Question

3. What is the benefit of forming entrepreneurial teams when starting a company? Is a more...

3. What is the benefit of forming entrepreneurial teams when starting a company? Is a more diverse team better than a team with similar members for a business venture?

Homework Answers

Answer #1

Forming entrepreneurial teams while starting company helps build leadership pipeline and self motivation and drives efficiency and productivity amongst new members while creating a sense of motivation and collaboration.

Diverse teams are more beneficial due to their versatility in experience, cultural intelligence, cross domain expertise, geographical advantages and mix of technical and management skills which helps navigate uncertainty.

PLEASE UPVOTE INCASE YOU LIKED THE ANSWER WILL BE ENCOURAGING FOR US THANKYOU VERY MUCH ALL THE BEST IN FUTURE

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Why do entrepreneurs form teams when they start a company? Is a more diverse team better...
Why do entrepreneurs form teams when they start a company? Is a more diverse team better than a team with similar members for a business venture?
3. Is starting a local restaurant and starting a company like Facebook, both entrepreneurial endeavors? What...
3. Is starting a local restaurant and starting a company like Facebook, both entrepreneurial endeavors? What is the difference? *Please use different answer from the chegg since my friend already use the answer. Thankyou.
It has more than one answer...... 1. Leaders of "Great Groups" try to A. control all...
It has more than one answer...... 1. Leaders of "Great Groups" try to A. control all opinions and ideas from team members, for the benefit of uniformity B. give the team members what they need, according to what the teams members say. C.specify each detail and deliverable, with second-by-second oversight consisting of blanket insults D. free staff from unnessary and monotous work that would be better completed with her oversight.
A consultant hired by your organization has advised your manager to increase his team’s cohesiveness. He...
A consultant hired by your organization has advised your manager to increase his team’s cohesiveness. He asks you, “What benefits would greater cohesiveness have that would make it worth the effort?” How do you respond? Check all that apply. Teams with high cohesiveness are generally more productive due to the energizing effect of regular interaction among team members. Teams with high cohesiveness tend to have some high-performing members but also a high number of free riders. Members of teams with...
Not so long ago, one of your good friends invited you to attend National Night Out,...
Not so long ago, one of your good friends invited you to attend National Night Out, a neighborhood celebration designed to foster police–community relationships and make the United States a safer place to live. After eating fabulous barbecue, chatting with your local sheriff, and seeing several exhibits on crime and drug prevention, you decide to form a Neighborhood Watch Group. You excitedly contact the National Association of Town Watch and the National Neighborhood Watch Institute, and soon afterward you get...
Case Study 4: Zappos Tony Hsieh’s first entrepreneurial effort began at the age of 12 when...
Case Study 4: Zappos Tony Hsieh’s first entrepreneurial effort began at the age of 12 when he started his own custom button business. Realizing the importance of advertising, Hsieh began marketing his business to other kids through directories, and soon his profits soared to a few hundred dollars a month. Throughout his adolescence, Hsieh started several businesses, and by the time he was in college he was making money selling pizzas out of his Harvard dorm room. Another entrepreneurial student,...
1) In 2003, Motorola released a cell phone, the RAZR, that was a breakthrough in design...
1) In 2003, Motorola released a cell phone, the RAZR, that was a breakthrough in design and major hit with customers. The engineers, designers, and marketers involved came from all over the company. They made decisions independently, including developing the project objectives, the project budget, the project schedule and assigning tasks. The project was finished ahead of schedule and under budget. A. This demonstrates that teams must contain mostly creative professionals to succeed B. This shows the value of autonomy...
QS 11-3 Journal entry when forming a partnership LO2 Len Peters and Beau Silver form a...
QS 11-3 Journal entry when forming a partnership LO2 Len Peters and Beau Silver form a partnership to operate a catering business, called A Catered Affair. Peters invests $20,000 cash and Silver invests $30,000 cash on March 1, 2017. Prepare the journal entry to record the establishment of the partnership. QS 11-2 Liability in limited partnerships LO1 Stanley organized a limited partnership and is the only general partner. Hillier invested $20,000 in the partnership and was admitted as a limited...
3. What kind of problems does the government face when trying to perform a benefit-cost analysis...
3. What kind of problems does the government face when trying to perform a benefit-cost analysis of whether and/or how much of a public project to produce?
3. What kind of problems does the government face when trying to perform a benefit-cost analysis...
3. What kind of problems does the government face when trying to perform a benefit-cost analysis of whether and/or how much of a public project to produce?    please answer it by typing