March 14, 2013
Luck Matters ( and You Can Only Make Some of It)
There was a great article recently in the Financial Times that’s worth reading here. (Warning – you might have to complete a free registration in order to read this article.) The premise is that most outliers, to use Malcolm Gladwell’s term, achieve their super status at least partly through luck. And once that status is achieved, the good things just pile on from there. This concept is as much Gladwell’s as that term is.
I always say that “you can make your own luck.” And to some extent, that’s true. Hard work and persistence and creativity can eventually open up doors on their own, no question about it. While this article doesn’t say there are limitations to that axiom, it does note that hard work, persistence, and creativity PLUS some good luck is the more likely path to being #1 in your field.
Think about it this way – why is the most gifted golfer of the last 15 years someone who grew up in Southern California with a father who loved golf, and not, say, someone from the sub-Saharan region of Africa? The latter person might have the equivalent amount of raw talent as Tiger Woods, maybe even more grit and determination. But he’s probably never even heard of golf.
So what’s the lesson here for business leaders? First, count your blessings. You’re probably where you are for a bunch of reasons, some of which have nothing to do with you. Second, look for other people to work with you who are lucky as well. I read somewhere once that Tony Hsieh of Zappos asks every person he interviews if he or she is a lucky person – and that question pulls a lot of weight for him. Finally, put your head down and work hard. While this point is 100% valid, the thing is…you can’t do anything about it anyway, so you might as well push as hard as you can to do the best you can with what you’ve got!