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How great companies turn crisis into opportunity

People who take credit in good times and blame external forces in bad times do not deserve to lead. End of story. Jim Collins on Fortune.com

Clock-building, not time-telling

Clock Builders focus on the organization as a whole, on the structure, attempting to strengthen existing structures, strategies, and culture. They focus not on building themselves, but building the organization — and building them to last.

Location, location, location

Conrad Hilton, when asked about the key to his phenomenal success, said, “there are three secrets to success in the hotel business: they are location, location, and location!”