Version 1
: Received: 10 May 2023 / Approved: 11 May 2023 / Online: 11 May 2023 (08:17:06 CEST)
How to cite:
Kok, S.L.; Siripipatthanakul, S. Conglomerate Business Model:The Case of IJM Corporation Berhad. Preprints2023, 2023050818. https://doi.org/10.20944/preprints202305.0818.v1
Kok, S.L.; Siripipatthanakul, S. Conglomerate Business Model:The Case of IJM Corporation Berhad. Preprints 2023, 2023050818. https://doi.org/10.20944/preprints202305.0818.v1
Kok, S.L.; Siripipatthanakul, S. Conglomerate Business Model:The Case of IJM Corporation Berhad. Preprints2023, 2023050818. https://doi.org/10.20944/preprints202305.0818.v1
APA Style
Kok, S.L., & Siripipatthanakul, S. (2023). Conglomerate Business Model:The Case of IJM Corporation Berhad. Preprints. https://doi.org/10.20944/preprints202305.0818.v1
Chicago/Turabian Style
Kok, S.L. and Supaprawat Siripipatthanakul. 2023 "Conglomerate Business Model:The Case of IJM Corporation Berhad" Preprints. https://doi.org/10.20944/preprints202305.0818.v1
Abstract
Since the early 21st century, the globalization trend and technological innovations have changed the ways and speed of market growth. Rapid market expansion and the pressure for firms to achieve sustainable business growth via mergers and acquisitions have become the norms for acquiring the necessary competencies, expanding market shares and business integrations. This study explains the factors that correlate to the IJM's financial performance based on the market dynamics in recent years. This case study is a qualitative approach employing systematic review and content analysis. As a result, firms begin to diversify or venture into the business segments that might be related to or complement their core businesses, intentionally or unintentionally, which eventually evolved into the conglomerate form. This case study provides a financial performance analysis of IJM Corporation Berhad's success and challenges from its conglomerate business model. The fact that a well-diversified firm will have better risk management in the event of an economic downturn is also a primary driver for firms to embark on a corporate diversification strategy. This case study reveals IJM's conglomerate model has been successful during its rapid business growth; however, it has shown signs of diminishing in recent years.
Keywords
Management; Financial Performance; Corporate Diversification; Capital Structure; Conglomerate; Business Model
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
