The group may be owned by a holding company which may have no actual operations. Accessed May 6, Trade union Consumer organization. It has more than 3, employees.
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Leff  defines business group as a group of companies that does business in different markets under common administrative or financial control whose members are linked by relations of interpersonal trust on the basis of similar personal ethnic or commercial background. One method of defining a group is as a cluster of legally distinct firms with a managerial relationship. A concern is another. Encarnation  refers to Indian business houses, emphasizing multiple forms of ties among group members.
Powell and Smith-Doerr  state that a business group is a network of firms that regularly collaborate over a long time period. Granovetter  argues that business groups refers to an intermediate level of binding, excluding on the one hand a set of firms bound merely by short-term alliances and on the other a set of firms legally consolidated into a single unit. In the United Arab Emirates , a business group can also be known as a trade association.
From Wikipedia, the free encyclopedia. For the sociological concept, see Corporate group sociology. Separate legal personality and Piercing the corporate veil. This section is empty. You can help by adding to it. Maclean, October 14, Accessed May 6, Abstract accessed May 6, Employers' organization Chamber of commerce Inter-professional association Trade association List of food industry trade associations List of industry trade groups in the United States Cooperative federation.
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