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6 Digital Strategies, and Why Some Work Better than Others

Harvard Business Review

Based on our recent worldwide survey of 2,000 incumbent companies across all major industries and countries, we estimate that the average return on incumbent digital initiatives is below 10% — barely above the cost of capital. Accor, which is opening its online booking platform to independent hotels offers a good case.

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Why the 21st Century Will Belong to Family Businesses

Harvard Business Review

As a result, family equity can come at a very low cost of capital, where businesses can meet the annual needs of their shareholders without having to worry about paying back the principal. One client built a hotel complex in an underdeveloped area.