Association of Strategic Alliance Professionals’ Post

Are Luck and Hard Work the Keys to Success? The juxtaposition of luck, often defined as fortuitous events leading to favorable outcomes, and hard work, characterized by consistent effort and dedication towards achieving goals, presents a thought-provoking contrast in discussions surrounding success. Success, encompassing the realization of personal, professional, or academic objectives, is a nuanced interplay of various factors, including the elusive elements of luck and the steadfast commitment to hard work. The notion that "Luck plays a role in success, but the harder you work and the more you prepare, the luckier you get" suggests that diligent effort and meticulous preparation can enhance the likelihood of encountering advantageous circumstances. While the exact relationship between luck and success remains enigmatic, empirical research and anecdotal evidence frequently support the notion that industriousness and readiness augment the probability of achieving success. In diverse fields such as psychology and business, studies have underscored that individuals who consistently invest effort, refine their skills, and strategically plan for opportunities tend to achieve higher levels of success. This phenomenon is partially ascribed to their heightened awareness and preparedness to seize fortuitous openings that may evade others. Moreover, a strong work ethic can engender a self-perpetuating cycle, where initial accomplishments bolster confidence and pave the way for subsequent achievements. Despite the unpredictable nature of luck, a prevailing consensus suggests that hard work and preparation empower individuals to leverage serendipitous occurrences when they present themselves. How do you interpret the delicate balance between fortuitous chance and unwavering endeavor in the pursuit of success, especially in the context of navigating the intricate dynamics of luck and hard work?

A summary of All Public Writings of Daniel Kahneman

Integrity to values OR hypocrisy and Control? 🤔 What do you think about this juxtaposition? I would love to hear your thoughts and opinions.

BCG pricing expert Matthew Kropp takes a closer look at the Strategic Pricing Hexagon in "The Choice Game: Personalized Pricing." In this expert interview, Kropp describes the Choice Game, strategies that work well, challenges players face, and how players can maintain a competitive advantage.

The final version of my thesis is here! Over the course of my senior year, I investigated the effect of the pitch clock on pitcher performance. I used pitch-by-pitch data from the 2022 and 2023 MLB regular seasons to quantify exactly how much the implementation of the pitch clock affected pitch velocity and spin rate. I came to a number of important conclusions: - There is a positive relationship between time between pitches (pitch tempo) and pitch velocity, especially for fastballs. That relationship became much more positive in between 2022 and 2023, meaning that the value of rest grew significantly with the implementation of the pitch clock - Pitch velocity had a more negative relationship with game-long pitch count in 2023, meaning that pitchers were likely getting more tired late in games - The effect of the pitch clock on spin rate was more uncertain, with certain pitch types, especially breaking pitches, experiencing the largest changes I am interested to see how my model framework can be extended to other measures of pitch quality like Pitching+ and Stuff+. I also think that my findings can present an important perspective on how much (if at all) the pitch clock has contributed to pitcher injuries. Let me know what you think!

BCG pricing expert Matthew Kropp takes a closer look at the Strategic Pricing Hexagon in "The Choice Game: Personalized Pricing." In this expert interview, Kropp describes the Choice Game, strategies that work well, challenges players face, and how players can maintain a competitive advantage.

Morgan Housel: Same as Ever Morgan is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, and winner of the New York Times Sidney Award. Morgan Housel on the importance of holding cash, challenging traditional analytical approaches and encouraging a broader reflection on life beyond numbers. Discover the recurrent nature of once-in-a-lifetime events, the pitfalls associated with the insatiable desire for certainty, the value and power of storytelling, and the complex interplay between incentives and expectations. Gain insights into the value of forecasting behaviours instead of market dynamics, why pessimism is more common and more captivating than optimism, embracing slight inefficiencies on the path to success, and much more!

📖Did you read part one of The Return To Play Conundrum by Griffin Waller a few weeks back? Here’s part two!👇 “Ultimately, the shared-decision making model provides a formal structure and process to help guide interactions, while providing contributing members with an evidence-based rationale for decision making” https://lnkd.in/eJYR2Q3x

Unique insights gleaned through a fireside chat with ArcStone CEO, Michael Astone, espousing market trends, strategic partnerships, and current transactions the firm is leading. Please see below.

Whether we like it or not, we humans are born into an everlasting game of power. Do you know the rules of the game? Are you playing to win? The 48 Laws of Power, by Robert Greene, maps out the rules to win, using historical examples from civilizations across the globe, drawing on three thousand years of history. He distills the lessons from master manipulators for us to understand and to choose! Join us tomorrow at 8:30, in a new episode of We Read For You, with Nervine Oleem, for a glimpse – of power, and to find out more about how little mistakes can help some people to win big, and how, sometimes, your best chance to win a battle is by surrendering! The 48 Laws of Power, tomorrow at 8:30 AM.