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MBA masterclass: when strategy is a matter of luck

An MBA can strengthen your income, your connections and your occupation prospective buyers — but what will you truly understand? In an occasional sequence, we showcase the operate of lecturers at top rated-rated company universities.

At just one point in Moneyball, Michael Lewis’ e-book on the unbelievable winning run of the Oakland A’s in the early 2000s, Billy Beane, standard supervisor of the underfunded baseball outfit, can make a stunning declaration. His statistical investigation doesn’t operate in the play-offs, he claims — which is down to luck.

He works by using more colourful language, but the point is that

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