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 ?
ITW is a conglomeration of approximately 700 companies, and its declared strategy for 'above-average' growth centres on 'sucking up good companies and making them excellent ones'.
Sexton's persistent courting of strange adjacencies was also on show in The Michael Stickrod Experience, 2005, a bewildering conglomeration whose materials ran to steel, glass, wood, aluminum, foam, leather, tequila, car doors, and paint, not to mention a "custom Michael Stickrod Experience T-shirt," a Discman playing Hall and Oates's "Private Eyes," and a masseuse.
ON Netz GmbH operates the largest conglomeration of wind turbines in Europe, and Eltra is the grid-operator for Denmark, which has the greatest amount of installed wind power per person in Europe.
Their CESAR (Cockpit Electro-mechanical System Architecture) modular cockpit design treats the instrument panel as a system, not a conglomeration of parts.
This conglomeration of myth and Confucian wisdom within the Asian tradition has timeless implications.
grocery manager at the French Broad Food Coop in Asheville, North Carolina, believes that "the co-operative business model allows us to cater to a communal, community-oriented aspect, despite being in a day and age of total conglomeration.
After the banking deregulation in 1988, the sector grew fast facilitating conglomeration of business units utilizing public funds through banks.
What can also be seen is the obscuring effect of the conglomeration of buildings that surround the Central Library, adding nothing to the beauty of the city.
The conglomeration of pottery from many parts of the Roman empire presented in this book will provide a rich reference source for archaeologists working all around the Mediterranean.
The reality of Russia is that it is actually a conglomeration of different peoples--some of them very different from what Westerners think of as "Russian.
So the Department's task is to transform--without interrupting current business operations--an extraordinarily complex conglomeration of business systems and processes used to run our military and civilian operations day-to-day around the world.
I HAVE often thought how interesting it would be if Cardiff Castle's conglomeration of buildings facing west (towards Canton) were facing Duke Street and Castle Street.