Innovation & Institutions, Will it Blend?
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Innovation & Institutions, Will it Blend?
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How Leaders Lose Their Luck, the Paradox of the Journey to the Top

How Leaders Lose Their Luck, the Paradox of the Journey to the Top | Innovation & Institutions, Will it Blend? | Scoop.it

While researching his forthcoming book — Heart, Smarts, Guts, and Luck — co-author Anthony Tjan made a fascinating discovery: a surprising number of company founders and business-builders attribute much of their success to luck.

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There are ways we create our own luck, as listed on the innovation leadership companion post on this curation stream.  Becoming disconnected, as Anthony describes, on the way to the top, is one way for leaders to lose their luck.


Excerpted:


Almost 25% of those we surveyed came out as "luck-dominant" on the Entrepreneurial Aptitude Test we devised; many more gave luck at least partial credit.


...Here's the paradox:  Once they have made it to the top — after they've reached high levels of entrepreneurial or corporate success — leaders often become disconnected from the crucial lucky qualities and relationships that helped get them there in the first place. By definition, the top is less of a journey and more of an arrival point. A newfound reputation is difficult to risk.


We've identified seven attributes, and they are among the most difficult ones for leaders to master and maintain. They are: humility, intellectual curiosity, optimism, vulnerability, authenticity, generosity, and openness.


The post defines these and begs the question:


How do leaders reconnect to the reality, attitude, and relationships that can sustain and take their company's excellence to a new place?


Author:  Anthony Tjan is CEO, Managing Partner and Founder of the venture capital firm Cue Ball and vice chairman of the advisory firm Parthenon.

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Creating your Own Luck to Build a Successful Innovation Culture, the Innovator's Mindset

Creating your Own Luck to Build a Successful Innovation Culture, the Innovator's Mindset | Innovation & Institutions, Will it Blend? | Scoop.it

"Is it a mindset of creating your own luck that sets innovative organizations apart?"


Do the featured characteristics of innovative cultures in organizations follow the make-your-own-luck characteristics listed in this article?   See if you agree that it's about having a certain mindset translated to culture:


Excerpted:


...Having a positive, innovator’s mindset actually CREATES success, and luck.


In The Luck Factor (Miramax, 2003) professor Richard Wiseman, from the University of Hertfordshire, details his research providing the following insight – Luck (or success) comes to those who embrace and embody four essential principles:


Creating luck by noticing and acting on opportunities,
Expecting that one can create luck through perseverance,
‣ Making decisions which are informed by the well honed intuition, and
‣ Resisting the negative by finding and even creating the bright side of every situation


The post author, Bradley Bendle, also cites several other recent innovation books including a model from Andy Stefanovich in Look at More (Jossey-Bass, 2011) and his five M’s framework (Mood, Mindset, Mechanisms, Measurement, Momentum.)


Like other posts on his site, the post is rich in citations plus the author's own spin and distillation based on his innovation readings including his view of the Innovator’s Mindset as being comprised of following six reinforcing domains:


1) Alertness
2) Curiousness
3) Willingness
4) Joy
5) Desire
6) Drive



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