And the role of luck in long-term success
By Charles Waldo
I was roaming the stacks of my local library, looking for HCBM article ideas. A name on the covers of a couple of books on display got my attention….Jim Collins. I’ll bet you’ve at least heard of him.
A prolific leadership and management researcher, author, consultant, and teacher, Collins has written seven books over the span of twenty years, each trying to shed more light on the leadership principles that have brought organizations above average success. GOOD TO GREAT sold over six million copies. I had enjoyed reading several of his books but had not read one that caught my eye: GREAT BY CHOICE: UNCERTAINTY, CHAOS, AND LUCK. WHY SOME THRIVE DESPITE THEM ALL. I was especially drawn by the word “Luck” in the title. I skimmed the book, liked it, checked it out, and spent many hours going through it, with this article the result. I hope it will give you some useful ideas for handling Luck (good and bad) when they arrive at your business or job.
It took Collins and his research team over nine years to dig out the data, analyze them, draw conclusions, make recommendations for action, and write the book. Here is how they did it and what they found, with special emphasis (mine) on the “Luck Factor.”