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“For Apple, all of its products are plugged into this one platform,” says Kim Wang, an assistant professor of strategy and international business at Suffolk University’s Sawyer Business School. However, while some are suggesting the same fate is in store for them, others argue that tech giants have two advantages – Apple especially.įirst, while the company may now operate in sectors as diverse as smartphones and streaming video, the ecosystem is what glues everything together. Smartphones, laptops, wearables, advertising and self-driving vehicles are now in the works or on the market from both Google-parent Alphabet and Apple. But just as those giants of traditional industry are being dismembered, today’s tech giants have arisen as latter-day conglomerates-what some even call “neo-conglomerates.” They boast valuations bigger than any other companies in history, and have diversified their businesses through acquisitions and new starts just like conglomerates of old The dismantling of General Electric, Toshiba, Johnson & Johnson, Siemens, DowDuPont, United Technologies and other sprawling business empires in recent years has been heralded as the end of the conglomerate and the demise of the idea that brilliant management teams can succeed operating in very different industries. Second, the financial clout to create very large businesses means they benefit from economies of scale when it comes to both the purchase of raw materials and the operation of production processes.īut the WSJ says it appears that industrial conglomerates have had their day, leading to questions about whether tech giants will similarly implode in time. First, good management is good management, so if they can be successful in one sector, they can be successful in others. Traditional conglomerates – large companies whose business activities span a range of business types – were based on two ideas. The breaking up of a bunch of old-school industrial conglomerates is leading some to question the very long-term prospects of the “new conglomerates” – tech giants like Apple, Amazon, Facebook, and Google.īut a piece in the WSJ argues that they have two advantages over companies like General Electric, which could see them last even longer …