THE POWER OF CONGLOMERATES: DIVERSE BUSINESS EMPIRES

Conglomerates are companies that own multiple businesses in different industries.

One advantage of conglomerates is that they can diversify their portfolio and reduce risk.

Another advantage is that they can share resources and expertise across their businesses.

However, conglomerates can also be difficult to manage and may suffer from a lack of focus.

Some conglomerates have been successful, such as Berkshire Hathaway and Samsung.

Others have struggled, such as General Electric and Siemens.

Overall, the success of a conglomerate depends on its ability to effectively manage its diverse businesses.