The theory of entrepreneurial rent posits that powerful incentives for managerial learning are provided by giving managers the opportunity to share the firm surplus, which further enhances the management cognition and situation awareness. These incentives enable management to seek cognitively...

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...