General Electric, Siemens, United Technologies, Hutchison Whampoa, Honeywell International and ABB rank among the biggest and most powerful conglomerates in the world. A conglomerate is a large corporation that owns companies in different industry sectors.Continue Reading
The main corporation is the parent company, and the various enterprises underneath are known as subsidiary companies. Conglomerates gained popularity in the 1960s when companies began diversifying their business models through leveraged buyouts, mergers and acquisitions. The focus of successful conglomerates is on market, geographic and product diversification.
A benefit of the conglomerate model is the diversification of risks across different companies to reduce the impact of major financial setbacks. If a single subsidiary experiences economic problems, it does not trouble the entire corporation.Learn more about Industries
You can contact General Electric in Canada by email, phone, or mail. Additionally, you can reach out to GE Canada via social media or by filling out the online inquiry form at the Canadian version of GE.com.Full Answer >
Companies that manufacture steam turbines of various sizes include General Electric, Turbocam International, Arani and Elliot Group. Among the industries these companies serve are aerospace, power generation facilities and marine clients. Each company has a website that displays its different steam turbine products and sizes.Full Answer >
American energy companies include Exxon Mobil and General Electric, which are the country's largest and secondary largest publicly traded energy companies respectively based on market capitalization. Exxon's business is primarily oil-related, while General Electric operates in sectors ranging from appliances and lighting to aviation, water and power.Full Answer >
Examples of sole traders include butchers, small retailers, photographers, beauticians, hairdressers, plumbers, grocers and builders. A sole trader business is a type of business that is owned and operated by one person, though he may have employees.Full Answer >