Entrepreneurial team development in academic spin-outs: a diverse perspective on heterogeneity
Vanaelst, Iris Clarysse, Bart Wright, Mike Lockett, Andy Moray, Nathalie S'Jegers, R.
Vanaelst, Iris
Clarysse, Bart
Wright, Mike
Lockett, Andy
Moray, Nathalie
S'Jegers, R.
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2006
Journal
Entrepreneurship: Theory and Practice
Book
Publication Volume
30
Publication Issue
2
Publication Begin page
249
Publication End page
270
Publication NUmber of pages
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Abstract
This article examines the dynamics of entrepreneurial teams as they evolve through the different stages of a spin–out process. Using a unique, hand–collected set of data covering all team members in 10 cases, an in–depth analysis of the heterogeneity of team members’ experience and perception of the strategic orientation needed to attain different milestones in the spin–out process was performed. Our findings suggest that teams evolve over time and change in composition, and therefore, they cannot be studied as immutable entities. At the start of the venture formation, we introduced a new team role, the privileged witness, potentially specific for spinouts. Analysis of the teams indicates that the team's heterogeneity changes as it evolves through the different stages of the spin–out process. In particular, we found that new team members brought in different kinds of experience; however, they did not introduce a different view on doing business from the initial team members.
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Keywords
Entrepreneurship