Conglomeration

Conglomeration. It can be good in some ways..or bad. Before we learned the concept of conglomeration in class, I was thinking "This is probably the most selfish thing someone could possibly do." But, after listening to the lecture, conglomeration actually is helpful in some ways. Think about it, why not eliminate some competition, and just buy all the companies? More money can be made, and less problems to deal with competitiors. This is also a risky move to make. What happens if your business fails and invested all your money in buying all these companies? This is also a hassle for employees. Many people lose or have to compete for their jobs becuase there are less openings. There is also less diversity for consumers. All the designs look the same? Sorry! Can't get these anywhere else. Conglomeration can also be a dangerous thing. Businesses can be in trouble because this certain company doesn't want to produce your stuff. Where else can you go? Oh right, there's nowhere to go because all the other companies have been bought. There are shortcuts around this though, so the process isn't completely torn apart. Anyway, conglomeration has its pros and cons, but most of the time can be used for the better.