Abstract
This article examines the effects of an R&D team's composition on its performance outcomes in hypercompetition. The fundamental feature of firms in hypercompetitive settings is that they are constantly challenged to improve their competitiveness in a relentless race to outperform one another. Analyzing a unique data set from the Formula 1 motorsport racing industry, we find an inverse U-shaped relationship between team diversity in task-related experience and performance an important result that diverges from well-established theories developed in more stable environments. Fundamentally, we show that the role of R&D team experience diversity varies depending on the size of the organizations in which R&D teams operate. While we find a moderating effect for firm age, this effect is not as robust as that of firm size.
Original language | English |
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Journal | Strategic Management Journal |
Volume | 38 |
Issue number | 7 |
Pages (from-to) | 1455-1477 |
Number of pages | 23 |
ISSN | 0143-2095 |
DOIs | |
Publication status | Published - Jul 2017 |
Keywords
- Innovation
- Hypercompetition
- R&D
- Teams
- Experience diversity