UID:
almahu_9949385910702882
Format:
1 online resource (125 pages)
ISBN:
9781351603270
,
1351603272
,
9781315106144
,
1315106140
,
9781351603263
,
1351603264
,
9781351603256
,
1351603256
Series Statement:
Key Ideas in Business and Management Ser.
Content:
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 a readable overview of management which will help students, scholars, and reflective practitioners see the subject in a new light.
Note:
Cover; Half Title; Series Page; Title; Copyright; CONTENTS; List of figures; 1 The unconventional wisdom of luck; 2 How to interpret luck?; 2.1 Defining luck; 2.2 Luck as attribution; 2.3 Luck as randomness; 2.4 Luck as counterfactual; 2.5 Luck as undeserved; 2.6 Luck as serendipity; 2.7 Summary: luck is in the eye of the beholder; 3 How to quantify luck?; 3.1 The weak version: luck as a straw man in hypothesis testing; 3.2 The semi-strong version: luck as an alternative explanation for empirical regularities; 3.3 The strong version: luck as a regulating factor for judging merit
,
3.4 Measuring the impact of luck using real-world data3.5 Summary: what the luck?; 4 How to strategize with luck?; 4.1 Rewarding and blaming people for their good and bad luck; 4.2 Search guides for opportunities from the luck bias; 4.3 Everyone is fooled by randomness, except you?; 4.4 Strategies of overcoming barriers to exploiting rivals' luck biases; 4.5 Summary: the context-dependent luck biases and their exploitation strategies; 5 Good night and good luck; 5.1 Beliefs about luck in different cultures; 5.2 Can beliefs about luck be rational?
,
5.3 Reconciling the conventional and the unconventional wisdom of luckAcknowledgments; References; Index
Additional Edition:
Print version: Liu, Chengwei. Luck : A Key Idea for Business and Society. Milton : Routledge, ©2019 ISBN 9781138094246
Language:
English
Keywords:
Electronic books.
URL:
https://www.taylorfrancis.com/books/9781315106144
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