Tough love: How communal schemas and contracting practices build relational capital in entrepreneurial teams

Ruth Blatt

Research output: Contribution to journalReview articlepeer-review

114 Scopus citations

Abstract

Entrepreneurial teams often operate under conditions of novelty-the lack of familiarity. Novelty can undermine team members' ability to develop the relational capital (trust, identification, and mutual obligation) needed for a venture to succeed. Building on research on relational schemas and the governance of interfirm relations, I argue that entrepreneurial teams can counteract the challenges of novelty by adopting communal relational schemas (caring about one another's needs) and contracting practices (making expectations explicit and transparent).

Original languageEnglish
Pages (from-to)533-551
Number of pages19
JournalAcademy of Management Review
Volume34
Issue number3
DOIs
StatePublished - 1 Jul 2009
Externally publishedYes

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