What are some of the reasons that prompted conglomerates like GE, Toshiba, Johnson & Johnson, etc. to breakup?
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Recently, GE announced its plan to split into healthcare, energy, and aviation companies. Observers termed this a “defining chapter in US corporate history” (Financial Times, Nov 10, 2021; see attached) and “consigning the era of conglomerate to history.” (Financial Times, Nov 15, 2021; see attached). Answer either one of the following questions:
1)Based on your readings from corporate strategy (p 308-310), what are some of the reasons that prompted conglomerates like GE, Toshiba, Johnson & Johnson, etc. to breakup?
OR
2)Why do you think are technology companies like Amazon, Google, etc. “tended towards acquisition rather than sale” and are not affected by the trend of breaking up conglomerates?
