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The Effect of High-Velocity Environments on the Team Dynamics in New Ventures

Ntouli, Anthi LU and Den Ruijter, Nina LU (2017) ENTN19 20171
Department of Business Administration
Abstract
In today’s society people are influenced by technological developments. Technology
changed the consumer’s behavior, but also the way companies evolved over time.
Nowadays, technology is accessible for everyone, which leads to fast changing
environments with a lot of competition. There are limited studies that focus on teams of
new ventures in comparison to the lone entrepreneur. However, there are only a few
studies that explain how the new ventures of today, and especially their founding team, are
affected by the rapid changes in their high-velocity environment. The aim of this research
is to provide new insights into team dynamics theory from an angle of high-velocity
environments. This master thesis answers the following... (More)
In today’s society people are influenced by technological developments. Technology
changed the consumer’s behavior, but also the way companies evolved over time.
Nowadays, technology is accessible for everyone, which leads to fast changing
environments with a lot of competition. There are limited studies that focus on teams of
new ventures in comparison to the lone entrepreneur. However, there are only a few
studies that explain how the new ventures of today, and especially their founding team, are
affected by the rapid changes in their high-velocity environment. The aim of this research
is to provide new insights into team dynamics theory from an angle of high-velocity
environments. This master thesis answers the following research question: “What
challenges do the founders of New Venture Teams face in high-velocity environments and
how do they cope with these challenges?”
In order to answer this research question, the authors used a qualitative research approach.
Three new ventures are studied within this paper, that are operating in a high-velocity
environment. Several different themes were codified both theoretically and empirically
derived. The data and findings are discussed together with previous theories of highvelocity
environments and team dynamics. The findings show that the social relationship
among the team members from before starting the venture has a big impact on how they
overcome their challenges. Secondly, open communication and honesty are key to create a
shared mindset with the co-founder, which is crucial in a time where teams often work
from a distance.

Keywords: high-velocity environments, team dynamics, founding teams, new ventures,
entrepreneurship, strong and weak ties, decision-making process, conflicts (Less)
Please use this url to cite or link to this publication:
author
Ntouli, Anthi LU and Den Ruijter, Nina LU
supervisor
organization
course
ENTN19 20171
year
type
H1 - Master's Degree (One Year)
subject
keywords
High-velocity environments, team dynamics, founding teams, new ventures, entrepreneurship, strong and weak ties, decision-making process, conflicts
language
English
id
8915497
date added to LUP
2017-06-15 13:34:35
date last changed
2017-06-15 13:34:35
@misc{8915497,
  abstract     = {In today’s society people are influenced by technological developments. Technology
changed the consumer’s behavior, but also the way companies evolved over time.
Nowadays, technology is accessible for everyone, which leads to fast changing
environments with a lot of competition. There are limited studies that focus on teams of
new ventures in comparison to the lone entrepreneur. However, there are only a few
studies that explain how the new ventures of today, and especially their founding team, are
affected by the rapid changes in their high-velocity environment. The aim of this research
is to provide new insights into team dynamics theory from an angle of high-velocity
environments. This master thesis answers the following research question: “What
challenges do the founders of New Venture Teams face in high-velocity environments and
how do they cope with these challenges?”
In order to answer this research question, the authors used a qualitative research approach.
Three new ventures are studied within this paper, that are operating in a high-velocity
environment. Several different themes were codified both theoretically and empirically
derived. The data and findings are discussed together with previous theories of highvelocity
environments and team dynamics. The findings show that the social relationship
among the team members from before starting the venture has a big impact on how they
overcome their challenges. Secondly, open communication and honesty are key to create a
shared mindset with the co-founder, which is crucial in a time where teams often work
from a distance.

Keywords: high-velocity environments, team dynamics, founding teams, new ventures,
entrepreneurship, strong and weak ties, decision-making process, conflicts},
  author       = {Ntouli, Anthi and Den Ruijter, Nina},
  keyword      = {High-velocity environments,team dynamics,founding teams,new ventures,entrepreneurship,strong and weak ties,decision-making process,conflicts},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Effect of High-Velocity Environments on the Team Dynamics in New Ventures},
  year         = {2017},
}