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which of the following statements is incorrect regarding founding teams?question 3 options:a) studies show that more than one individual starts 50 to 70 percent of all new teams.b) the members of homogeneous teams are very similar in terms of their abilities and experiences.c) the psychological support that cofounders of a new business can offer one another is an important element of a firm's success.d) teams that are working together for the first time have an advantage over teams that have worked together before.e) the members of heterogeneous teams are diverse in terms of their abilities and experiences.

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Final answer:

The incorrect statement regarding founding teams is Option D. teams that are working together for the first time have an advantage over teams that have worked together before.

Step-by-step explanation:

The statement that is incorrect regarding founding teams is 'teams that are working together for the first time have an advantage over teams that have worked together before' (option d). This statement contradicts the common understanding that team experience and familiarity often lead to better communication and more efficient decision-making processes. Teams with a history of collaboration are more likely to have developed strong interpersonal relationships, trust, and a clear understanding of each other's strengths and weaknesses, which can contribute to a team's success. On the contrary, teams working together for the first time may face initial challenges with communication and need time to adjust to each other's working styles.

In contrast, homogeneous teams, as mentioned in option (b), indeed consist of members with similar abilities and experiences. Heterogeneous teams, mentioned in option (e), are characterized by diversity in abilities and experiences, often leading to innovative solutions and avoidance of conformity effects. The psychological support co-founders can offer each other (option c) is indeed an important aspect of a startup firm's success as it helps in overcoming the challenges faced by new businesses. It is also true, as indicated in option (a), that a significant percentage of new teams are started by more than one individual.

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