The effect of top management team characteristics on product innovation among new ventures: The moderating role of behavioral integration

Shaker A. Zahra, Johan Wiklund

Research output: Contribution to journalConference Articlepeer-review

4 Scopus citations

Abstract

New ventures are an important source of innovation and technological progress. This study examines the effect of top management teams' (TMTs) key characteristics on the number and radicalness of these ventures' product innovations. Using a longitudinal design to collect data from 109 new ventures, the results show that TMT's alertness, growth orientation, and functional heterogeneity are positively associated with product innovation. These associations are stronger in those ventures with integrated TMTs. TMTs' educational heterogeneity, however, is not always significantly associated with product innovation even when the teams are well integrated.

Keywords

  • Innovation
  • New venture
  • Teams

ASJC Scopus subject areas

  • Management of Technology and Innovation
  • Industrial relations

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