Conglomerate

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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.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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 ?

Meanwhile, an official shared that the incumbent vice chairmen and heads of LG's different units will be evaluated based on their performance and their capabilities to drive growth in the conglomerate's businesses. 

Samsung, LG Prepare For Annual Reshuffle Of Execs

LG Corp, a holding company of the electronics-to-chemicals conglomerate, said on Thursday its longtime chairman was unwell and planned to nominate his son to its board of directors in preparation for a leadership succession.

The senior Koo's younger brother, the group's vice chairman Koo Bon-joon, who led LG Electronics for many years, effectively managed the conglomerate in his stead.

S.Korea's LG Group chairman dies from illness at 73

Predictions that conglomerates would decline in India are generally predicated on changes in these underlying conditions.

The birth of Alphabet, Google's new holding company, prompted much talk of a conglomerate renaissance.

For Indian conglomerates, bulk is not a hazard

This definitional paragraph is the only mention of conglomerates in Benveniste's article, which mostly focuses on a form of compounding (involving technical terms) more often commented : synapsies (N prep N constructions of the type machine a laver (literally machine for washing, 'washing machine').

"Phrasal compounds" and the discourse/lexicology interface: "conglomeration" within the French tradition of English lexicology

Indian conglomerates have also managed to get a better than average BT 500 valuations.

The clout of the conglomerates

This stocktaking exercise also provides information on the implementation of the Joint Forum Principles for the Supervision of Financial Conglomerates and, in particular, Principle 6 relating to supervisory cooperation, coordination and information-sharing.

Report on supervisory colleges for financial conglomerates released by the Joint Forum

financial conglomerates from exploiting their opportunities to use that

Financial conglomerates and information barriers

With the appointment of the Tan's eldest son as CEO, the conglomerate's patriarch will remain as Chairman of the Board.

Alliance GIobal Group appoints Kevin L. Tan as new CEO

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