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Business Standard: Managers undermining role of luck in success or failure of a business


Luck is often the determining factor in business success or failure, so management research and education should focus not on a “limited number of stars” but instead on more realistic performance goals, says a study co-authored by Dr Mark de Rond, Reader in Strategy & Organisation at Cambridge Judge Business School. The study was based on a review of hundreds of papers on management topics in six leading management journals from the 1950s to 2015 that mention “luck” or similar terms.

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