The Best Companies Aren’t Luckier, But Know How To Capitalize on Luck

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Ever wondered if the best companies in the world got to be that way just from luck or from hard work?

This great New York Times essay explores that very idea and finds that really successful companies aren’t more lucky. But the authors, Jim Collins and Morten Hansen, studied a range of companies and found the best ones thaare better at building on lucky events.

They call that Return on Luck – or ROL.

 

Facebook to Settle FTC Charges

Facebook is reportedly ready to settle a privacy complaint with the FTC, agreeing to get consent from users before making private data public and to performing privacy audits for the next 20 years.

At issue is Facebook’s decision in December 2009 to make sweeping and retroactive changes to user profiles, including requiring all users to have their profile images, cities of residence, and expressed interests made public.

Facebook’s “simplified” privacy settings also changed users’ default settings to make status updates fully public. Other settings that had been private or limited to only “Friends” became visible to “Friends of Friends” and to third-party developers. Even though users could manually change many of these defaults, most (reportedly about 80%) did not

Facebook to Settle FTC Charges

Facebook is reportedly ready to settle a privacy complaint with the FTC, agreeing to get consent from users before making private data public and to performing privacy audits for the next 20 years.

At issue is Facebook’s decision in December 2009 to make sweeping and retroactive changes to user profiles, including requiring all users to have their profile images, cities of residence, and expressed interests made public.

Facebook’s “simplified” privacy settings also changed users’ default settings to make status updates fully public. Other settings that had been private or limited to only “Friends” became visible to “Friends of Friends” and to third-party developers. Even though users could manually change many of these defaults, most (reportedly about 80%) did not

Facebook to Settle FTC Charges

Facebook is reportedly ready to settle a privacy complaint with the FTC, agreeing to get consent from users before making private data public and to performing privacy audits for the next 20 years.

At issue is Facebook’s decision in December 2009 to make sweeping and retroactive changes to user profiles, including requiring all users to have their profile images, cities of residence, and expressed interests made public.

Facebook’s “simplified” privacy settings also changed users’ default settings to make status updates fully public. Other settings that had been private or limited to only “Friends” became visible to “Friends of Friends” and to third-party developers. Even though users could manually change many of these defaults, most (reportedly about 80%) did not