Abstract

Establishing and maintaining relational capital is especially challenging for entrepreneurial teams. In comparison to teams within established firms, entrepreneurial teams do not have well-defined practices and procedures in place that provide them with structure in coping with arising challenges (e.g., Shepherd et al. 2000; Stinchombe 1965). This contextual difficulty entrepreneurial teams face pertains to different types of novelty, such as team, management, as well as market based novelty. Blatt (2009) argues that particularly communal schemas and contracting practices allow entrepreneurial teams to overcome the negative effects of this novelty. As such, these mechanisms counteract the difficulties of entrepreneurial teams in building and maintaining relational capital.

Share

COinS