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Effectuation Publications Library
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TEAMS IN THE ENTREPRENEURIAL PROCESS: AN INPUT-MEDIATOR-OUTPUT-INPUT (IMOI) APPROACH.
2009
CHIEN-SHENG RICHARD CHAN
The article presents an analysis of the ways in which entrepreneurial team dynamics are affected by factors such as environmental uncertainty and changes in team composition. A discussion of related research is provided, along with a set of propositions and hypotheses related to such studies. Recommendations for entrepreneurial team leadership are proposed. It is argued that optimal outcomes can best be achieved by focusing on the controllable aspects of both internal and external conditions. The importance of distinguishing between optimizing for initial conditions and optimizing for an established venture is stressed.