Final answer:
Venture teams are created outside the normal organizational structure and are not bound by the normal 'rules' of the organization. These teams are often formed in the early stages of a new company and have more flexibility to operate outside of the traditional hierarchy.
Step-by-step explanation:
Venture teams are created outside the normal organizational structure and are not bound by the normal 'rules' of the organization. In many organizations, there has been a shift towards teamwork and a flat organizational structure, where feedback can be solicited from employees at any level. Venture teams, specifically in the context of startups and venture capital firms, refer to teams of individuals who come together to work on a specific task or goal, usually in the early stages of a new company. These teams are often formed outside of the traditional hierarchy and have more flexibility to operate outside of the normal organizational rules.