More coffee, the FTSE 250 and Luck pt1

View from the National Gallery overlooking Trafalgar Square

Nelson, walking in the clouds

So once again I find myself sat at a coffee shop reading over my notes from the past couple of days. It always starts with coffee for some reason … or as my husband says … “best drink of the day..” Anyway, I digress …

I was reading an article on the performance of the FTSE 250 suggesting that its performance is at its 2007 levels again and that the FTSE 100 would be too if you stripped out the performance of the banks – which made me wonder if there were any leadership implications. I had a long and heated debate with my husband, over breakfast, about the different styles of leadership and the different market conditions that breed or at least reinforce certain styles over others … how certain leadership styles are appropriate in certain environments/industries and so forth, but not in others … Churchill is an example, a brilliant war time leader who could inspire and engage with people but who after the war, found his style no longer resonated. It made me wonder if there was any relationship to the recovery of some of the banks as they learn to do business in a new environment. We more or less came down to the stalemate that there are so many variables it would be difficult to pin it down – but definitely the topic of a meta-analysis sometime into the future. Add that to the to-do list …

But then somehow the conversation took a big detour. We started talking about lucky decisions, why was it that some leaders/businesses always seemed to be in the right place at the right time to capitalise on market conditions and then it generalised to people in general. Why is it that some people appear to be lucky and then, what exactly is luck? And can we really make it or is it simply about probabilities, it exists in a finite quantity so that one person’s luck results in another person’s unluckiness. (I’ll remind you that this conversation was happening at 7am).

Wikipedia defines luck as “Luck or fortuity is good or bad fortune in life caused by accident or chance, and attributed by some to reasons of faith or superstition, which happens beyond a person’s control.”

Beyond a person’s control, chance. Is it really chance? Does that imply that we have no control over our fates and are just moving through time hoping to be hit by the luck molecule? *Ping* way hey, got that job I’ve been working hard for …. oh wait, I worked hard for that. Hmmmmmm …

Well since this post is becoming rather long and I have to scurry off to a meeting, I’m going to end here for the moment. I’m interested in what you think … is luck just chance? do we influence it? can we change it? are we stuck with our lot in life??

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About Anna

ZIA Executive works with individuals, teams and organisations to help turn people potential into sustainable business performance. We work closely with our clients to develop the best solutions to meet their needs and the needs of their business in a way that is engaging, practical and outcomes oriented. Zia Executive's expertise lies in four primary areas: * Executive Coaching * Leadership and Management Development * Team and Individual Development * Organization/Cultural Transformation
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