Stories of Technology, Innovation, & Entrepreneurship in the Southeast

Knoxville Business News Tennessee Mountain Scenery Background
November 30, 2021 | Tom Ballard

Research study confirms importance of two factors in a successful start-up

The results seem intuitive but now they’ve been validated in an academic research project.

With the right strategy – a mix that has founders both liking each other due to shared values and experiences and having the proper complementary skills and capabilities – start-ups can foster better team dynamics and have more success raising funds, being productive, and earning profits.

That’s the conclusion from a study conducted by researchers at the University of Maryland’s Robert H. Smith School of Business. The results of the study, titled “Forming Entrepreneurial Teams: Mixing Business and Friendship to Create Transactive Memory Systems for Enhanced Success,” were published in the Academy of Management Journal and also summarized via a whiteboard animation: “What’s the Best Way to Build a Startup Team?”

More information is available here.



Like what you've read?

Forward to a friend!

Don’t Miss Out on the Southeast’s Latest Entrepreneurial, Business, & Tech News!

Sign-up to get the Teknovation Newsletter in your inbox each morning!

  • This field is for validation purposes and should be left unchanged.


No, thanks!