MBA masterclass: when strategy is a matter of luck

Ali Corbett

An MBA can enhance your income, your connections and your career prospects — but what will you actually understand? In an occasional sequence, we showcase the perform of academics at top rated-rated business educational institutions.

At 1 position in Moneyball, Michael Lewis’ book on the unbelievable profitable operate of the Oakland A’s in the early 2000s, Billy Beane, general manager of the underfunded baseball outfit, tends to make a surprising declaration. His statistical assessment doesn’t perform in the engage in-offs, he claims — that is down to luck.

He utilizes more colourful language, but the position is that Beane is mindful that, for all his ingenuity in figuring out undervalued gamers, luck or randomness is an inescapable issue in baseball, as it is in all walks of lifetime.

Nevertheless luck played a element in the tale in more means than 1. Moneyball is usually portrayed as a triumph of

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