Luck or Strategy? Some Insights Into Successful New Ventures

Fiore, Robert A.; Lee, Lee W.; Zilch, Kathleen

doi:10.1109/emr.2019.2914912

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Chaos Theory and Entrepreneurship1

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“…It is a complex system of many independent variables but these independent variables need to converge to click into a lucky outcome. A convergence event or simply put a lucky convergence -this is where there is an alignment of stars or planetary alignment (Fiore et al, 2019). A critical area of inquiry in this phenomenon of lucky convergence is time and timing of the different 'hierarchical system of entrepreneurial artifact-creating processes' (Selden & Fletcher, 2015) coming into convergent and alignment that underpin the lucky event emergence.…”

Section: Chaos Theory and Entrepreneurshipmentioning

confidence: 99%

Uncertainty, Timing and Luck on Quantum terms in Entrepreneurship

Leong

2021

SSRN Journal

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Section: Chaos Theory and Entrepreneurshipmentioning

confidence: 99%

Uncertainty, Timing and Luck on Quantum terms in Entrepreneurship

Leong

2021

SSRN Journal

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Choice or chance: How successful entrepreneurs talk about luck

Brownell

Cardon

Bolinger

et al. 2023

Journal of Small Business Management

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Uncertainty, Timing and Luck on Quantum terms in Entrepreneurship

Leong¹

2021

Preprint

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<p>Entrepreneurship researches have been curiously silent on luck since luck, itself is elusive and cannot be systematically quantified in any meaningful measurement. An explicit and systematic evaluation of where luck is situated along the spectrum of certainty to absolute uncertainty will be undertaken in this paper. Exploration on the social construction of luck, effect of luck, human interventions relating to luck; the discussion on the operationalization of luck will open potentially rich veins of theoretical inquiry premising on quantum uncertainties, chaos theory, Heisenberg uncertainty principle and Weick’s sensemaking. Heisenberg uncertainty principle or Knightian’s uncertainty or the chaos theory, they are not competing alternatives and irreconcilable as they are not dealing with the same aspect of the indeterministic phenomenon. This paper will explore the indeterminacy of luck along the processual pathway of entrepreneurial venturing. It concludes by offering a compelling proposition on opportunistic and propitious timing with regards to the eventual rewards.</p>

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Luck or Strategy? Some Insights Into Successful New Ventures

Cited by 3 publications

References 1 publication

Uncertainty, Timing and Luck on Quantum terms in Entrepreneurship

Uncertainty, Timing and Luck on Quantum terms in Entrepreneurship

Choice or chance: How successful entrepreneurs talk about luck

Uncertainty, Timing and Luck on Quantum terms in Entrepreneurship

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