A consortium or conglomerate is a grouping of two or more corporations that are fully engaged in various businesses belonging to a corporate group. It usually involves a parent company and several subsidiaries.
A consortium is a large corporation that has a majority interest in several smaller companies. Consortia are distinguished from corporations by the fact that they have structures that are much more complex than other types of corporations.
Companies in a conglomerate or consortium are often unrelated and very different from each other in terms of the products or services they offer. Subsidiaries are independent of each other, although each must report to the senior management of the parent company.
Consortia are advocated for their synergies and for the benefits of diversity as a hedge against failure in a sector, although this argument is often oversold by management, as shareholders can diversify and therefore cover the risk themselves.
The main objective of having control interests in different companies is to diversify risks to lessen the impact of major financial setbacks. Successful consortia generally focus on geographic, market and product diversity. Becoming too diversified can mean problems for a parent company. Managing multiple businesses that share little in common is a huge task.
Parent company executives must gain knowledge about the various types of businesses that subsidiaries are involved in, in order to manage them effectively. Currently, several universities and institutions have designed training programs in this area. The courses can complement various topics within Consortium Management.
Consortium Management Courses are among the main drivers of success for organizations, no matter how diverse they may seem and, in fact, can make a difference to a conglomerate’s survival. These courses build capacity to address critical parts within consortia and develop skills to leverage the diversity of businesses in other ways without forcing scale, where scale would simply add cost and complexity.
What are the Consortium Management Courses ?
Consortia Management Courses are programs of study that are intended to develop knowledge and skills in a field such as Accounting, Management Accounting, Administration, Taxation, Human Resources, Entrepreneurship, etc.
These courses count towards a professional qualification and can be completed through blended learning. They also cover specific skills and knowledge areas in finance, business law and basic computer skills. On completion of these courses you will have the knowledge to manage diverse consortia and businesses in ways that create meaningful and relevant scale.
Today, this almost always means taking advantage of the most distinctive and significant skills that companies have, about the things they do particularly well.
Program, Subjects and Content of Consortia Management Courses
These are some of the topics that may be included in the programmatic content of the Consortium Management Courses:
- Management of work teams
- Accounting for trial balance
- Business and Office Administration
- Business and Accounting Control Act
- Business law and administrative practice
- Business Literacy
- Business Management
- Computerized accounting
- Corporate Strategy
- Economy
- Entrepreneurship
- Financial Administration and Control
- Financial Reporting and Regulatory Frameworks
- Financial Statements
- Human Resources Management and Labor Relations
- Income tax returns
- Control Systems Accounting Management
- Marketing and Public Relations Management
- Office and Legal Practice
- Budget
- Trade tax
- Credit management and control
- Financial Performance
- External audit
- Spreadsheet Software
- Financial Statements
Countries and Cities Where You Could Study the Consortium Management Course for Free Getting a Scholarship
- South Africa
- Singapore
- Malaysia
- Switzerland
- United States
- Denmark
Institutes, Centers and Universities Where the Consortium Management Course is Possibly Taught for Free, through Scholarships
Corporate Short Courses
- SACOB – South African College of Business
- Cape Town, South Africa.
Corporate Training Courses
- Speech Academy Asia
- Singapore.
Corporate Training Courses
- British Council
- Singapore.
Corporate Management Courses
- Kolej MASA – Malaysian Academic and Skills Development
- Selangor, Puchong, Malaysia
Course on Strategic Alliances and Business Management and Innovation Programmes for Senior Executives
- IMD SWITZERLAND
- Lausanne, Switzerland.
Management Leadership Course
- IMD SWITZERLAND
- Lausanne, Switzerland.
Strategic Leadership and Management Course
- University of Illinois
- Illinois, United States.
Business Courses
- NYC Business
- New York, United States.
Course on Leadership in 21st Century Organizations
- Copenhagen Business School
- Frederiksberg, Copenhagen, Denmark.
Corporate Social Responsibility and Corporate Advantage Course
- Prof Robert Ebo Hinson
- Through Udemy
- Online.
Business Administration Expert
- With Certification from Instituto Tecnológico Superior Serra and Universidad Tecnológica Nacional.
- Learn 21
- Online.
Reference Prices for the Consortium Administration Course
The prices of the Consortium Administration Courses are diverse, since they will depend on the type of course, country, university or educational center that teaches the course, modality, materials provided during the course, among other factors. The prices for this type of course range from $395 to $7,200.
However, it should be noted that there are several educational centers, universities and institutions that offer these courses for free.
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