Success Factors of Entrepreneurial Teams:Modeling Through the Cognitive Mapping

Little research in entrepreneurship has sought to determine what factors can lead to entrepreneurial team venture success. The present study examined the role of resources such as human capital, social capital, and financial capital and how team processes influenced entrepreneurial team success. Findings from survey data of 80 entrepreneurial teams show that these resources and team dynamics were key factors of entrepreneurial team success. We enrich the entrepreneurial literature by introducing cognitive map as a new technique to measure entrepreneurial team success. Using this technique, we provide a methodological contribution to develop and analyse the cognitive map which reflects collective thinking of entrepreneurs about the factors of their success.