Conglomerate

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Related to conglomeratic: Fanglomerate, orthoconglomerate

Conglomerate

A firm engaged in two or more unrelated businesses.

Conglomerate

A corporation that runs and manages many, unrelated businesses. The businesses are in different industries and generally have nothing at all to do with each other in terms of what products are produced. The theory behind a conglomerate states that the individual businesses can be managed at lower cost because they are able to pool resources while also reducing risks inherent to any particular industry. Conglomerates are not as popular in the United States as they once were because some became so complex, they were impossible to operate. See also: Keiretsu, Chaebol.

conglomerate

A company engaged in varied business operations, many of which seem unrelated. A conglomerate is designed to have reduced risk, since its various operations are affected differently by business conditions over time. In addition, it is possible for a conglomerate to redistribute its corporate assets depending on which operations show the most promise. Conglomerates were popular among investors during the 1960s but investors' interest in them faded during the 1970s and the 1980s.

Conglomerate.

A conglomerate is a corporation whose multiple business units operate in different, often unrelated, areas.

A conglomerate is generally formed when one company expands by acquiring other firms, which it brings together under a single management umbrella.

In some, but not all, cases, the formerly independent elements of the conglomerate retain their brand identities, though they are responsible to the conglomerate's management.

Some conglomerates are successful, with different parts of the whole contributing the lion's share of the profits in different phases of the economic cycle, offsetting weaker performance by other units.

Other conglomerates are never able to meld the parts into a functioning whole. In those cases, the parent company may sell or spin off various divisions into new independent companies.

References in periodicals archive ?
The SOTAMO 21-1 well (60 miles east of the 19-2 well), drilled in August- September 1996, drilled and cored approximately 26 feet (8 meters) of oil saturated conglomeratic sandstone of 18 percent porosity in the upper part of the Lower Cretaceous-Upper Jurassic Tsagaantsav Formation.
2), thus requiring correlations in conglomeratic sequences, but is estimated to be about 6600 m (Force and Barr 2006; as modified herein).
The provenance of sedimentary and volcanic clasts in the central part of the conglomeratic sequence is not clearly related to local basement sources, which are variably mylonitic metamorphic and plutonic rocks (Force and Barr 2006).
Twin Peaks -- A region on the northwest corner of the Hope Bay belt where favourable intrusive/extrusive volcanics capped by conglomeratic sediments suggests potential for Timiskaming Unconformity-style mineralization.
Outcrops in the bank about 10 m to the southwest are downdip, and thus a meter or so stratigraphically below the level of the conglomeratic sandstone outcrop.
Stockwork veining in the andesites could conceal mineralization within stratigraphically lower conglomeratic units that would make an excellent bulk tonnage host.
Many of the beds have conglomeratic bases with thin (<20 cm) well laminated metasiltstone at the top.
The zone approaches 350 meters in width and occurs primarily within conglomeratic sediments associated with the El Malacate ring structure (see company website).
The Sussex Group is in turn subdivided into a conglomeratic Round Hill Formation, a red mudstone-dominated Weldon Formation, and a grey-red shale - evaporite Gautreau Formation.
This diamond drill hole intersected a zone of intense shearing and stockwork quartz veining hosted in a sequence of conglomeratic metasediments between 78 metres and 110 metres.