Business groups are collections of companies that operate under a common ownership or control. These companies may be involved in different industries but often share resources, management, or strategic goals. Business groups can enhance competitiveness by pooling resources and leveraging synergies among their members. In many countries, especially in Asia, business groups play a significant role in the economy. They can provide stability and support to their member companies, helping them navigate challenges and seize opportunities. Examples of well-known business groups include Samsung in South Korea and Tata Group in India.