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The Stages of Team Venture Formation: A Decision-making Model

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  • Judith B. Kamm
  • Aaron J. Nurick

Abstract

This model of multi-founder organizational formation assumes that organizations emerge In stages, following an a priori sequence of transitions. The idea stage comes first. In it, individuals or groups within the context of their social networks make decisions about the business concept and what Is needed to implement it. The second stage consists of implementation decisions, Including who will supply resources, what Inducements will be used to attract more partners if necessary, and how the team will be kept together. Feedback loops Indicate that the process may return to the concept and implementation needs decisions, depending upon choices made at certain critical points.

Suggested Citation

  • Judith B. Kamm & Aaron J. Nurick, 1993. "The Stages of Team Venture Formation: A Decision-making Model," Entrepreneurship Theory and Practice, , vol. 17(2), pages 17-27, January.
    • Handle: RePEc:sae:entthe:v:17:y:1993:i:2:p:17-27
    DOI: 10.1177/104225879301700202
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    References listed on IDEAS

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    1. Judith B. Kamm & Jeffrey C. Shuman & John A. Seeger & Aaron J. Nurick, 1990. "Entrepreneurial Teams in New Venture Creation: A Research Agenda," Entrepreneurship Theory and Practice, , vol. 14(4), pages 7-17, July.
    2. Macmillan, Ian C. & Siegel, Robin & Narasimha, P. N. Subba, 1985. "Criteria used by venture capitalists to evaluate new venture proposals," Journal of Business Venturing, Elsevier, vol. 1(1), pages 119-128.
    3. Robert E. Quinn & Kim Cameron, 1983. "Organizational Life Cycles and Shifting Criteria of Effectiveness: Some Preliminary Evidence," Management Science, INFORMS, vol. 29(1), pages 33-51, January.
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