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Conglomerates.
Member rating: No Rating | Words: | Submitted: Thu Jul 11 2002
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CONGLOMERATES! All businesses have an objective. For all it is first survival followed by making money. A conglomerate is a firm, which is comprised of a series of disconnected businesses. This provides the strength derived from diversification but has the potential weakness of a lack of focus. The modern approach to the management of a conglomerate is to delegate power very extensively to the different businesses within the group. This is to enable each business to act as its own core with its own strategy and focus. The modern approach to the management of a conglomerate is to delegate power very extensively to the different businesses within the group. This is to enable each business to act as its own core with its own strategy focus. The combination of two or more of firms that produce completely different products can be seen as a conglomerate merger. THE BENEFITS: * Shareholders - They will...
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