If every successful man eavesdrop his peers (who missed the boat), the comments will be “He must be lucky chap”, “Lady luck is always with him”, “He is fortunate guy” etc.
As defined in book “ Monk who sold his Ferrari” Luck is marriage of Opportunity and Preparation.
Is this definition really enlightening us?
Lets take a case …watch the video ….How much Lady Luck favors Bill Gate:
Opportunity: IBM on hunt for OS to compete Apple.
Gary Kildall: He was having CP/M OS (he was prepared). Although IBM was at his door (Opportunity knocking the door), not able to materialize the opportunity. He was not lucky to become world’s richest man, as Marriage b/w Opportunity and Preparation didn’t happen.
Tim Patterson: He was having OS almost similar to CP/M (he was prepared). Microsoft gave an opportunity by offering 50K dollars for his four-month work. He missed full support of Lady Luck as IBM not offered the opportunity (or he has not grabbed the opportunity).
Bill Gates: He was unprepared but offered the opportunity and he won the Jackpot.
In crux, Opportunity outscores preparation in case of startups. Most of the startups have projects even before their first employee is recruited. For startups, Entrepreneur must have Eagle view to capture the opportunity (Vision). Preparation (Operations) comes next in their priority list.
In case of GMAT, every human being ready to pay GMAT fee has an opportunity to score 800. Without preparation opportunity will be not be worth a penny. Hence preparation is must (Wow!!! That conclusion is really out of box )
Now I’m getting in shoes of Management consultants(case study and out of box conclusion).
