishra Chandra S.

    (Department of Management, Florida Atlantic University, Boca Raton, FL, USA)

Abstract

Our theory of competitive advantage, namely the theory of entrepreneurial rent, posits that the firm’s entrepreneurial orientation, their alertness, agility, absorptivity, and proactive adaptability, is a source of competitive advantage. The firm’s entrepreneurial orientation sustained by the entrepreneurial incentives continually updates and enriches the management logics that enhance the execution of the business model mechanism wherein lies the firm’s competitive advantage. The business model mechanism constituting the management logics, core resources, value opportunities, and value activities sustains the firm value creation and appropriation. Superior execution of the business model mechanism sustained by the firm’s entrepreneurial orientation provides a sustainable competitive advantage. The entrepreneurial incentives are at the heart of our theory of competitive advantage. The superior execution of the business model mechanism is sustained by the entrepreneurial incentives, in that the business model execution is enhanced by the management logics that are continually updated with the firm’s entrepreneurial orientation, and the firm’s entrepreneurial orientation is sustained by the entrepreneurial incentives.

Suggested Citation

  • Mishra Chandra S., 2017. "Entrepreneurial Orientation," Entrepreneurship Research Journal, De Gruyter, vol. 7(4), pages 1-20, October.
    • Handle: RePEc:bpj:erjour:v:7:y:2017:i:4:p:20:n:3
    DOI: 10.1515/erj-2017-0112
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    References listed on IDEAS

    as
    1. Chandra S. Mishra, 2017. "Creating and Sustaining Competitive Advantage," Springer Books, Springer, number 978-3-319-54540-0, September.
    2. Kathleen M. Eisenhardt & Jeffrey A. Martin, 2000. "Dynamic capabilities: what are they?," Strategic Management Journal, Wiley Blackwell, vol. 21(10‐11), pages 1105-1121, October.
    3. Chandra S. Mishra & Ramona K. Zachary, 2014. "The Theory of Entrepreneurship," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-37146-1.
    4. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    5. David J. Teece, 2007. "Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance," Strategic Management Journal, Wiley Blackwell, vol. 28(13), pages 1319-1350, December.
    Full references (including those not matched with items on IDEAS)

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