The Stages of Team Venture Formation: A Decision-making Model

Judith B. Kamm and Aaron J. Nurick

Entrepreneurship Theory and Practice, 1993, vol. 17, issue 2, 17-27

Abstract: This model of multi-founder organizational formation assumes that organizations emerge In stages, following an a priori sequence of transitions. The idea stage comes first. In it, individuals or groups within the context of their social networks make decisions about the business concept and what Is needed to implement it. The second stage consists of implementation decisions, Including who will supply resources, what Inducements will be used to attract more partners if necessary, and how the team will be kept together. Feedback loops Indicate that the process may return to the concept and implementation needs decisions, depending upon choices made at certain critical points.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:17:y:1993:i:2:p:17-27

DOI: 10.1177/104225879301700202

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