① Venture creation is a novel, experimental and mostly unstructured and intuitive task. A team creating a breakthrough solution is venturing in an uncharted territory and has to forge a new path in the jungle full of unpredictabilities and enemies.  >>>

②  Turbulent, change-resistant and often hostile external environment has a direct and great influence on venture performance.

Balance Internal and External
Manage the venture internally as well as monitor, analyze and respond to the external environment.

Synergize Diversities
While some homogeneity must exist for the entrepreneurial team to function, it is heterogeneity and synergized diversities that help the team demonstrate superior performance, especially in turbulent environments and markets. A heterogeneous team can create innovative synergies and make more comprehensive decisions by considering more options for action.

Be Strategically Flexible
Keep adapting your business model, entrepreneurial and venture strategies as the growth market changes and provides the combination of present market size and rapid increases in demand.