consortium

(redirected from consortial)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

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 ?
While delivery of titles can be provided at a lower cost within a consortium, in cases of minimal consortial use, document delivery is more immediately cost effective.
Patron-initiated ILL promises to put pressure on consortial commitments to view members' resources as a seamless whole, the consortium as "one library.
Other consortia have developed vibrant faculty and administrative collaborations that include joint training and professional development for faculty and departmental chairs, shared library services and subscriptions, and faculty diversification and mentorship efforts ranging from National Science Foundation-funded AGEP (Alliance for Graduate Education and the Professoriate) consortium grants to Mellon-funded post-doctoral consortial fellowship programs and collaborative faculty research projects.
In order to better understand how a firm can access the innovation power of their suppliers and to develop guidance for managers on how to do so, a research consortium was formed to conduct a consortial benchmarking project, a method by which a coalition of academic researchers and practitioners work together to identify best-practice firms in a particular area and benchmark the characteristics of those firms (see "The Consortial Benchmarking Method").
Selected papers from the conference, collected here, examine topics including a locally hosted e-book platform in a consortial environment, an initiative to improve journal transfers between publishers, deep indexing of embedded article information, weeding a periodical collection, and tracking the indexing and abstracting of open access journals.
For scientific and technical journal publishing, the means of distribution has settled into new models, driven in large part by the growth of consortial licensing.
Its main focus is on negotiating affordable subscriptions on a multi-country consortial basis, while supporting the enhancement of emerging national library consortia in member countries.
Whether it's a part-time, modular, distance learning, in-company or consortial MBA you have in mind, the right programme is out there.
In the last decade and a half the convergence of two explosive trends--the rise of digital information and consortial organization--have provided radical new possibilities for improving libraries' abilities to get more value out of each dollar spent.
Summarizing the findings of an extensive four-year research program, he examines the interplay of knowledge management, innovation, and consortial arrangements in the Cancer Information Service, an organization charged with delivering up-to-date information to the public related to scientific advances concerning cancer.
The National Center for Manufacturing Sciences (NCMS) is the largest cross-industry collaborative research and development consortium in North America, and is the only consortial effort in the U.