We hear all the time about the value of hard work and perseverance, and the part they play in the professional life of successful people. What we do not hear so much about are the many professionals who work hard and persevere, yet never seem to quite reach the level of success they aim for. Some current authors are beginning to give more attention to the part luck/black swans/outliers play in success. This is not a new phenomenon, Machiavelli had a lot to say about it back in the Renaissance. So how can knowledge of this dynamic help in a modern organization?
Camm, T.W. 2017. Preprint 17-078: Luck & skill: Black swans & Machiavelli's ideas on power, fortune, virtu. Presented at the SME Annual Meeting, Denver, CO, February 19-22.