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 ?
The main benefit is we're networking, and we talk about things happening in the industry and talk about changes and opportunities," adds Richard Disbrow, Michigan Life Science Purchasing Consortium chairman and the purchasing manager at Van Andel Institute, a cancer research organization.
On a similar scale, the consortium is working on a college readiness program for all students in grades pre-K-12.
The policy of this consortium is open ended, that is, any institution can join the consortium.
With the launch of the Globus Consortium, we are excited to have additional support in driving the implementation and standards that have been created within the GGF.
American technology is much in demand, Frankel said, and the consortium offers a one-stop shopping place for government officials and private interests in Eastern Europe.
The HyperTransport Technology Consortium is a membership-based, non-profit organization that manages, promotes and licenses HyperTransport Technology.
However, its function has evolved to provide electronic resources, and it could be argued that its larger purpose now is to leverage the weight of its consortium for the purpose of providing as many electronic resources as possible at the lowest negotiable price.
Results of these discussions will be incorporated into a detailed report, which will validate and direct the charter of the SOA Consortium.
This latest consortium initiative in the enterprise cheminformatics area will be an extension of the successful Accelrys consortium model, which in previous consortia has delivered important scientific advancements in areas such as catalysis, combinatorial chemistry, and nanotechnology.
Air Force to the Centers for Disease Control and Prevention - have taken advantage of the consortium to purchase technology products and services.

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