oecumenical Electric and Tyco International are two gains? that use polar business strategies that result in a difference of financial results. According to Encarta (2008), a conglomerate is described as a ?corporation consisting of several unrelated firms whose merger increases and diversifies company assets. such a merger reduces a companys dependence on a single product or service in the marketplace.? When a company is classified as macrocosm a conglomerate it usually means that they are very successful in running their business. full general Electric has pursued a ultraconservative growth strategy by focusing on being the number one or number two in each industry where it competes. Tyco has pursued very aggressive gross revenue and earnings growth strategy through rapid, multiple acquisitions.
public ElectricFounded in 1892 in Fairfield, Connecticut, General Electric Company (GE) is a well diversified industrial corporation. Today, GE is ?11 technology, operate and financial businesses with more than 300,000 employees in 160 countries around the foundation? (General Electric [GE], 2007, para. 2). According to www.finance.yahoo.com, ?General Electric Company (GE) operates as a technology, media, and financial services company worldwide? General Electric (GE) produces products such as jet engines, replacement part for military and commercial aircrafts, and generators.
?It also offers financial products and services for atmosphere and energy sectors, as well as engages in gathering, processing, transporting, and selling natural gas and gas liquids?(Yahoo Finance.2008). Since General Electric (GE) is so diversified it also deals with credit cards, mortgages, and loans, as well as manufacturing equipment for the medical field, such as X-ray imaging. Perhaps General Electric is best known for its home appliances that they manufacture as well.
Tyco InternationalTyco International Ltd. (TYC) was founded in 1960 in Pembroke, Bermuda. Tyco International Ltd. (TYC) conducts business in four segments. These segments consist of: electronics, fire and security, healthcare, and...
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