So we’ve been looking at Jim Collins’ work in the past few days. One of the things that struck me as amazing was what he found amazing too. And that is on the role of luck in the life of a corporation. And of course we’ll extrapolate that to how it could fit our own personal experiences as well.
When he started off, he struggled with the concept of luck. Some people say luck is ‘opportunity meets preparation’. But is that really correct? Does it work in the case of bad luck? A close and healthy friend unexpectedly becomes terminally ill. How is that a case of opportunity meeting preparation?
So Jim then proceeded to define luck as an ‘event’ which meets each of the following 3 conditions.
1. It is not caused by you.
2. It has a significant magnitude of impact (so that it can be distinguished from just a normal occurrence).
3. It has an element of surprise
Think of some ‘lucky’ events in your life, either good or bad, and see if these three conditions are met? A great way to break it down isn’t it?
Very interesting conclusions in tomorrow’s post – stay tuned!