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Luck
- A Key Idea for Business and Society
- Narrated by: Robbie Stevens
- Length: 4 hrs and 21 mins
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Luck
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Summary
Case studies of business and management success tend to focus on factors such as leadership, innovation, competition, and geography, but what about good fortune? This book highlights luck as a key idea for business and society. The author provides insights from economics, sociology, political science, philosophy, and psychology to create a brief intellectual history of luck. In positioning luck as a key idea in management, the book analyzes various facets of fortune such as randomness, serendipity, and opportunity. Often overlooked given psychological bias toward meritocratic explanations, this book quantifies luck to establish the idea in a more central role in understanding variations in business performance.
In bringing the concept of luck in from the periphery, this concise book is an accessible overview of management which will help students, scholars, and reflective practitioners see the subject in a new light.
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Critic reviews
"Luck has laid bare our ignorance and educates us on the concept of luck… If we judge research contributions like we judge Olympic dives, Luck receives top marks for degree of difficulty and execution." —Ray Reagans (Ph.D., Chicago), Alfred P. Sloan Professor of Management at the MIT Sloan School of Management, USA
"…Liu has written a sophisticated treatise on luck that offers something for everyone, including useful tips and scholarly insights too numerous to count." —Don A. Moore, Professor, University of California, Berkeley, USA and author of Perfectly Confident
"…With Chengwei Liu's Luck as a guide, you can become a master of luck. You will learn to identify and quantify luck, and, most important, you will learn some counterintuitive strategies and no longer have choose whether you'd prefer to be lucky or good. You can be both!" —Scott E. Page, John Seely Brown Distinguished University Professor, Ross School of Business, University of Michigan, USA and author of The Diversity Bonus and The Model Thinker