It is argued that the tasks of new venture topmanagement teams vary with new venture novelty. Novelty is distinguished fromnewness--i.e., a novel firm must not necessarily be a new one. Because of theliabilities of being "different," the information processing demandsput on these top management...

The success of a new venture usually depends upon whether team members can amalgamate effectively without losing their creative diversity. The use of conflict is central to this effort to combine talent and ability into an integrated whole. Although conflict can cause animosity and resentment,...