Newness and novelty: Relating top management team composition to new venture performance

被引:256
|
作者
Amason, AC [1 ]
Shrader, RC
Tompson, GH
机构
[1] Univ Georgia, Terry Coll Business, Athens, GA 30602 USA
[2] Univ Illinois, Dept Managerial Studies, Chicago, IL 60607 USA
[3] Univ Tampa, Sykes Coll Business Adm, Tampa, FL 33606 USA
关键词
new venture management; new venture strategy; new venture performance; top management teams; upper echelons; team heterogeneity;
D O I
10.1016/j.jbusvent.2005.04.008
中图分类号
F [经济];
学科分类号
02 ;
摘要
We distinguish novelty from newness and argue that the tasks of new venture top management teams vary with new venture novelty. We argue that as novelty increases, the information processing requirements on the TMT change as well. Because a team's demographic characteristics influence its information processing abilities, venture performance should reflect, at least partially, the fit between the characteristics of the TMT and the level of venture novelty. Evidence from a large sample of ventures supports this view. (c) 2005 Elsevier Inc. All rights reserved.
引用
收藏
页码:125 / 148
页数:24
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