Newness and Novelty: Relating Top Management Team Composition to New Venture Performance

Allen C. Amason; Rodney C. Shrader; George H. Tompson

doi:10.1016/j.jbusvent.2005.04.008

Newness and Novelty: Relating Top Management Team Composition to New Venture Performance

Allen C. Amason, Rodney C. Shrader, George H. Tompson

Management

Research output: Contribution to journal › Article › peer-review

319 Scopus citations

Abstract

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.

Original language	American English
Journal	Journal of Business Venturing
Volume	21
DOIs	https://doi.org/10.1016/j.jbusvent.2005.04.008
State	Published - Jan 2006

Disciplines

Business

Keywords

New venture management New venture strategy New venture performance Top management teams Upper echelons Team heterogeneity

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abstract = " 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.",

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AU - Shrader, Rodney C.

AU - Tompson, George H.

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N2 - 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.

AB - 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.

KW - New venture management New venture strategy New venture performance Top management teams Upper echelons Team heterogeneity

UR - https://www.sciencedirect.com/science/article/pii/S0883902605000467

U2 - 10.1016/j.jbusvent.2005.04.008

DO - 10.1016/j.jbusvent.2005.04.008

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VL - 21

JO - Journal of Business Venturing

JF - Journal of Business Venturing

ER -

Newness and Novelty: Relating Top Management Team Composition to New Venture Performance

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