merger

Vocabulary Word

Definition

A 'merger' is like a marriage for companies. When two or more companies decide to join and become one single company, it's called a merger. They share resources, people, and goals.

Examples in Different Contexts

In the social sector, a 'merger' between organizations can maximize impact by pooling resources and expertise. A director of a nonprofit might state, 'Merging with a like-minded organization enables us to amplify our impact and extend our reach to underserved communities more effectively.'

Practice Scenarios

Business

Scenario:

We are considering expanding our business operations and one of the strategies we should examine is consolidating with another organization.

Response:

I've researched potential companies for a merger that align with our business model and goals.

Marketing

Scenario:

Our marketing reach could be deeper and more varied with a new combination of talent and clients. Let's explore the possibilities of integrating with another agency.

Response:

Let's start reviewing potential agencies for a merger to ensure we remain competitive in our market.