Two businesses can merge to form one company that is capable of producing more revenue than either could have been able to independently, or to create one company that is able to eliminate or streamline redundant processes, resulting in significant cost reduction. However, the term is not used synonymously by different researchers but has substantially different meanings depending on the research approach. Mergers and acquisitions (M&A) are made with the goal of improving the company's financial performance for the shareholders. At face value, the term synergy provides a unifying concept within a fractured field that encompasses complementary neural, computational, and behavioral approaches. In other words, two people working together can create greater results than would have been possible separately. Synergy creates an outcome that’s greater than the sum of its parts, as in 1+1 3 or more. Companies can also achieve synergy between different departments by setting up cross-disciplinary workgroups in which teams work cooperatively to increase productivity and innovation. Synergy is defined as the interaction or cooperation of two or more organizations, substances or other agents to produce a combined effect greater than the sum. Habit 6: Synergize is the major achievement of independent relationships: the ability to create synergy with another person.
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