Conglomerate definition is made up of parts from various sources or of various kinds. Dictionary of business fourth edition specialist dictionaries. A corporation consisting of several companies in different businesses. A conglomerate is a corporation that is made up of a number of different, seemingly unrelated businesses. Conglomerate definition advantages of conglomerates.
A conglomerate, therefore, is simply gravel bound together by a cement. The process by which a conglomerate is created, as when a parent company begins to acquire subsidiaries. This forms a group of companies that usually involves a single parent company and different subsidiaries. Tech conglomerate is likely to partner with other large multinational companies around the world. With over 300 terms, our dictionary is designed to help you better understand the terms that you will come across daily while running your business. Owning a retail store and a manufacturer that sells to it may work well. Economic thinking about questions of business organization has been concerned with markets for products, has assumed that business behavior in each market is. Links to this dictionary or to single translations are. Conglomerate acquisitions range from shortterm joint ventures to complete mergers. Such a merger may violate antitrust acts inasmuch as it may have an. A corporation operating in several different and unrelated enterprises, such as the movie industry, baking, and oil refining. Englishgerman online dictionary developed to help you share your knowledge with others. This discount cannot be combined with any other discount or.
A conglomerate acquisition is a merger of firms that are involved in economically unrelated business activities. Conglomeration definition of conglomeration by merriam. Business english dictionary deutsch english fh munster. Conglomerate definition, anything composed of heterogeneous materials or elements. See conglomerate in the oxford advanced american dictionary see conglomerate in the oxford learners. It is also the combination of two or more corporations. Before launching an expansion, decide how becoming a conglomerate will work for your corporation. In a conglomerate, one company owns a controlling stake in a number of. In simple terms, conglomerate is a combination of two or more corporations in a single corporate structure. The management dictionary covers over 7000 business concepts from 6 categories. Definition of conglomerate written for english language learners from the merriamwebster learners dictionary with audio pronunciations, usage examples, and countnoncount noun labels. The vast majority of business carried out in the united states is conducted by companies that have been incorporated.
Definition of conglomerate noun in oxford advanced learners dictionary. Last % change is the nominal change in the price of the index from the previous trading days close expressed as a percentage as of. Edwards university of virginia the concept of conglomerate bigness is a useful tool for probing into problems customarily neglected. Oecd glossary of statistical terms conglomerate definition. The functional conglomerate mergers have been more common in western europe uniting companies that use related production processes, whereas in the united states the prevalent form has been investment conglomerate mergers uniting companies without a production relationship. The exchange of goods over great distances goes back a very long time.
This article compares the relative merits of five business dictionaries. Improve your vocabulary with english vocabulary in use from cambridge. It will help to demystify terms such as bear hugs, whitegrey knights, cashcows and churning strongly recommendedtes this wideranging and authoritative dictionary contains 7,000 entries covering all areas of business and management, including marketing, organizational behaviour, business strategy, law, and taxation. Conglomerate firms, internal capital markets, and the. Conglomeration definition is the act of conglomerating. Region labels the codes ame and bre show whether a word or sense of a word is used only in american or. Conglomerate diversification monash business school. Conglomerates are often used to manage several different companies as a means of diversification across industries. Definition of conglomerate from the cambridge academic content dictionary. While some people feel that a corporation enhances the image of a small business, one disadvantage is the potential double taxation. A conglomerate is a large business firm consisting of several different companies. Download our english dictionary apps available for both ios and android. For example, trust is exemplified as it will only be used on a cambridge. Diversification can be understood as the corporate strategy that a company implements to increase the market share and sales volume by introducing new products in new markets or industry, which is distinct from its core business.
Learn the words you need to communicate with confidence. Such a structure allows for diversification of business risks, but the lack of focus can make managing the diverse businesses more difficult. The firms can belong to different industries or different geographic areas. Conglomerate pronunciation in english cambridge dictionary. The corporation must pay taxes on its net income, and. Conglomerate definition and meaning collins dictionary. Conglomerate definition in the cambridge english dictionary. A conglomerate is a corporation whose multiple business units operate in different, often unrelated, areas. Pt indo tirta suaka, a pig farm owned by indonesias biggest conglomerate, is taking methane released from manure and turning it into power. Conglomerate definition of conglomerate by merriamwebster. Simply put, diversification refers to the expansion of business by entering into a completely new. Add the power of cambridge dictionary to your website using our free search box widgets.
Browse the definition and meaning of more terms similar to diversification. Contains translations by tu chemnitz and mr honeys business dictionary germanenglish. Conglomerate meaning in the cambridge english dictionary. The paper can help explain the crosssectional valuation of both conglomerate and singlesegment firms. Conglomerate firms may emerge through mergers and acquisitions andor investments across a diverse range of industries for a variety of reasons such as minimization of risk, increased access to financial and management resources, and more efficient allocation of. The conglomerate definition is a type of complex company which operates under several industries.
Conglomerates article about conglomerates by the free. Conglomerate article about conglomerate by the free. Ownership or control by one firm of two or more completely unrelated businesses, such as an auto dealership and a restaurant. Diversification definition marketing dictionary mba. Proper usage and audio pronunciation plus ipa phonetic transcription of the word conglomerate. A conglomerate merger is one that brings together two firms with totally different product lines, economic relationships, and functions. Every one of a conglomerates subsidiary businesses runs independently of the other business divisions, but the subsidiaries management. According to ansoff matrix, diversification usually requires a company to acquire new skills, new techniques and new facilities. The conglomerate has a number of distinguishing features that, taken together, characterize this type of monopoly. A conglomerate is a large business firm consisting of several different companiesthe worlds secondlargest media conglomerate. Advantages and disadvantages of conglomerates bizfluent. Sometimes conglomeration can refer to a time period when many conglomerates. A conglomerate is generally formed when one company expands by acquiring other firms, which it brings together under a single management umbrella.
The management of such a corporation may wish to diversify its field of operations for a number of reasons. A conglomerate is a firm or business enterprise having different economic activities in different unrelated industries. However, in a conglomerate, diversification of the business in the companies is normal practice, and usually these companies depict a multiindustry corporate structure. The acquisition of a soft drink firm by a shoe firm is an example of a.
This type of company formation is distinctly different from other types and has many advantages. Dictionary of business and management oxford reference. Business preliminary paper with the meaning of having confidence in someone. One obvious difference is that ownership and control are separated, and the primary objective of those. Basic business dictionaries compared rucore rutgers university. A conglomerate merger is a merger between firms that are involved in totally unrelated business activities. Create your citations, reference lists and bibliographies automatically using the apa, mla, chicago, or harvard referencing styles. Conglomerate, in business, a corporation formed by the acquisition by one firm of several others, each of which is engaged in an activity that generally differs from that of the original. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Large corporation run as a single business, but made up of several firms acquired through mergers or takeovers supplying diverse goods andor services. Global business refers to international trade whereas a global business is a company doing business across the world. From longman business dictionary conglomerate merger con. Although not the focus of this paper, the conglomerate discount disappears on average. Corporation definition entrepreneur small business.
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