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Management Logics

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Abstract

Entrepreneurial incentives enhance management logics that further enhance the value creation and appropriation mechanism that underlie the firm’s competitive advantage. Management logics constitute managerial schemas, scripts, and beliefs of how their business works. Management logics are the basis the management employs when sensing value opportunities, building and configuring resources, selecting strategic positions, configuring value activities and drivers, and understanding unexpected events and challenges. The entrepreneurial incentives enhance the abstractness, complexity, and organization of the management logics, enabling managers to overcome traditional behavioral bounds. Managers are foresightful in that they act in the present to forge a coherent relationship between the firm’s present and future. Entrepreneurial incentives enhance management attention that further enhances the management logics and their cognitive adaptability. Entrepreneurial incentives enhance transactive memory that further enhances management cognition. Entrepreneurial incentives empower managers to spot market signals early when the signals are just a glimmer, before the signals are readily apparent to everyone. The entrepreneurial incentives guide the entrepreneurial behavior that enhances the firm’s value creation and appropriation mechanism.

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Authors and Affiliations

  1. Florida Atlantic University, Boca Raton, Florida, USA

    Chandra S. Mishra

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  1. Chandra S. Mishra
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Mishra, C.S. (2017). Management Logics. In: Creating and Sustaining Competitive Advantage. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-54540-0_2

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