consolidation

Vocabulary Word

Definition

'Consolidation' means combining separate things into a single entity. It's like gathering different research papers to form a single comprehensive report.

Examples in Different Contexts

In technology sectors, 'consolidation' often occurs when tech companies merge to innovate and expand. A tech entrepreneur might propose, 'Consolidating with a software firm will enable us to integrate cutting-edge solutions and diversify our offerings.'

Practice Scenarios

Business

Scenario:

Holding multiple small companies requires significant overhead and administrative effort. We might want to rethink our strategy for managing these units.

Response:

I agree with you. Consolidation of our subsidiary companies might lead to better governance and improved profits.

Creative

Scenario:

Our branding feels a bit fragmented presently. Maybe we should consider how we can make tone and visual style more cohesive.

Response:

True, consolidation of our visual style elements would help us in achieving a consistent brand identity.