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.

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 ?
Ulst, who works at the European Investment Bank, surveys banking and insurance undertakings in both the original European Union and the new member states in order to examine the degree of financial conglomeration across those institutions.
Geologists believe that soon after Earth took shape some 4.6 billion years ago, it consisted of a conglomeration of minerals jumbled together.
And if you step right back into the middle of Stockholder's world, you get a chance to reframe the whole mess again, to see it anew through a small grill of steel shapes, rectangular, flat, and interlocking, themselves suspended in space by steel cables in the midst of Stockholder's conglomeration of objects.
When the earth formed 4.7 billion yearsago, it was an unsorted conglomeration of cosmic material.
It has the conglomeration of world three mightiest mountain ranges (Karakorum, Hindukash, Himalayas).
The Lotte Group Korea is a conglomeration of six companies of Engineering & Construction, Chemicals, Confectionery and Plastic Products is one of the top ten Asian Company invested $ 500 Million and constructed a plant over 100 Acres Karachi to produce raw material for synthetic fiber, Nylon, Polyester yarn and plastics etc which meet the requirement of country .
This technique of addition/subtraction, creating/destroying no longer results in chaos, but in a conglomeration of interlocking figures.
1, this conglomeration of fancy hardware and unique computer software struck paydirt.
Medusa's Head constipates our gaze: suspended inches off the floor, this meteoric conglomeration of cement, rock, and toy trains entreats us to probe its debased sculptural materiality.
LAHORE -- The Milli Yakjehti Council, a conglomeration of about a dozen religious organisations, has decided to launch a movement for making Pakistan Madinh-like state in line with the election promise of the PTI.
DIR LOWER: Dir Qaumi Pasoon, a conglomeration of the civil society members, elders, lawyers, social workers and representatives of various political parties has been formed to protect rights of the people of the district which they claimed to have been ignored in the budget 2019-20.
DIR LOWER -- Dir Qaumi Pasoon, a conglomeration of the civil society members, elders, lawyers, social workers and representatives of various political parties has been formed to protect rights of the people of the district which they claimed to have been ignored in the budget 2019-20.