Entrepreneurial Teams and New Business Creation

Edited by the late Mike Wright, formerly Professor of Entrepreneurship and Director, Centre for Management Buyout Research, Imperial College Business School, London, UK and Iris Vanaelst, University of Antwerp, Belgium

‘Mike Wright and Iris Vanaelst have put together an excellent volume in Edward Elgar’s International Library of Entrepreneurship series. . . The books in this series, and other similar collections provide an excellent starting point for anyone who is new to a topic and they are particularly useful for new PhD students. . . Mike Wright is a grand master of this type of book; he and Iris Vanaelst have selected the most influential studies and structured them into one coherent and accessible volume. . . The introduction to the book is authoritative and clear. It provides an excellent overview of the topic and highlights the breadth of knowledge of the authors. . . The choices that Wright and Vanaelst have made in this volume are excellent and provide a thorough coverage of the topics that are being researched in the relatively new but developing topic of entrepreneurial teams. . . the editors have done a masterful job of pre-selecting the most influential studies and they have provided an introduction that is a thorough review of the literature. It is worth the cover price for the time it will save in not having to do this preliminary work. The introduction also points the reader to where they can extend their knowledge with other relevant studies. I would recommend that entrepreneurship departments ensure that they have at least one copy of this book in the library. This is a growing and important area of entrepreneurship research and the book provides an excellent reference.’

• Contents:AcknowledgementsIntroduction Mike Wright and Iris VanaelstPART ITEAM FORMATION AND COMPOSITION 1. Judith B. Kamm and Aaron J. Nurick (1993), ‘The Stages of Team Venture Formation: A Decision-Making Model’2. Christine M. Beckman (2006), ‘The Influence of Founding Team Company Affiliations on Firm Behavior’3. Martin Ruef, Howard E. Aldrich and Nancy M. Carter (2003), ‘The Structure of Founding Teams: Homophily, Strong Ties, and Isolation Among U.S. Entrepreneurs’4. Nikolaus Franke, Marc Gruber, Dietmar Harhoff and Joachim Henkel (2008), ‘Venture Capitalists’ Evaluations of Start-Up Teams: Trade-Offs, Knock-Out Criteria, and the Impact of VC Experience’5. Iris Vanaelst, Bart Clarysse, Mike Wright, Andy Lockett, Nathalie Moray and Rosette S’Jegers (2006), ‘Entrepreneurial Team Development in Academic Spinouts: An Examination of Team Heterogeneity’PART IISOCIAL INTERACTION AND INTERPERSONAL PROCESSES WITHIN TEAMS 6. Sanjib Chowdhury (2005), ‘Demographic Diversity for Building an Effective Entrepreneurial Team: Is It Important’7. Deborah H. Francis and William R. Sandberg (2000), ‘Friendship Within Entrepreneurial Teams and its Association with Team and Venture Performance’8. Michael D. Ensley, Allison W. Pearson and Allen C. Amason (2002), ‘Understanding the Dynamics of New Venture Top Management Teams: Cohesion, Conflict, and New Venture Performance’9. Thomas Lechler (2001), ‘Social Interaction: A Determinant of Entrepreneurial Team Venture Success’10. G. Page West III (2007), ‘Collective Cognition: When Entrepreneurial Teams, Not Individuals, Make Decisions’PART III TEAM TURNOVER 11. Aegean Leung, Jing Zhang, Poh Kam Wong and Maw Der Foo (2006), ‘The Use of Networks in Human Resource Acquisition for Entrepreneurial Firms: Multiple “fit” Considerations’12. Warren Boeker and Rushi Karichalil (2002), ‘Entrepreneurial Transitions: Factors Influencing Founder Departure’13. Deniz Ucbasaran, Andy Lockett, Mike Wright and Paul Westhead (2003), ‘Entrepreneurial Founder Teams: Factors Associated with Member Entry and Exit’14. Warren Boeker and Robert Wiltbank (2005), ‘New Venture Evolution and Managerial Capabilities’PART IVOUTCOME 15. Juan B. Roure and Modesto A. Maidique (1986), ‘Linking Pre Funding Factors and High-Technology Venture Success: An Exploratory Study’16. Kathleen M. Eisenhardt and Claudia Bird Schoonhoven (1990), ‘Organizational Growth: Linking Founding Team, Strategy, Environment, and Growth Among U.S. Semiconductor Ventures’17. Frédéric Delmar and Scott Shane (2006), ‘Does Experience Matter? The Effect of Founding Team Experience on the Survival and Sales of Newly-Founded Ventures’18. Christine M. Beckman and M. Diane Burton (2008), ‘Founding the Future: Path Dependence in the Evolution of Top Management Teams from Founding to IPO’Name Index