The rise and fall of the conglomerate

Conglomerates (broadly defined as companies with significant unrelated activities) experienced turbulent times over the last quarter of the 20th century in the US and the UK. In the US, conglomerate strategies were adopted by an increasing number of companies in the post-war period through to the 1980s. By 1970, 20% of the Fortune 500 were conglomerates, a percentage that remained broadly constant through to the late 1980s when both academic and business writers increasingly began to criticise the rationale behind conglomeration, and many companies began to seek greater focus.