Oncken's Leadership Equation
In the “real world”, results are a combination of performance plus luck. We define luck as stated above. Oncken’s Third Law summarizes our strategy for dealing with the “luck element” in life: “Each individual must so marshal his competencies and molecular resources that he is able to:
- Capitalize on good luck when it occurs (as an opportunist),
- Reach his objectives as planned when luck is neutral, and
- Exercise maximum damage control (as a troubleshooter) when bad luck occurs.”