Question

Kathy Denver is preparing to launch a home security firm. The team of people that will launch Kathy's firm are as follows: Kathy (CEO), Trevor (VP-Finance), Shelia (VP-Sales), a four-person Board of Directors, a five-person Board of Advisors, and Kathy's primary investor, who will assume an advisory role. The group of people that will launch Kathy's firm is called its ________.

Answer 1

Answer:

The group of people that will launch Kathy's firm is called New Venture Team

Explanation:

As per the definition, a new venture team can be understood as a group of people who are -

• Founders
• Advisors
• Key employees

of some already existing firm and plan to develop a separate new firm which is fully functional as a new firm.

In the question the people in the group are already a member of some firm and prepared to launch a new firm so this group will be termed as new venture team.