noun

der Konzern, -e

corporation

Eine große Unternehmensgruppe, die aus mehreren rechtlich selbstständigen Firmen besteht, aber von einer gemeinsamen Leitung geführt wird.

The German word "Konzern" is a noun meaning "corporation" or "group of companies". It refers to a large company made up of several legally independent firms that are managed as a single economic entity.

  • The word itself isn't composed of simpler German words but is borrowed from the Latin concertare (to strategize together).

Similar words:

  • Unternehmen (company, enterprise)
  • Firma (firm)
  • Gesellschaft (company, society)
  • Kompagnie (company)

Differences:

  • Konzern emphasizes a collection of companies functioning as one, often on a large scale.
  • Unternehmen, Firma, and Gesellschaft often refer to a single company or business.
  • Kompagnie is less commonly used in business, sometimes military or old-fashioned context.

So, Konzern specifically highlights the corporate group structure rather than just any business entity.

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Examples

Unser Unternehmen gehört zu einem multinationalen Konzern.noun

Our company belongs to a multinational corporation.

Der Konzern hat viele Tochtergesellschaften.noun

The corporation has many subsidiaries.

Der Konzern stellt neue Mitarbeiter ein.noun

The corporation hires new employees.

Mehrere Konzerne investierten im letzten Jahr in erneuerbare Energien.noun

Several corporations invested in renewable energies last year.

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