article thumbnail

The Data Says Climate Change Could Cost Investors Trillions

Harvard Business

These so-called “stranded assets,” sitting on petro-company balance sheets, are essentially worthless. In other words, does it really make sense for a hospitality or real estate company to build a new hotel, apartment, or office complex right on the coast in Miami? And thus those companies are massively overvalued.

Data 28
article thumbnail

You Don’t Need to Be a Silicon Valley Startup to Have a Network-Based Strategy

Harvard Business

As an example, hotel chains like Marriott or Hilton create value chains that deliver rooms and related services to their customers. For most companies intellectual property is something that sits on their balance sheet. Operate : Deploy the platform to foster connections and the exchange of value at scale.

article thumbnail

Blockchain Will Transform Customer Loyalty Programs

Harvard Business

In some cases, travel loyalty program points differ by journey component (flight, car rental, hotel, dining), leading to fragmented point collections. First, blockchain could help relieve a large balance-sheet liability that many in the industry are facing. Blockchain-based loyalty platforms could be another such disruption.

Travel 34