Topic: Creating Effective New Venture Teams
Please review the Discussion Board Participation grading rubric. This is important information that will ensure that you earn maximum points. Your professionally written APA compliant postings, using appropriate sources should provide substantive depth that advances the Discussion. Please edit your posts for grammatical errors before you post. Be sure to review the requirements for each week’s Discussion topic(s). Remember that a post to the instructor is not considered a post to peers, so please be sure that you respond to at least two peers for full credit.
One of the basic tenets of Conscious Capitalism in Conscious Leadership – “Human social organizations are created and guided by leaders – people who see a path and inspire others to travel along the path” (Conscious Capitalism, 2021, p 3). Achieving a high degree of competence in Conscious Leadership, you need to form a highly effective leadership team, not always an easy task. In your first week of simulation game play, you will concentrate on starting up your company and creating your leadership team. New ventures/start-ups can have a high failure rate for many reasons, some of which can be attributed to leadership team formation issues. (Henry 2017). For this discussion question you will:
Discuss the challenges faced by new venture/start-up leadership teams covering but not limited to; team formation, role definition, and conflict management and accountability processes.
Research best practices that can overcome these challenges. Cite at least three (3) of these best practices and talk about why these were of particular interest to you. You may also cite any experiences you have had with new venture team formation
Given that you will be working in a new venture/start-up team, which of these best practices will you be applying to the team formation? How will you incorporate these best practices into your leadership team formation?
Access all required readings (articles, videos, etc.) from the Library.
References
Conscious Capitalism. (2021, June 3). Our philosophy. https://www.consciouscapitalism.org/philosophy
Henry, P. (2017, February 18). Why some startups succeed (and why most fail). Entrepreneur. https://www.entrepreneur.com/article/288769
Articles
Klein, M. C. (2018). Governments should be run more like businesses. Barron’s (Online).
Maldonado, M. (2015). Conscious capitalism. Leadership Excellence, 32(6), 5–6.
Conscious Capitalism. (2021, June 3). Our philosophy.
External link.
Hagberg, R. (2020, August 13). Building startup teams: The challenge for entrepreneurs. Hagberg Consulting Group.
External link.
Henry, P. (2017, February 18). Why some startups succeed (and why most fail). Entrepreneur.
Joyce, P. (2014). The Enduring Myth That Government Should Be Run Like a Business.
External link.
Richards, R. (2020, April 24). 9 Make-or-Break startup roles (and why they are important). MassChallenge.
External link.
Samberg, J. (2018, April 27). Can government be run like a business? Yale Insights.
External link.
Shenoy, S. (2021, April 8). Here’s how you can build a winning team that will ride your startup to victory. YourStory.com.
External link.
Videos
Clifton, R. (2016). How a leader can develop their own brand [Video]. Skillsoft.
Marketplace Conscious Capitalism Simulation Demonstration.
