Overview

Luck Readiness is defined as recognising, creating utilising, and adapting to opportunities and outcomes occasioned by chance. The Luck Readiness Index assesses eight dimensions: Flexibility, Optimism, Risk, Curiosity, Persistence, Strategy, Efficacy, and Luckiness. The LRI is 52 items long, usually takes no more than ten minutes to complete and can be understood by anyone with a grasp of English sufficient to be able to read a newspaper.

Among the ways it can be used are to help diagnose potential strengths and limitations in individuals’ ability to use luck, to stimulate creative responses to career development of those who feel “stuck” in a particular job, to encourage a positive response to change among those who feel threatened or “victimised” by unplanned events often beyond their control and to guide those who want to improve their “luck readiness” as part of the development of an entrepreneurial strategy for their future. The potential for the LRI to be used for career development research, team building, staff development and organisational change adaptation, all also appear promising.

Identifying those high on all the luck readiness is useful for confirming individuals’ capacities for management and entrepreneurial activity as well as to cope positively with life transition changes. However, what happens if individuals obtain scores which are the opposite of the luck readiness model profile outlined above? That is, if individuals score below average on one or more of the LRI dimensions (or above average on Efficacy) how can they use this information constructively? Since change represents both a challenge and opportunity, such a situation represents the chance for such individuals to change by taking action to redress whatever limitations are identified. The LRI Manual outlines a series of techniques and resources for developing skills in all eight areas of the LRI dimensions.