conglomerate structure

A conglomerate structure is a large corporation made up of several different companies that operate in various industries. These subsidiary companies are independently managed but are owned by a single parent company. This structure allows the conglomerate to diversify its business risks, as success or failure in one industry doesn't necessarily affect the others. Think of it as a holding company that controls multiple businesses, each with its own focus, such as manufacturing, services, or technology, helping the overall organization grow and stabilize across different market conditions.