Leon Schjoedt and Sascha Kraus The concept of entrepreneurial teams (ETs) has not been adequately defined in the literature (Birley and Stockley, 2000), unlike top management teams (Hambrick, 2007; O’Reilly et al., 1993). The existing literature on entrepreneurial teams contains numerous different definitions of entrepreneurial teams. These definitions share one thing in common: the ET consists of, at least, two individuals. However, this quantitative approach disregards qualitative aspects, especially the difference between the concepts of groups and teams. The literature on groups shows that the concept of teams is something different from the concept of groups (Katzenbach and Smith, 2003). Also, the literature on top management teams recognizes this difference between groups and teams. For example, Hambrick (1994) points out how the top management team is not a team per se, but a group of people with management responsibilities. To better define the ET, the concept of groups needs to be considered. A group is defined as, ‘two or more individuals, interacting and interdependent, who have come together to achieve particular objectives’ (Robbins and Judge, 2008: 123). Furthermore, Cohen and Bailey (1997) note that a group also shares the outcomes. These researchers also note that for a group to be considered a group, the group members must see themselves as a social unit. This shows that teams are special groups in which members are more closely connected and stand up for one another, and are characterized by engagement and commitment (Katzenbach and Smith, 2003). Thus, a team is more than...
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