Smart Risks = “Luck”
Fast Company:
Some people have all the luck. Or do they? Eileen C. Shapiro and Howard H. Stevenson, authors of Make Your Own Luck: 12 Practical Steps to Taking Smarter Risks in Business, think something else is going on. “Humans crave predictability,” says Stevenson, a professor of entrepreneurial studies at Harvard Business School. “But in reality, every decision is a bet. The question is, how can you make better bets?” Luck, after all, is just a matter of odds, and improving yours comes down to “predictive intelligence” — the ability to act in the face of uncertainty. Here’s how to look like one lucky SOB.
- Check your rearview mirror.
- Make your bets serve your goals.
- Spread your bets.
- Relieve your “I” strain.
- Know when to place a new bet.
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Startup Fever » Blog Archive » Smart Risk Day on January 18th, 2006 at 5:02 pm
[...] Both Dane Carlson and Tim Grahl link to this Fast Company article about taking risks: Some people have all the luck. Or do they? Eileen C. Shapiro and Howard H. Stevenson, authors of Make Your Own Luck : 12 Practical Steps to Taking Smarter Risks in Business, think something else is going on. “Humans crave predictability,” says Stevenson, a professor of entrepreneurial studies at Harvard Business School. “But in reality, every decision is a bet. The question is, how can you make better bets?” Luck, after all, is just a matter of odds, and improving yours comes down to “predictive intelligence” — the ability to act in the face of uncertainty. Here’s how to look like one lucky SOB. [...]