What is luck in the opinion of entrepreneurs, how does it affect decisions, and what role does it play in firm … believe luck is important are reluctant to become entrepreneurs, and those who do exhibit lower commitment. Luck perceptions … importance among various determinants of overall entrepreneurial performance. One possible reason is that entrepreneurs do not …

define luck as unexpected performance and look for an answer in a large survey of entrepreneurs. Accordingly, luck ranks last … become entrepreneurs. Consistent with the definition, what entrepreneurs believe is luck correlates with the unexplained …