Company
ITT Corporation
TL;DR
1960s-70s conglomerate that forced synergies between unrelated businesses, requiring subsidiaries to adopt corporate systems and transfer resources.
1960s-70s conglomerate that forced synergies between unrelated businesses, requiring subsidiaries to adopt corporate systems and transfer resources. Experienced lower performance because forced integration prevented local adaptation - contrasting with Berkshire's isolation model.
Cautionary Notes on ITT Corporation
- Forced synergies prevented local adaptation
- Lower performance than decentralized conglomerates