Managing New Business Ventures

Based on a study of new product development teams within a mature chemical company which explored the relationship between linkages between team members and their organizational stakeholders and team success, I found that success is linked to the team's ability to proactively manage their external stakeholders, to have clear success measures, to obtain management support, to obtain reward for their efforts and to have a talented team. While previous team innovation studies primarily concentrate on team members, this research extends beyond this work by pointing towards the importance of linkages across the team.