Costs Quote by Soren Skou
“The investments and costs you have to put into digitalising means there will be an incentive for companies to merge.”
About This Quote
Source Interview: Financial Times, 2021
Digital transformation costs create economies of scale, prompting firms to combine resources for efficiency.
In simple terms: High digital costs push companies to merge.
Consider strategic partnerships before merging.
Themes
Mood
Type
When to use this quote
- corporate planning
- budgeting
- strategic growth
- industry reports
Key Concepts
Questions to Reflect On
- Is merging the only solution to high costs?
- What alternatives exist to achieve efficiency?
Mergers may reduce competition and innovation.