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 ?
It might take more time to come to a consensus on certain points of an agreement, but the Ohio consortia members develop a Request for Proposal, send it to vendors, send out proposals, and then evaluate them.
To help avoid the pitfalls of consortia life, members use the gift of gab.
Even for decades-old consortia families, there are always lessons to be learned.
Looking at its effective functioning, more institutions are likely to join consortia of this type.
Regular increases in subscription rates, the decreasing value of Indian currency, increased demand for information, and dwindling library budgets for procurement of journals have caused CSIR laboratories to look for alternatives, such as procurement of electronic journals, extensive use of information technology, and sharing of resources by forming library consortia.
The similarities and differences of these five consortia will then be discussed and emerging patterns in statewide academic library consortia will be delineated.
Even those consortia that started out with the initial objective of sharing physical resources, such as OhioLINK, are finding that the collective licensing of electronic resources is becoming increasingly important.
Curci, Partner, Technology & Intellectual Property Practice Group, Preston Gates & Ellis, LLP and Colm Dobbyn, Chief Intellectual Property Counsel, Mastercard, explain how to evaluate consortia intellectual property rights (IPR) policies and understand their implications for members' IP portfolios.
will discuss strategic marketing methods to increase the awareness of standards consortia and build a global member base.
The consortia reports module is available now for users of the Ulrich's Serials Analysis System, a breakthrough information system for library professionals that brings together the library's serials holdings with the multiple layers of subject coverage and content from the Ulrich's Periodicals Directory database and Bowker's ulrichsweb.
For pricing information or other details regarding the new consortia reports module for users of the Ulrich's Serials Analysis System, please contact Boe Horton, vice president of worldwide sales for R.
journals are available in electronic form through IDEAL to library consortia around the world.