Top management teams and the performance of entrepreneurial firms
研究高管团队如何影响创业企业成败，发现规模大、背景多样且合作历史长的团队更易成功，尤其在增长市场中效果显著；快速、有冲突但关系融洽的团队决策更有效；依赖“简单规则”启发式方法进行新产品开发和国际化的团队表现更好。
Abstract This article examines why some entrepreneurial firms succeed while others do not. The focal explanation is top management teams, including several studies that address when and how top management teams are likely to influence entrepreneurial firm performance. There are several insights. First, large and diverse teams with a history of working together are more likely to succeed. This effect is particularly large when they launch in growth markets. Second, teams are effective in making strategic decisions when they are fast, highly conflictual, and still get along. Third, they are also effective when they rely on “simple rules” heuristics to perform significant activities like new product development and internationalization that nonetheless happens often. A further insight is that these “simple rules” can become the strategy of their firms. Fourth, more effective teams continuously organize the structures of their firms at the “edge of chaos”. Overall, top management teams emerge as central to the success (or lack thereof) of entrepreneurial firms.