A large business enterprise consisting of a parent company and several subsidiaries that are legally independent but economically dependent on one another.
example
Volkswagen ist einer der größten Automobilkonzerne der Welt.
Volkswagen is one of the largest automotive groups in the world.
Usage tips
False friend
'Der Konzern' (corporate group) is not the same as the English word 'concern', which can mean a worry or any kind of company. A 'Konzern' is always a very large company consisting of a parent company and several subsidiaries.
EXAMPLE
Siemens ist ein deutscher Technologiekonzern.
Siemens is a German technology group.
Word structure
'Konzern' is often used as the second part of compound words to specify the industry. This creates clear terms like 'Automobilkonzern' (automotive group), 'Pharmakonzern' (pharmaceutical group), or 'Medienkonzern' (media group).
EXAMPLE
Er arbeitet für einen großen internationalen Pharmakonzern.
He works for a large international pharmaceutical group.
Typical collocations
Common adjectives that describe a 'Konzern' (corporate group) are 'groß' (large), 'international' (international), 'weltweit' (global), or 'mächtig' (powerful). Typical verbs are 'einen Konzern leiten/führen' (to run/lead a corporate group) or 'zu einem Konzern gehören' (to belong to a corporate group).
EXAMPLE
Diese kleine Firma gehört jetzt zu einem internationalen Konzern.
This small company now belongs to an international group.
Compare with
near_synonym · confusable
Konzern vs Unternehmen
company / undertaking
'das Unternehmen' and 'der Konzern' both belong to the field of business. An 'Unternehmen' can be small, medium-sized, or large. 'Konzern', on the other hand, means a large corporate group made up of several legally independent companies, for example with a parent company and subsidiaries. Learners may confuse the words because every 'Konzern' is an 'Unternehmen', but not every 'Unternehmen' is a 'Konzern'. For a normal company, it is better to say 'Unternehmen' or 'Firma'. 'Konzern' only fits when it is really about a large corporate group.
Konzern
Der Konzern besitzt mehrere Tochterfirmen in Europa und Asien.
The corporate group owns several subsidiaries in Europe and Asia.
Unternehmen
Das Unternehmen aus der Region stellt Möbel aus Holz her.
The company from the region makes wooden furniture.