Trust-control relationships in new venture teams during organizational emergence

Paper in proceeding, 2016

Teams play an important role in the creation of new ventures (Aldrich et al., 2002, Beckman, 2006) as they a relatively controllable determinate of new venture performance, in comparison to, for example, market conditions or competitor behavior (Forbes et al., 2006). New ventures, and their teams, are often not readily identifiable during emergence, and therefore data collection of new ventures and new venture teams sensitive to hindsight and outcome bias (Forbes et al., 2006). What is known is that bounded structural uncertainty and strong interdependence (Harper, 2008) are two key conditions influencing new venture team formation. The way in which teams use intra-team trust and control in the early stages of organizational emergence is one aspect of the venture creation process that has yet to be significantly explored in the entrepreneurship literature (Klotz et al., 2014).