Luck is measured based on the theoretical framework posited by Ma (2002). However, rather than having four dimensions, this study measures luck with only two dimensions based on Ma’s (2002) endogenous and exogenous categorisations. Endogenous luck includes useful weeds and skunk works from Ma’s (2002) framework, while exogenous luck consists of both pure luck and prepared luck. The focus of luck in this study is the capability of the firm to benefit from uncertainties in the environment and accidental discoveries within the firm. Opportunity sensitivity is developed to measure the cognitive ability of an entrepreneur. The opportunity sensitivity construct is made up of three concepts, which are: opportunity identification, opportunity evaluation and opportunity exploitation, which are in line with Venkataraman’s (1997) and Shane and Venkataraman’s (2000) definition of entrepreneurship. These three concepts measure the three processes of innovation: the ability of the entrepreneur in identifying opportunities; technically evaluating the opportunity identified; and eventually developing the opportunity into products or services. All the variables in the research framework are measured using a six-point itemised rating scale, ranging from ‘strongly disagree’ to ‘strongly agree.’