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Tag: Return on Luck

  • Make Your Destiny via Deliberate Practice

    Make Your Destiny via Deliberate Practice

    Daily writing prompt
    Do you believe in fate/destiny?
    View all responses

    They say that destiny is a choice not chance. I do firmly believe in this statement and hence the post will enlighten how to make your destiny via deliberate practice.

    History bears ample testimony to that fact that all successful people have had lucky breaks. But it equally true that they have made full use of the chance because of their preparedness.

    Make your destiny via Deliberate Practice

    Read this post to know the essence of deliberate practice your secret weapon to preparedness.

    https://viewpointsunplugged.com/make-deliberate-practice-your-lifes-mantra/

    Another important post in this regard is this:

    https://viewpointsunplugged.com/what-is-return-on-luck/

    To know more about the concept of deliberate practice I would encourage you all to go through this link:

    https://jamesclear.com/deliberate-practice-theory

    Also do not forget to read more about Jim Collins and his wonderful books wherein he mentions how preparedness has enabled great leaders to make their destiny via deliberate practice.

    https://www.jimcollins.com

  • Asymmetry between good luck and bad luck

    The interesting asymmetry between good luck and bad luck is that:

    A single stroke of good luck , no matter how big the break , cannot by itself make a great company.

    But a single stroke of extremely bad luck that slams you on the Death Line , or an extended sequence of bad luck events that creates a catastrophic outcome , can terminate the quest.

    Adopted from Jim Collins’s book titled “Great By Choice”

  • When AMD squandered “good luck”

    AMD gave Intel a run for its money when in the mid 1990’s AMD’s K5 processor had all features of Intel’s Pentium processor and was sure to grab a lot of Intel’s market share.

    The opportunity AMD had got with its K5 chip to topple Intel’s market leader position was squandered when the K5 chips came to market later than expected due to issues in getting the chips delivered to market on time.

    Adopted from Jim Collins’s book titled “Great By Choice”

    Please find below the link from wikipedia.com that talks about all such things related to the K5 chip.

    https://en.wikipedia.org/wiki/AMD_K5

  • What is “Return on Luck”

    Adopted from Jim Collins’s book titled Great By Choice

    High performers or 10X performers make the most of an opportunity.Luck for them is “preparation meeting an opportunity”

    These are high performers who make the most use of luck to get high ROL or Return on Luck to leave competitors by the wayside.

    Think of Bill Gates and how he got exposed to computer during Baby Boomer age and how he made the most out of the opportunity