IDEAS home Printed from https://ideas.repec.org/a/sae/entthe/v37y2013i1p1-15.html
   My bibliography  Save this article

New Venture and Family Business Teams: Understanding Team Formation, Composition, Behaviors, and Performance

Author

Listed:
  • Leon Schjoedt
  • Erik Monsen
  • Allison Pearson
  • Tim Barnett
  • James J. Chrisman

Abstract

New ventures are frequently started by entrepreneurial teams rather than lone entrepreneurs. Often, team members have family ties. Yet, there has been relatively little research on new venture and family business teams. The papers in this special issue address this gap by studying team formation and composition, faultlines among team members, generational involvement in teams, the influence of shared organizational experience and functional homogeneity, and the likelihood of couples, biologically related, and unrelated teams achieving first sales. Combined, they suggest that relationships are more important than skill diversity in determining the effectiveness of both family business and new venture teams.

Suggested Citation

  • Leon Schjoedt & Erik Monsen & Allison Pearson & Tim Barnett & James J. Chrisman, 2013. "New Venture and Family Business Teams: Understanding Team Formation, Composition, Behaviors, and Performance," Entrepreneurship Theory and Practice, , vol. 37(1), pages 1-15, January.
    • Handle: RePEc:sae:entthe:v:37:y:2013:i:1:p:1-15
    DOI: 10.1111/j.1540-6520.2012.00549.x
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1111/j.1540-6520.2012.00549.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1540-6520.2012.00549.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bygrave, William D., 1993. "Theory building in the entrepreneurship paradigm," Journal of Business Venturing, Elsevier, vol. 8(3), pages 255-280, May.
    2. Gregory G. Dess & G. T. Lumpkin & Jeffrey E. Mcgee, 1999. "Linking Corporate Entrepreneurship to Strategy, Structure, and Process: Suggested Research Directions," Entrepreneurship Theory and Practice, , vol. 23(3), pages 85-102, April.
    3. Leon Schjoedt & Kelly G. Shaver, 2007. "Deciding on an Entrepreneurial Career: A Test of the Pull and Push Hypotheses Using the Panel Study of Entrepreneurial Dynamics Data1," Entrepreneurship Theory and Practice, , vol. 31(5), pages 733-752, September.
    4. Daniel P. Forbes & Patricia S. Borchert & Mary E. Zellmer–Bruhn & Harry J. Sapienza, 2006. "Entrepreneurial Team Formation: An Exploration of New Member Addition," Entrepreneurship Theory and Practice, , vol. 30(2), pages 225-248, March.
    5. Michael H. Morris & Donald F. Kuratko & Minet Schindehutte & April J. Spivack, 2012. "Framing the Entrepreneurial Experience," Entrepreneurship Theory and Practice, , vol. 36(1), pages 11-40, January.
    6. Michael D. Ensley & Allison W. Pearson, 2005. "An Exploratory Comparison of the Behavioral Dynamics of Top Management Teams in Family and Nonfamily New Ventures: Cohesion, Conflict, Potency, and Consensus," Entrepreneurship Theory and Practice, , vol. 29(3), pages 267-284, May.
    7. Franz W. Kellermanns & Kimberly A. Eddleston, 2004. "Feuding Families: When Conflict Does a Family Firm Good," Entrepreneurship Theory and Practice, , vol. 28(3), pages 209-228, May.
    8. Zahra, Shaker A., 2007. "Contextualizing theory building in entrepreneurship research," Journal of Business Venturing, Elsevier, vol. 22(3), pages 443-452, May.
    9. JoAnne Yong–Kwan Lim & Lowell W. Busenitz & Laku Chidambaram, 2013. "New Venture Teams and the Quality of Business Opportunities Identified: Faultlines between Subgroups of Founders and Investors," Entrepreneurship Theory and Practice, , vol. 37(1), pages 47-67, January.
    10. Christine M. Beckman & M. Diane Burton, 2008. "Founding the Future: Path Dependence in the Evolution of Top Management Teams from Founding to IPO," Organization Science, INFORMS, vol. 19(1), pages 3-24, February.
    11. William Wales & Erik Monsen & Alexander McKelvie, 2011. "The Organizational Pervasiveness of Entrepreneurial Orientation," Entrepreneurship Theory and Practice, , vol. 35(5), pages 895-923, September.
    12. Tim Barnett & Franz W. Kellermanns, 2006. "Are We Family and Are We Treated as Family? Nonfamily Employees’ Perceptions of Justice in the Family Firm," Entrepreneurship Theory and Practice, , vol. 30(6), pages 837-854, November.
    13. Deborah H. Francis & William R. Sandberg, 2000. "Friendship within Entrepreneurial Teams and its Association with Team and Venture Performance," Entrepreneurship Theory and Practice, , vol. 25(2), pages 5-26, December.
    14. Jess H. Chua & James J. Chrisman & Erich B. Bergiel, 2009. "An Agency Theoretic Analysis of the Professionalized Family Firm," Entrepreneurship Theory and Practice, , vol. 33(2), pages 355-372, March.
    15. Erik Monsen & R. Wayne Boss, 2009. "The Impact of Strategic Entrepreneurship inside the Organization: Examining Job Stress and Employee Retention," Entrepreneurship Theory and Practice, , vol. 33(1), pages 71-104, January.
    16. Peter W. Moroz & Kevin Hindle, 2012. "Entrepreneurship as a Process: Toward Harmonizing Multiple Perspectives," Entrepreneurship Theory and Practice, , vol. 36(4), pages 781-818, July.
    17. Jess H. Chua & James J. Chrisman & Pramodita Sharma, 1999. "Defining the Family Business by Behavior," Entrepreneurship Theory and Practice, , vol. 23(4), pages 19-39, July.
    18. David L. Brannon & Johan Wiklund & J. Michael Haynie, 2013. "The Varying Effects of Family Relationships in Entrepreneurial Teams," Entrepreneurship Theory and Practice, , vol. 37(1), pages 107-132, January.
    19. Beckman, Christine M. & Burton, M. Diane & O'Reilly, Charles, 2007. "Early teams: The impact of team demography on VC financing and going public," Journal of Business Venturing, Elsevier, vol. 22(2), pages 147-173, March.
    20. Marina G. Biniari, 2012. "The Emotional Embeddedness of Corporate Entrepreneurship: The Case of Envy," Entrepreneurship Theory and Practice, , vol. 36(1), pages 141-170, January.
    21. Judith B. Kamm & Jeffrey C. Shuman & John A. Seeger & Aaron J. Nurick, 1990. "Entrepreneurial Teams in New Venture Creation: A Research Agenda," Entrepreneurship Theory and Practice, , vol. 14(4), pages 7-17, July.
    22. Mirjam Knockaert & Deniz Ucbasaran & Mike Wright & Bart Clarysse, 2011. "The Relationship Between Knowledge Transfer, Top Management Team Composition, and Performance: The Case of Science–Based Entrepreneurial Firms," Entrepreneurship Theory and Practice, , vol. 35(4), pages 777-803, July.
    23. Monica A. Zimmerman, 2008. "The Influence of Top Management Team Heterogeneity on the Capital Raised through an Initial Public Offering," Entrepreneurship Theory and Practice, , vol. 32(3), pages 391-414, May.
    24. Michael J. Fern & Laura B. Cardinal & Hugh M. O'Neill, 2012. "The genesis of strategy in new ventures: escaping the constraints of founder and team knowledge," Strategic Management Journal, Wiley Blackwell, vol. 33(4), pages 427-447, April.
    25. Ensley, Michael D. & Pearson, Allison W. & Amason, Allen C., 2002. "Understanding the dynamics of new venture top management teams: cohesion, conflict, and new venture performance," Journal of Business Venturing, Elsevier, vol. 17(4), pages 365-386, July.
    26. Aegean Leung & Maw Der Foo & Sankalp Chaturvedi, 2013. "Imprinting Effects of Founding Core Teams on HR Values in New Ventures," Entrepreneurship Theory and Practice, , vol. 37(1), pages 87-106, January.
    27. Dew, Nicholas & Read, Stuart & Sarasvathy, Saras D. & Wiltbank, Robert, 2008. "Outlines of a behavioral theory of the entrepreneurial firm," Journal of Economic Behavior & Organization, Elsevier, vol. 66(1), pages 37-59, April.
    28. Salvatore Sciascia & Pietro Mazzola & Francesco Chirico, 2013. "Generational Involvement in the Top Management Team of Family Firms: Exploring Nonlinear Effects on Entrepreneurial Orientation," Entrepreneurship Theory and Practice, , vol. 37(1), pages 69-85, January.
    29. Baron, James N & Burton, M Diane & Hannan, Michael T, 1996. "The Road Taken: Origins and Evolution of Employment Systems in Emerging Companies," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 5(2), pages 239-275.
    30. G. Page West III, 2007. "Collective Cognition: When Entrepreneurial Teams, Not Individuals, Make Decisions," Entrepreneurship Theory and Practice, , vol. 31(1), pages 77-102, January.
    31. William S. Schulze & Michael H. Lubatkin & Richard N. Dino & Ann K. Buchholtz, 2001. "Agency Relationships in Family Firms: Theory and Evidence," Organization Science, INFORMS, vol. 12(2), pages 99-116, April.
    32. Deniz Ucbasaran & Andy Lockett & Mike Wright & Paul Westhead, 2003. "Entrepreneurial Founder Teams: Factors Associated with Member Entry and Exit," Entrepreneurship Theory and Practice, , vol. 28(2), pages 107-128, March.
    33. Allan Discua Cruz & Carole Howorth & Eleanor Hamilton, 2013. "Intrafamily Entrepreneurship: The Formation and Membership of Family Entrepreneurial Teams," Entrepreneurship Theory and Practice, , vol. 37(1), pages 17-46, January.
    34. William B. Gartner & Kelly G. Shaver & Elizabeth Gatewood & Jerome A. Katz, 1994. "Finding the Entrepreneur in Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 18(3), pages 5-9, April.
    35. Ensley, Michael D. & Pearson, Allison W. & Sardeshmukh, Shruti R, 2007. "The negative consequences of pay dispersion in family and non-family top management teams: an exploratory analysis of new venture, high-growth firms," Journal of Business Research, Elsevier, vol. 60(10), pages 1039-1047, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Patrick Gregori & Zulaicha Parastuty, 2021. "Investigating the process of entrepreneurial team member exits: a systematic review and future research directions," Review of Managerial Science, Springer, vol. 15(4), pages 847-878, May.
    2. Breugst, Nicola & Patzelt, Holger & Rathgeber, Philipp, 2015. "How should we divide the pie? Equity distribution and its impact on entrepreneurial teams," Journal of Business Venturing, Elsevier, vol. 30(1), pages 66-94.
    3. Linlin Jin & Kristen Madison & Nils D. Kraiczy & Franz W. Kellermanns & T. Russell Crook & Jing Xi, 2017. "Entrepreneurial Team Composition Characteristics and New Venture Performance: A Meta–Analysis," Entrepreneurship Theory and Practice, , vol. 41(5), pages 743-771, September.
    4. Zabara, Tatiana, 2019. "Evolution of entrepreneurial teams in technology-based new ventures," Other publications TiSEM cc09d065-3811-47b6-9c93-8, Tilburg University, School of Economics and Management.
    5. D’Allura, Giorgia Maria, 2019. "The leading role of the top management team in understanding family firms: Past research and future directions," Journal of Family Business Strategy, Elsevier, vol. 10(2), pages 87-104.
    6. Stela Ivanova & Theresa Treffers & Fred Langerak & Markus Groth, 2023. "Holding Back or Letting Go? The Effect of Emotion Suppression on Relationship Viability in New Venture Teams," Entrepreneurship Theory and Practice, , vol. 47(4), pages 1460-1495, July.
    7. Hyunjoong Yoon, 2018. "Exploring the Role of Entrepreneurial Team Characteristics on Entrepreneurial Orientation," SAGE Open, , vol. 8(2), pages 21582440187, May.
    8. Loane, Sharon & Bell, Jim & Cunningham, Isobel, 2014. "Entrepreneurial founding team exits in rapidly internationalising SMEs: A double edged sword," International Business Review, Elsevier, vol. 23(2), pages 468-477.
    9. Gregori, Patrick & Ukobitz, Desiree V. & Parastuty, Zulaicha, 2018. "A Conceptual Framework on Entrepreneurial Team Member Exits: A Starting Point for Further Research," 6th International OFEL Conference on Governance, Management and Entrepreneurship. New Business Models and Institutional Entrepreneurs: Leading Disruptive Change (Dubrovnik, 2018), in: 6th International OFEL Conference on Governance, Management and Entrepreneurship. New Business Models and Institutional Entrepreneurs: Leading Disrupt, pages 453-474, Governance Research and Development Centre (CIRU), Zagreb.
    10. Christina Guenther & Simon Oertel & Peter Walgenbach, 2016. "It's all about Timing: Age–Dependent Consequences of Founder Exits and New Member Additions," Entrepreneurship Theory and Practice, , vol. 40(4), pages 843-865, July.
    11. Zellmer-Bruhn, Mary E. & Forbes, Daniel P. & Sapienza, Harry J. & Borchert, Patricia S., 2021. "Lab, Gig or Enterprise? How scientist-inventors form nascent startup teams," Journal of Business Venturing, Elsevier, vol. 36(1).
    12. James J. Chrisman & Esra Memili & Kaustav Misra, 2014. "Nonfamily Managers, Family Firms, and the Winner's Curse: The Influence of Noneconomic Goals and Bounded Rationality," Entrepreneurship Theory and Practice, , vol. 38(5), pages 1-25, September.
    13. Kaiser, Ulrich & Müller, Bettina, 2013. "Team Heterogeneity in Startups and its Development over Time," IZA Discussion Papers 7284, Institute of Labor Economics (IZA).
    14. Cherchem, Naïma, 2017. "The relationship between organizational culture and entrepreneurial orientation in family firms: Does generational involvement matter?," Journal of Family Business Strategy, Elsevier, vol. 8(2), pages 87-98.
    15. Cristina Bettinelli & Marco Mismetti & Alfredo De Massis & Barbara Del Bosco, 2022. "A Review of Conflict and Cohesion in Social Relationships in Family Firms," Entrepreneurship Theory and Practice, , vol. 46(3), pages 539-577, May.
    16. Holger Patzelt & Rebecca Preller & Nicola Breugst, 2021. "Understanding the Life Cycles of Entrepreneurial Teams and Their Ventures: An Agenda for Future Research," Entrepreneurship Theory and Practice, , vol. 45(5), pages 1119-1153, September.
    17. Ekaterina Bjørnåli & Arild Aspelund, 2012. "The role of the entrepreneurial team and the board of directors in the internationalization of academic spin-offs," Journal of International Entrepreneurship, Springer, vol. 10(4), pages 350-377, December.
    18. JoAnne Yong–Kwan Lim & Lowell W. Busenitz & Laku Chidambaram, 2013. "New Venture Teams and the Quality of Business Opportunities Identified: Faultlines between Subgroups of Founders and Investors," Entrepreneurship Theory and Practice, , vol. 37(1), pages 47-67, January.
    19. Hedberg, Patricia R. & Danes, Sharon M., 2012. "Explorations of dynamic power processes within copreneurial couples," Journal of Family Business Strategy, Elsevier, vol. 3(4), pages 228-238.
    20. Jana Drechsler & Jan-Thomas Bachmann & Andreas Engelen, 2019. "The effect of immigrants in the founding team on the international attention of new ventures," Journal of International Entrepreneurship, Springer, vol. 17(3), pages 305-333, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:entthe:v:37:y:2013:i:1:p:1-15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.