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Serendipity is defined as an ability to notice, evaluate, and take advantage of unexpected information for survival purposes (both natural and social). The concept has been discussed for centuries. Still, it has only caught the attention of academia quite recently due to its strategic advantage in all aspects of life, such as daily life activities, science and technology, business and entrepreneurship, politics and economics, education administration, career choice and development, etc.
Serendipity has been acknowledged as one of the crucial factors behind many inventions or discoveries. Serendipitous moments can appear and become a strategic advantage  in all aspects of life, including daily life activities , business and entrepreneurship , science and technology , politics and economics , education administration , career choice and development , etc.
The earliest discussion of “serendipity” might be traced back to some versions of the story of Walpole . Despite appearing centuries ago, the concept of serendipity has only been systematically studied quite recently. Serendipity can be defined as an ability to notice, evaluate, and take advantage of unexpected information for survival purposes (both natural and social) . More specifically, the scholars suggest that there are three typical characteristics of serendipity:
According to a recently proposed theory , serendipity is described as followed.
De Rond  identified three types of serendipity for better studying and using the serendipity concept in innovation. The classification results from a 2x2 matrix between two categories: (1) the individual’s intention to search for information for solving a problem or finding an opportunity, and (2) the relation between the targeted problem and the solved problem. Nancy K. Napier and Vuong Quan Hoang  later demonstrated the matrix more explicitly with some additional symbols (see Figure 1). It should be noted that even though the matrix indicates four scenarios, there are only three types of serendipity because scenario ‘A → A’ is a normal problem-solving situation.
Figure 1: Three types of serendipity. Modified based on .
Context is critical for achieving serendipity. Scholars have identified factors influencing the possibility of a serendipitous moment happening at two levels:
At the organizational level, both physical and cultural infrastructures are essential to encourage encounters of serendipity. Cunha et al.  suggest that the “free flow of information” through different types of social networks, such as different units and hierarchical levels, might provide individuals with opportunities to reach out to new kinds of information and consequently face unexpected details. An organizational culture that promotes risk-taking, withholding of blame, and openness to a range of ideas can also improve the chances of encountering serendipity . In contrast, an organization with no openness and trust might thwart the individuals’ opportunities to face unexpected information or events.
An organization with a certain degree of tolerance to autonomy for experiments , “controlled sloppiness” , and minimal structure  might create a more suitable environment for unintentional events to occur. The proactiveness of looking for serendipity is also another important organizational culture that facilitates the encounter of serendipity .
At the individual level, the factors that influence the possibility of encountering serendipity are the individual’s capabilities to notice and capitalize on unexpected information or events. These factors can be categorized into three groups: The first group consists of general characteristics that can help individuals be more capable of seeing and pursuing serendipity, such as motivation to work hard and perform well , a social network used effectively , willingness to take risks , and a good “grip on reality” in terms of feasibility . The second group consists of those involved in openness  and curiosity , while the third group includes those related to preparedness  and alertness .