Ch 9 - CHAPTER 9 BUILDING A NEW VENTURE TEAM Creating a New...

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CHAPTER 9 BUILDING A NEW VENTURE TEAM Creating a New Venture Team - the group of founders, key employees, and advisers that move a new venture from an idea to a fully functioning firm. (team also may include a board of directors, board of advisers, & professionals who Liability of Newnesss – (def) 1. The Founder(s) – significant impact on the way the new venture is perceived teams or partners start 50 to 70 percent of all new firms Factors affecting the value of a team (3): a. Size - It is generally believed that new ventures started by a team have an advantage over those started by an individual because a team brings more talent, resources, ideas, and professional contacts b. Prior experience working together – c. Heterogeneity - diverse in terms of abilities and experiences, 2. Qualities of the Founders – imp b/c in the early days of the firm, their knowledge, skills, and experiences are the most valuable resource the firm has. factors significant to a founder’s success.
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This note was uploaded on 03/28/2011 for the course MNGT 305 taught by Professor Chadwick during the Spring '11 term at Nicholls State.

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Ch 9 - CHAPTER 9 BUILDING A NEW VENTURE TEAM Creating a New...

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