Here are some of the companies that are not dedicated to a single sector because they are a conglomerate. It is not a term that is used on a day-to-day basis, so just in case the concept is not very clear, we are going to summarize it. A conglomerate means that within these companies there are many others that do not have a common goal, or a common public, or a common industry, they simply function within a company, but are independent brands.

This usually occurs due to a long course of time in which one or several companies have been buying others that have no obligation to be related to their economic activity. There has been the case in which a telecommunications company has bought a hotel chain. Do they have something to do? No, but it is not something that matters if what the company seeks is to continue generating income and grow as an entity.

The advantages of these conglomerates are several (as well as their disadvantages) and among those good characteristics is sharing profits and balancing the balance from one company to another, that is, if one has few sales for a time due to a specific situation, another company with better results can prevent the company from going under. It should also be borne in mind that, by not selling the same type of products, you can encourage the movement of customers from one company to another and thus get the most out of the same market.

The greatest difficulty that we find in a conglomerate is the problem of having such a large management, with so many companies and so many people in your charge. It is a task that very few people are willing to take on due to the pressure that comes with it. It must also be taken into account that the bad image of one of them can affect the entire conglomerate and that would mean huge losses of money, clientele and prestige.

Here you can find a list of listed conglomerates and all their detailed financial information on each of them.

Textron

86,94 $

TXT

+1,35 $

+1,57 %

Detailed information of Textron (TXT), stock of NYSE. All the technical analysis, execution, and the historical data of the last months, years and days. View Stock

SunCoke Energy

10,27 $

SXC

-0,05 $

-0,44 %

Detailed information of SunCoke Energy (SXC), stock of NYSE. All the technical analysis, execution, and the historical data of the last months, years and days. View Stock