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Good night, and good luck : perspectives on luck in management scholarship
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Liu, Chengwei and Rond, Mark de (2016) Good night, and good luck : perspectives on luck in management scholarship. The Academy of Management Annals, 10 (1). pp. 409-451. doi:10.1080/19416520.2016.1120971 ISSN 1941-6520.
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Official URL: http://dx.doi.org/10.1080/19416520.2016.1120971
Abstract
It is not insignificant that seminal contributions to management scholarship have highlighted luck as an alternative explanation for performance differences between individuals and organizations. Yet it has rarely taken center-stage in scholarship. The principal purpose of this paper is to provide a systematic review of the application of luck in the management literature and in such foundation disciplines as economics, sociology, and psychology. Our analysis finds five common perspectives on luck: (a) luck as Attribution; (b) luck as Randomness; (c) luck as Counterfactual; (d) luck as Undeserved; and (e) luck as Serendipity. We outline various ways in which research on luck may be advanced along each of these perspectives, and develop an underexplored, sixth, perspective on (f) luck as Leveler to provide a possible solution to such issues as social inequality and (unwarranted) executive compensation.
Item Type: | Journal Article | ||||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management | ||||||
Divisions: | Faculty of Social Sciences > Warwick Business School > Behavioural Science Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | Management, Management -- Study and teaching, Organizational change, Executives -- Training of, Fortune | ||||||
Journal or Publication Title: | The Academy of Management Annals | ||||||
Publisher: | Routledge | ||||||
ISSN: | 1941-6520 | ||||||
Official Date: | 27 January 2016 | ||||||
Dates: |
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Volume: | 10 | ||||||
Number: | 1 | ||||||
Page Range: | pp. 409-451 | ||||||
DOI: | 10.1080/19416520.2016.1120971 | ||||||
Status: | Peer Reviewed | ||||||
Publication Status: | Published | ||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||
Date of first compliant deposit: | 20 January 2016 | ||||||
Date of first compliant Open Access: | 23 June 2017 |
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