consortium

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Consortium

A group of companies that cooperate and share resources in order to achieve a common objective.

Consortium

A group of independent companies participating in a joint venture for mutual benefit. Companies in a consortium cooperate with one another, often sharing technology as needed. A consortium allows the companies to conduct operations that they would not be able to do individually. It is important to note, however, that a consortium is not a merger and the companies remain independent.

consortium

A group of organizations that participate in a joint venture. Airbus Industrie, a European airplane manufacturer, is a consortium of four public and private corporations in Britain, France, Spain, and Germany.

consortium

a group of independent companies or financial institutions which agree to work together jointly on some undertaking, for example the construction of an electricity power plant or the provision of a range of financial services, each contributing some particular resource input or expertise. In recent years, many TAKEOVERS of companies have been arranged on a consortium basis, with a view to breaking up the target company and sharing out its assets between the individual participants in the consortium. See CONTRACTOR.

consortium

a temporary grouping of independent firms, organizations and governments brought together to pool their resources and skills in order to undertake a particular project such as a major construction programme or the building of an aircraft, or to combine their buying power in bulk-buying factor inputs.
References in periodicals archive ?
The CDL's eScholarship platform, which has long served as a central repository and publishing platform for the UC system, has recently been re-engineered to offer what the CDL describes as "a robust consortial model: a single aggregated repository with custom access layers and a strong brand identity for each of our ten UC campus sub-repositories.
After cyclic application of liquid formulations of both individual and consortial strains (L, M, C, L+M, L+C, M+C, L+M+C) in field the decrease in total bacterial and fungal population was observed with a gradual increase in fluorescent Pseudomonas population (Figure 1).
The case studies comprise about half the book and run the gamut of possible consortial projects.
The potential for cost savings--combined with improvement in the quality of services and products made possible through large-scale bulk purchasing power-offers a powerful incentive for institutions to explore avenues for substantial consortial efforts in this arena.
The second phase of the consortial benchmarking project ended with the development of a structured questionnaire reflecting the above criteria and designed to elicit from participating firms information about how they identified innovative suppliers that could participate in joint development projects.
The other fifteen consortial libraries are not part of this union catalogue; however, they enjoy the benefits of the union catalogue of IITs.
strengthen the collaborative linkages between current and new Consortial members with new research streams and catalyze highly relevant discovery research.
There are three basic principles: (1) it is much cheaper to make low-use and marginal books available to local patrons by borrowing from other institutions rather than by purchasing them; (2) substantial sharing among consortial members requires major reductions in the unit cost of borrowing and major increases in the ease and speed of sharing materials; and (3) it is possible to substantially improve the cost per use of a book title as well as increase the richness of the collection by transferring money spent on unnecessary duplication to purchase of new titles.
This unique approach to consortial DDA resulted in hundreds of titles triggered for purchase, many of which experienced post-purchase usage across the membership.
It surveys the present changing data repository landscape and uses practical examples from a large, current Texas consortial effort to create a research data repository for universities across the Lone Star State.
Le reamenagement de l'encours du credit a long terme consortial accorde en pool bancaire, ainsi que les impayes en principal et interets y afferents soit 353MDT en un nouveau credit a long terme remboursable sur 123 mois dont 12 mois de grace en principal.
The Repository Services are fairly new, and so we are working with members and getting in conversation with them to see if what we're doing at the consortial level here makes sense for them," Murray explains.