As business ventures grow, they must navigate the opportunities and challenges presented by environmental changes. In a new study, researchers examined the interplay of environmental change and the internal and external conditions governing a venture’s founding. For businesses founded in dynamic environments, they found that assembling more functionally diverse founding teams lead to longer survival when facing increasingly uncertain environments, while functionally homogeneous teams — those with relatively few distinct roles and viewpoints — do better when environments become more…
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News Source: www.sciencedaily.com