Is Google Or Amazon The New 21st Century Conglomerate?
by Intelligent Speculator
A few decades ago, conglomerates gained traction but in the end it proved to be a failed business model. According to Wikipedia, a conglomerate is “a combination of two more corporations engaged in entirely different businesses that fail under one corporate group.” That model failed because it had been proved that no entity trying to compete in all these different businesses could be consistently better than a company that was 100% focused. read more »
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