Overview
- Presents a cohesive value creation theory which enhances and challenges current strategic management models
- Provides measurable benchmarks by which firms can evaluate their competitive advantage
- Offers both theoretical and practical ways that management teams can sustain their position in increasingly competitive environments
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (7 chapters)
-
Front Matter
-
In Search of a Theory of Competitive Advantage
-
Front Matter
-
-
Entrepreneurial Logic: Enhancing Value Creation and Appropriation
-
Front Matter
-
-
Summing Up: Entrepreneurial Advantage to Competitive Advantage
-
Front Matter
-
-
Back Matter
Keywords
About this book
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.
Reviews
“In this book Mishra asks the big question about what underlies a firm's competitive advantage, and nail the answer by detailing an entrepreneurial approach to value creation and appropriation.” (Dean A.Shepherd, Ray and Milann Siegfried Professor of Entrepreneurship, University of Notre Dame, USA; Editor-in-Chief, Journal of Business Venturing)
“Creating and Sustaining Competitive Advantage is a must read for anyone wanting to understand the drivers of competitive advantages as it relates to value creation. Mishra has brought a fresh perspective to the role of incentive structures on value creation within the entrepreneurial firm as it relates to competitive advantage. The role of competitive advantage is often misunderstood by academics, and even more by entrepreneurs. Mishra allows us to think more clearly about the important relationships that matter.” ( J. William Petty, W.W. Caruth Professor of Entrepreneurship and Finance, Baylor University, USA)
“Mishra originates new theories about modern corporations leading to establishing and maintaining a competitive advantage. Such is based on the creation of entrepreneurial rent and managerial surplus that increase with entrepreneurial management incentives. Thus, entrepreneurial management, opportunity recognition, and business models ensure success overtime and within environmental uncertainty and complexity. Mishra modernizes and expands extant strategic theories to encompass the entrepreneurial rent creation and high-powered managerial incentives.” (Ramona K. Zachary, Peter S. Jonas Distinguished Professor of Entrepreneurship, Zicklin School of Business, Baruch College, City University of New York, USA)
“In his very insightful new book, Creating and Sustaining Competitive Advantage, Mishra integrates the critical factors that give rise to competitive advantage. The book relays these insights in a practical and very concise manner. By dissecting and further elaborating on the factors that help create and sustain competitive advantage, Mishra provides the intellectual toolset that can be effectively used by entrepreneurs as well as decision makers at all levels of the business to create value for their stake holders.” (Don May, Managing Partner, DMA Economics, New York, USA)
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Creating and Sustaining Competitive Advantage
Book Subtitle: Management Logics, Business Models, and Entrepreneurial Rent
Authors: Chandra S. Mishra
DOI: https://doi.org/10.1007/978-3-319-54540-0
Publisher: Palgrave Macmillan Cham
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-3-319-54539-4Published: 29 June 2017
Softcover ISBN: 978-3-319-85417-5Published: 01 August 2018
eBook ISBN: 978-3-319-54540-0Published: 13 June 2017
Edition Number: 1
Number of Pages: IX, 376
Number of Illustrations: 15 b/w illustrations
Topics: Business Strategy/Leadership, Entrepreneurship, Organization