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Top Management Teams & Upper Echelons Theory

This article reviews the nature, purpose, and composition of 'Top Management Teams' and considers possible differences between those in established organizations and those needed for growth-oriented entrepreneurial ventures ('GOEVs'). It summarizes Upper Echelons Theory (‘UET’), including refinements since originally proposed in 1984, implications for diversity (i.e. team heterogeneity), and criticisms of UET that may need to be considered in evaluating the findings of my PhD research related to entrepreneurial management teams and VCs' assessment of them. Finally, it identifies and describes the Management Decision Quality / Enterprise Performance Paradox.

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