A new-venture team is a unit separate from the rest of the organization that is responsible for developing and initiating a major innovation.

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A new-venture team is specifically formed to focus on developing and launching a major innovation, and is often given a high degree of autonomy to do so. This separation from the rest of the organization can help to reduce bureaucracy and increase agility in the innovation process.

A New-Venture Team Is a Unit Separate from the Rest