Antecedents,moderators, and performance consequences of membership change in new venture teams |
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| Institution: | 1. IE Business School, C/Alvarez de Baena 4, 28006 Madrid, Spain;2. Haydn Greene Institute, University of Nottingham, Nottingham, United Kingdom;3. Institute for Entrepreneurship, Colorado State University, Fort Collins, CO 80538, United States;4. Center for Family Business (CFB-HSG), University of St. Gallen, Dufourstrasse 40a, 9000 St.Gallen, Switzerland;1. TU Dortmund, Germany;2. Carlson School of Management, University of Minnesota, Minneapolis, Minnesota, U.S.A |
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| Abstract: | This paper focuses on initial team size and membership change of new venture teams in two studies: (1) a panel study of 408 emerging ventures, and (2) a cross-sectional study of 124 new ventures. The findings suggest that larger initial team size provides an advantage for new organizations, and that the benefits of adding and dropping team members are contingent on the stage of development of the organization and the dynamism of the environment. Both external environment and team composition factors are associated with turnover in venture teams. |
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