Abstract
Some moral theorists hold that moral luck is an unavoidable part of the human condition and so also of the business environment. Managers are often rewarded for successes which were not completely within their control and blamed for failures for which they were not solely responsible. Sometimes, their decisions involve the potential for unforeseeable or unknowable events to intervene, entailing significant moral consequences. Performance measurement systems that acknowledge a plurality of valuable economic and non‐economic performance indicators may help to mitigate the avoidable effects of luck on human well‐being.