Problems and Benefits
There are internal and external (e.g. society-wide) gains and losses due to vertical integration. They will differ according to the state of technology in the industries involved, roughly corresponding to the stages of the industry lifecycle.
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Famous quotes containing the words problems and/or benefits:
“I respect guilt. It is a dangerous but sometimes useful beast. The guilt that made me want to solve all my children’s problems meant trouble. The guilt that made me question my role in our mother-daughter squabbles proved helpful. Yes, I care about my kids’ problems, and I long to make suggestions. But these days I wait for children to ask for help, and I give it sparingly. Some things can’t be fixed, and I tell them so.”
—Susan Ferraro (20th century)
“It is with benefits as with injuries in this respect, that we do not so much weigh the accidental good or evil they do us, as that which they were designed to do us.—That is, we consider no part of them so much as their intention.”
—Laurence Sterne (1713–1768)