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conglomerate

noun

/kənˈɡlɒm(ə)rət/

IPA:

Dictionary definition of conglomerate

A large corporation or organization that is made up of multiple smaller companies or entities that operate in different industries or sectors.
"The investment company amalgamated into a vast conglomerate."

Detailed meaning of conglomerate

It refers to a situation where a corporation has diversified its holdings through the acquisition of smaller companies or subsidiaries. A conglomerate may be characterized by a diverse range of businesses and operations, which may include manufacturing, retail, finance, and technology. The term 'conglomerate' can also be used more broadly to describe any collection or combination of diverse entities or elements. For example, a geological conglomerate is a type of rock formation that is made up of different types of sediment and materials. The term 'conglomerate' is often associated with large and powerful corporations that wield significant influence over multiple industries or sectors. Overall, the term 'conglomerate' is used to describe a large and diverse collection or combination of entities or elements, often in the context of a large corporation or organization.

Example sentences containing conglomerate

1. The conglomerate recently acquired three smaller tech companies.
2. Geologists found an unusual specimen of conglomerate rock at the excavation site.
3. A massive conglomerate overseas expressed interest in our start-up.
4. The media conglomerate controls several major television networks.
5. Each pebble in this conglomerate tells a different ancient story.
6. Being bought out by the conglomerate changed the dynamics of our local business.

History and etymology of conglomerate

The noun 'conglomerate' has its etymological origins in Latin. It is derived from the Latin word 'conglomerare,' which means 'to gather together' or 'to heap together.' In the context of business and corporations, 'conglomerate' emerged in the mid-20th century to describe a large, diversified corporation or organization made up of multiple smaller companies or subsidiaries that operate in various industries or sectors. These conglomerates gather together diverse businesses under a single corporate umbrella, often with the aim of achieving economies of scale, reducing risk, and expanding their market presence. The term 'conglomerate' reflects the idea of entities being heaped together into one organization, creating a complex and multifaceted corporate structure.

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Further usage examples of conglomerate

1. The artist used a conglomerate of materials to create a stunning mixed-media piece.
2. Several conglomerate structures dot the city's skyline.
3. The financial strength of a conglomerate often shields its subsidiaries from economic downturns.
4. How did this conglomerate gain dominance in so many industries?
5. The origins of the conglomerate trace back to the early 20th century.
6. This isn't a single company; it's a conglomerate of various entities.
7. The conglomerate's yearly revenues exceed some small countries' GDPs.
8. Many are skeptical of the power and influence a single conglomerate can wield.
9. At the beach, we found an intriguing conglomerate stone with a mosaic of colorful pebbles.
10. Each brand within the conglomerate operates semi-autonomously.
11. The conglomerate's logo became synonymous with luxury and prestige.
12. A novel about the rise and fall of a powerful conglomerate hit the bestseller lists.
13. The conglomerate faced public backlash after its environmental practices were exposed.
14. Deciphering the conglomerate's complex structure is no easy task for financial analysts.