New ventures are an important source of innovation and technological progress. This study examines the effect of top management teams' (TMTs) key characteristics on the number and radicalness of these ventures' product innovations. Using a longitudinal design to collect data from 109 new ventures, the results show that TMT's alertness, growth orientation, and functional heterogeneity are positively associated with product innovation. These associations are stronger in those ventures with integrated TMTs. TMTs' educational heterogeneity, however, is not always significantly associated with product innovation even when the teams are well integrated.
|Original language||English (US)|
|State||Published - Dec 1 2010|
|Event||70th Annual Meeting of the Academy of Management - Dare to Care: Passion and Compassion in Management Practice and Research, AOM 2010 - Montreal, QC, Canada|
Duration: Aug 6 2010 → Aug 10 2010
|Other||70th Annual Meeting of the Academy of Management - Dare to Care: Passion and Compassion in Management Practice and Research, AOM 2010|
|Period||8/6/10 → 8/10/10|
- New venture