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Conglomerate

Conglomerates often grow through acquisitions or diversification to manage risks and capitalize on market opportunities. However, their success depends on the parent company's ability to effectively oversee and integrate diverse business units.

In business economics, a conglomerate is a large corporation that consists of several smaller, often unrelated, businesses operating in diverse industries or sectors. Conglomerates are typically formed through mergers, acquisitions, or internal expansion into new markets. They are characterized by a wide range of products or services, diverse revenue streams, and operations that span multiple industries.

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