A university study in Italy has simulated the effect of luck on wealth creation.Β The study showed that richer people were more likely to be also lucky.Β Β While this study was focused on individuals, it also looked at the wider implications, and concluded that casting wider for insights will provide better returns than placing specific bets.
If this research is able to be reproduced, it would give further support to the idea that expanding an organisation’s field of view will create long term returns.