Archive for: December, 2008

Recent occurrences within the hospitality industry and the nation have resulted in a market with extremely different characteristics than those of just a few years ago. Consolidation, globalization, and business failures continue to reduce the number of industry participants; lending and building excesses have been widespread; and the ability to acquire, finance or sell hinges

According to Yoram “Jerry” Wind, professor of marketing at the University of Pennsylvania’s Wharton School and founding director of Wharton’s SEI Center for Advanced Studies in Management, “wealth is created during periods of uncertainty. Making money depends on identifying opportunities in a turbulent marketplace.” Wind proposes three essential characteristics of organizations that flourish in times