Here is one simple lesson to be gleaned from Aviation Week's Top-Performing Companies (TPC Study): avoid overconfidence. History shows that a first-place finish is no guarantee of long-term success. Conversely, even consistently strong performers have a bad year every now and then. When the TPC debuted in 1996 as the “Index of Competitiveness,” defense contractor Northrop Grumman led the ranking of 79 companies. Bombardier placed first in the 2000 study and second the next two years. ...


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