What is it about?
Want to appoint a culturally diverse board for your startup that better reflects the changing social demographics? Not so easy. In Sweden, most startup boards are composed of people from the founders' neighbourhoods or past workplaces. In other words, a culturally diverse board is hard to constitute unless you reside in a diverse neighbourhood or has worked in a diverse workplace.
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Why is it important?
Given the rapid internationalisation of workplaces and regions in most countries around the world, our paper provides important clues regarding how national culture diversity in top management emerges and is being incorporated into the organisational design of new ventures.
Perspectives
At a broader level, this paper illustrates how social stratification may constrain startup founders' access to diverse contacts even in a rapidly internationalising society. To unlock the potential of a diverse society, we need to find ways to bridge the gap across social cleavages.
Dr. Chanchal Balachandran
Universita della Svizzera Italiana
Read the Original
This page is a summary of: National culture diversity in new venture boards: The role of founders' relational demography, Strategic Entrepreneurship Journal, August 2019, Wiley, DOI: 10.1002/sej.1327.
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