Four themes of the impact of management teams on organizational performance - Implications for future research of entrepreneurial teams

This article draws together accumulated research regarding top management teams with the more general literature of work on small groups, and adds detailed interpretation, thereby contributing to the literature on founding/management teams of new ventures. Prior TMT (Top Management Team) research has commonly linked demographic variables to team effectiveness. However, a growing understanding of the effects of teams on organizational performance suggests that besides team demographic variables, more fine-grained variables concerning team and individual processes have to be taken into account in order to better understand the link between entrepreneurial teams and organizational performance. Drawing on a large body of literature, four themes are proposed to illuminate these links in new ventures: resources, structural and process effects of teams, task leadership, and the effects of team members' personal integration into the task process.