When a lesser number of costs and risks are desirable, or when it is not possible to obtain complete or majority control, the parent company might introduce an affiliate, associate or associate company in which it would own a minority stake.
Shermanâs March to the Sea was a campaign during the American Civil War. It was a march from Atlanta, GA to Savannah, GA. The campaign was a month long that took place from November 1864 to December 1864. It is called Shermanâs March to the Sea because the officer in command was Major General William Tecumseh Sherman. The campaign is most famous for the destruction that was left in the wake of Shermanâs army.
But the way to the sea was not open; Sherman still had to contend with the Confederate army of Lt. Gen. John Bell Hood. So Sherman proposed to split his Union force, taking 62,000 of his best troops on a destructive march, while Maj. Gen. George H. Thomas used the remainder to contain Hood.