Abstract
Entrepreneurship researches have been curiously silent on luck since
luck, itself is elusive and cannot be systematically quantified in any
meaningful measurement. An explicit and systematic evaluation of where
luck is situated along the spectrum of certainty to absolute uncertainty
will be undertaken in this paper. Exploration on the social construction
of luck, effect of luck, human interventions relating to luck; the
discussion on the operationalization of luck will open potentially rich
veins of theoretical inquiry premising on quantum uncertainties, chaos
theory, Heisenberg uncertainty principle and Weick’s sensemaking.
Heisenberg uncertainty principle or Knightian’s uncertainty or the chaos
theory, they are not competing alternatives and irreconcilable as they
are not dealing with the same aspect of the indeterministic phenomenon.
This paper will explore the indeterminacy of luck along the processual
pathway of entrepreneurial venturing. It concludes by offering a
compelling proposition on opportunistic and propitious timing with
regards to the eventual rewards.