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...

During the many years that I was a founding member of the MIT Industrial Dynamics (ID) Group, later System Dynamics (SD), I focused on trying to apply SD concepts, tools and techniques to the real world and to having real impact. That orientation originated from listening to Jay Forrester as he...