Decision Making Processes in New Venture Teams. Why motivation has an impact and the consequence for venture success

Inhaltsverzeichnis (Table of Contents)

• 1. Introduction
• 2. Literature Review
• 2.1. New Ventures, New Venture Teams and Context
• 2.2. Decision Making in New Venture Teams
• 2.3. Entrepreneurial Motivations
• 2.4. Venture Performance
• 3. Methodology
• 3.1. Research Design
• 3.2. Data Collection
• 3.3. Coding and Analysis
• 4. Findings
• 4.1. Individual Motivations
• 4.2. Interrelation between strategic motivations and personal motifs
• 4.3. Development of Individual motivations over time
• 4.4. Motivational Orientations within NVTs
• 4.5. Dynamics of Group Orientations and their Effect on Venture Success
• 4.6. Interplay of Individuals, Teams and Ventures
• 5. Discussion and Conclusion
• 5.1. Theoretical and Practical Implications
• 5.2. Limitations, Future Research, and Conclusions

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This paper aims to investigate the relationship between entrepreneurial motivation, decision-making, and the success of new venture teams. Through longitudinal qualitative case studies of six technology venture founder teams, the study seeks to understand the impact of individual and team motivations on strategic decisions and venture outcomes.

• The primary motivational drivers for strategic decisions among individuals in new venture teams.
• The influence of the interplay of individual motivations on a venture's strategic decisions.
• The correlation between consistent team alignment regarding motivations over time and venture success.
• The practical implications of the findings for improving new venture team dynamics and success.
• The need for further research into the connection between new venture team motivation, success, and decision-making.

Zusammenfassung der Kapitel (Chapter Summaries)

The paper begins with an introduction that outlines the research question and framework. Chapter 2 reviews existing literature on new ventures, decision-making, entrepreneurial motivations, and venture performance. Chapter 3 details the methodology employed, including the research design, data collection, and coding and analysis techniques. Chapter 4 presents the findings, examining individual motivations, the interrelation between strategic motivations and personal motifs, the development of individual motivations over time, motivational orientations within new venture teams, the dynamics of group orientations and their effect on venture success, and the interplay of individuals, teams, and ventures.

Schlüsselwörter (Keywords)

The study focuses on the interplay of entrepreneurial motivation, decision-making, and success within new venture teams. It explores the impact of individual and team motivations on strategic decisions, and the importance of consistent team alignment for venture outcomes. Key terms include entrepreneurial motivation, decision-making, new venture teams, strategic decisions, venture success, and team alignment.