Abstract

This paper is about entrepreneurial teams. It addresses team composition by investigating the relationship between group value consensus and performance. By doing so, it contributes to previous research on entrepreneurial teams in three ways: We provide insight into how entrepreneurial teams can be composed for improved outcomes. Second, we look specifically at the role of a team’s work value composition on their performance. Third, we investigate 48 randomly generated teams in a quasi-experimental setting as opposed to organically formed teams commonly found in other team composition studies. Our study finds that while value homogeneity is beneficial for the performance of internal tasks, it is detrimental to the performance of external tasks. These findings create important implications for entrepreneurial team composition.

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