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Staffing an entrepreneurial team: diversity breeds success

Staffing an entrepreneurial team: diversity breeds success Purpose – The purpose of this paper is to answer the following question: how should start‐ups be staffed and how should they manage issues of team diversity? Design/methodology/approach – The paper approaches diverse entrepreneurial teams in terms of three meaningful types, each with different assumptions, thus suggesting that their effects are complex. Findings – The article concludes that entrepreneurs need to consider three key dimensions of diversity and form teams that are: moderate in diversity of opinions; high in diversity of expertise; and low in diversity of power. Originality/value – The paper offers a set of practical recommendations to entrepreneurs, outlining how they can compose their teams and manage different dimensions of diversity; and to venture capitalists, suggesting how to assess team diversity as a critical factor in entrepreneurial teams. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Business Strategy Emerald Publishing

Staffing an entrepreneurial team: diversity breeds success

Journal of Business Strategy , Volume 34 (4): 8 – Jul 12, 2013

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References (12)

Publisher
Emerald Publishing
Copyright
Copyright © 2013 Emerald Group Publishing Limited. All rights reserved.
ISSN
0275-6668
DOI
10.1108/JBS-06-2012-0020
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to answer the following question: how should start‐ups be staffed and how should they manage issues of team diversity? Design/methodology/approach – The paper approaches diverse entrepreneurial teams in terms of three meaningful types, each with different assumptions, thus suggesting that their effects are complex. Findings – The article concludes that entrepreneurs need to consider three key dimensions of diversity and form teams that are: moderate in diversity of opinions; high in diversity of expertise; and low in diversity of power. Originality/value – The paper offers a set of practical recommendations to entrepreneurs, outlining how they can compose their teams and manage different dimensions of diversity; and to venture capitalists, suggesting how to assess team diversity as a critical factor in entrepreneurial teams.

Journal

Journal of Business StrategyEmerald Publishing

Published: Jul 12, 2013

Keywords: Start‐ups, Team working, Entrepreneurialism, Diversity; Entrepreneurial teams; Venture performance

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