Concern
A concern is a group of companies operating under one common management. It is therefore several companies that form one economic unit. It often consists of a parent company and several subsidiaries. The concern model is used to structure companies. It allows managing different business activities under one umbrella system. This concept enables continuity and uniformity within business operations.
Strategic decision-making and own area of expertise
A concern ensures that important decisions are made together. At the same time, subsidiaries can also focus on their own field and market. Concerns operate worldwide in various sectors. Large international companies in particular often use this structure to maintain control and an overview of their extensive operations.
