A corporate group is a collection of related companies that operate under a common parent company. This structure allows the parent company to manage and control its subsidiaries, which can be involved in different industries or markets. The subsidiaries maintain their own legal identities but benefit from shared resources and strategic direction from the parent. Corporate groups can enhance efficiency and reduce risks by diversifying their operations. They often leverage economies of scale, allowing them to lower costs and improve competitiveness. Additionally, they can facilitate easier access to capital and resources, making it easier for the group to grow and adapt to market changes.