synergy refers to the concept that the combined effect of a group or partnership is greater than the sum of their individual efforts. Specifically, when two or more entities, such as companies or business units, merge or collaborate, they achieve better efficiency, productivity, or profitability than they would independently.
This concept is often discussed when examining mergers and acquisitions, where the goal is to harness complementary strengths, share resources, or reduce costs, resulting in an outcome that benefits all parties involved and leads to enhanced value creation.
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