What is another word for consortium?

1345 synonyms found


[ kənsˈɔːti͡əm], [ kənsˈɔːti‍əm], [ k_ə_n_s_ˈɔː_t_iə_m]

Synonyms for Consortium:

How to use "Consortium" in context?

What is a consortium? A consortium is an association of businesses, groups, or individuals who come together to achieve a common goal. This type of organization is often used in the business world to increase efficiency by sharing resources and pooled knowledge. In a consortium, each member is responsible for meeting their own goals, but together they are able to work towards a common goal. The benefits of having a consortium organization are obvious: pooled resources, shared knowledge, and increased efficiency. There are, however, some things to keep in mind when forming a consortium. First and foremost, it is important to choose the right type of consortium.

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Word of the Day

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