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They are pooling their resources: Tata Consultancy Services, Tata Chemicals and Titan Industries co-operated to produce the world's cheapest water purifier.Masters and pupilsIn the long run most of these emerging conglomerates are likely to follow the same path as Western companies: focusing on their core activities and buying ever more services from the market.
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The government exercised strong controls on industrial development, giving most support to the large-scale projects of the emerging giant corporate conglomerates called chaebŏl.
Like-minded conglomerates are emerging in America too, such as the proposed merger between Citicorp and Travelers, which owns Salomon Smith Barney.In the past, Goldman has dismissed the supposed synergies on which these groups have been built.
And not only nationally: many emerging-market conglomerates, especially in South-East Asia, remain in the grip of ageing founders, and would do well to follow Tata in looking outside for their successors.
And not just nationally: many emerging-market conglomerates, especially in South-East Asia, remain in the grip of ageing founders, and would do well to follow Tata in looking outside for their successors.
Tarun Khanna of Harvard Business School has argued that emerging-world conglomerates are transient phenomena: they have thrived because businesses need to compensate for the underdeveloped nature of the local market (or fill in "institutional voids", as he puts it).
Emerging-world conglomerates such as the Tata group have also succeeded in the rich world.J. Ramachandran of the Indian Institute of Management Bangalore says all this shows that conglomerates are not just a symptom of a difficult business climate; they have advantages that more streamlined firms lack.
The emerging tumor population is described as conglomerates of self-metastatic clones - each clones driven by stem cells and proliferation confined mostly to the outer rim.
ThyssenKrupp, the German conglomerate, emerged as a possible buyer for Port Talbot over the weekend.
The French media and telecommunications conglomerate emerged Friday as the top bidder for a 35percentt stake in Tunisie Telecom, Tunisia's state-owned telephone company.
What can Russians expect to emerge from this conglomerate kafuffle?
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