Summary Serendipity means the accidental discovery of something valuable. While it is sometimes presented as an element of organizational learning, it has rarely been addressed per se by organizational scholars. We discuss and elaborate the processes associated with serendipity in the...

The so-called “sailing ship effect” has often been stated as though there is no doubt that it really took place in the end of the 19th century. The notion has, moreover, been used as a stylised fact that is in charge of conveying the idea that the substitution threat of new radical...