Research Handbook on Entrepreneurial Teams
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Research Handbook on Entrepreneurial Teams

Theory and Practice

Edited by Cyrine Ben-Hafaïedh and Thomas M. Cooney

This book reinforces the value and importance of entrepreneurial teams within the entrepreneurship literature. The expert group of contributors identifies and develops various key areas of research on entrepreneurship teams and suggests the way ahead for future research in the area. The contributors expand on the existing literature on entrepreneurial teams by first revisiting the most recent framework applied to entrepreneurial teams (that is the Inputs-Mediators-Outputs-Inputs model) and then advancing our understanding of issues such as formation, structuring, deep-level diversity and emergent states. The book additionally considers different contexts of application with reference to their commonalities and specificities and investigates under-researched areas such as entrepreneurial teams within indigenous communities, ethnically diverse groups and women entrepreneurs. The contributors present practice-relevant research and offer researchers a platform from which they can explore new insights into the phenomenon of entrepreneurial teams.
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Chapter 3: Urban legends or sage guidance: a review of common advice about entrepreneurial teams

Phillip H. Kim and Howard E. Aldrich

Abstract

Many people claim to be experts when it comes to launching new businesses. Aspiring entrepreneurs can easily read how-to articles, listen to inspiring TED talks, and follow online the journeys of other founders. A quick search on Google for ‘founding team advice’ yields over 11 million hits. But how much of this advice is actually valid and fruitful for entrepreneurs? Do these insights hold up when evaluated against findings from academic research? This chapter reviews several common themes concerning strategies for constructing founding teams, promoted by practitioners and consultants in the popular press, and analyses their veracity and feasibility using published findings from academic research. Thereafter, detailed discussions will demonstrate that following the proposed advice is extremely difficult to follow (given the constraints faced by founding teams), while additionally highlighting that some advice is evidence-based and some stems from practitioner insights that appear worthy of further investigation. The chapter concludes by outlining some research pathways.

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