Industrial conglomerates

Industrial conglomerates are large companies that own and manage multiple, diverse businesses across different industries. Instead of focusing on one area, they operate in various sectors like manufacturing, technology, finance, or resources, often through numerous subsidiaries. This diversity helps spread risk and create stability, as setbacks in one industry may be offset by success in another. Conglomerates benefit from shared resources, expertise, and capital, enabling them to adapt to changing markets. Examples include companies like General Electric and Tata Group, which have a broad range of operations under one corporate umbrella.