steadygoing @steadygoing

tree of biased knowledge of good and bad Warsaw, Poland Joined January 2009

Tweets

137K
Followers

1K
Following

5K
Likes

426

1. Your Material Success: The Boundary Between Genius and Chance Richard Byai Abstract The question of why some individuals achieve extraordinary material success while others do not has long divided analysts, policy-makers, and philosophers. Competing narratives emphasize…

0 0 0 27 0

steadygoing @steadygoing

7 hours ago

9. Bibliography (Annotated) •Rumelt, R. P. (1991). “How Much Does Industry Matter?” Strategic Management Journal, 12(3), 167–185. — Empirical decomposition of performance variance. •McGahan, A. M., & Porter, M. E. (2002). “What Do We Know About Variance in Accounting…

0 0 0 11 0

steadygoing @steadygoing

7 hours ago

8. VIII. Conclusion Material success is never the product of genius alone, nor the passive gift of circumstance. It arises at the unstable frontier where individual agency and structural context converge. The evidence across economics, management, and sociology converges on a…

0 0 0 18 0

steadygoing @steadygoing

7 hours ago

7. VII. Design Implications If the architecture of success is 70 percent context and 30 percent agency, then both individual strategies and institutional designs must be recalibrated. The practical challenge is not to resolve the primacy of one over the other, but to build…

0 0 0 13 0

steadygoing @steadygoing

7 hours ago

6. VI. Epistemic Limits and Narrative Bias Even if the 70:30 distribution reflects empirical reality, human cognition resists it. We are narrating animals, compelled to transform outcomes into coherent stories. This narrative impulse distorts our understanding of success and…

0 0 0 9 0

steadygoing @steadygoing

7 hours ago

4. IV. Where Genius Meets Circumstance The decisive locus of success is not agency alone or context alone but the point at which they intersect. This intersection is neither static nor predictable. It is dynamic, contingent, and visible often only in retrospect. The literature…

0 0 0 9 0

steadygoing @steadygoing

8 hours ago

2. II. Agency: The Internal Engine Agency is the human capacity to act intentionally, to mobilize knowledge, skills, and will in pursuit of defined objectives. In theories of the firm and of entrepreneurship, agency is the indispensable driver. Penrose (1959) described firms…