Using computational and mathematical modeling, this study explores the tension between too little and too much structure that is shaped by the core tradeoff between efficiency and flexibility in dynamic environments. Our aim is to develop a more precise theory of the fundamental relationships...

How does the relationship between founding team composition and venture performance depend on the venture’s strategy and business environment? Using data from a novel survey of 2,067 firms, we show that while diverse founding teams tend to exhibit higher performance, this is not universally...

Organizational design in the context of new venture development is particularly challenging due to initially severe resource constraints. We address the question of when initial venture idea assets versus founder contracting experience are more important for venture performance. One view of new...