Only the user who asked this question will see who disagreed with this answer. Featured answer. Tokio As nouns the difference between conglomerate and consortium is that conglomerate is a clusterof heterogeneous things while consortium is an association or combination of businesses, financial institutions, or investors,for the purpose of engaging in ajoint venture.
See a translation. Highly-rated answerer. The one learning a language! Learn about premium features. Tired of searching? HiNative can help you find that answer you're looking for. Register for free. Solve your problems more easily with the app! Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads.
Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. A consortium is a group made up of two or more individuals, companies, or governments that work together to achieving a common objective. Entities that participate in a consortium pool resources but are otherwise only responsible for the obligations that are set out in the consortium's agreement.
Every entity that is under the consortium, therefore, remains independent with regard to their normal business operations and has no say over another member's operations that are not related to the consortium. Consortiums are often found in the non-profit sector, for example, among educational institutions.
Educational consortiums often pool resources such as libraries, research activities, and professors and share them throughout the members of the group to benefit their students. Several groups of North American colleges and universities operate as consortiums. Students attending any of those institutions can attend classes at any other partnered school for credit at no extra cost.
Corporate, for-profit consortiums also exist, but they are less prevalent. European aerospace manufacturers collaborate within the consortium to produce and sell commercial aircraft. This arrangement resulted in some conflicts of interest and inefficiencies as well as the eventual shift to Airbus SAS in , which saw a consolidation of the original consortium members and a reduction in overheads.
Governments and private enterprises often collaborate to formulate standards for manufacturing, food production, product compatibility, consumer safety, and more. In such collaborations, a government leverages its buying power as a consumer to create standards.
Countries that develop standards have a competitive advantage over those that do not, and countries and industries that agree to a worldwide standard are often leaders in international trade. The creation of standards can lead to potential abuse and antitrust concerns, however. Governments and private enterprises often collaborate to formulate standards for industries; in doing so, the government leverages its buying power as a consumer to create standards.
While consortiums tend to share resources, they act independently when it comes to day-to-day operations. In a joint venture JV , two or more parties generally share ownership in a venture, along with risks, profits, losses, and governance. Five College Consortium. Federal Trade Commission and Department of Justice.
Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification.
I Accept Show Purposes. Your Money.
0コメント