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

Tech

Scenario:

We are dealing with high maintenance and customer frustrations due to our multiple platforms' inconsistencies. A unified platform could mitigate these issues.

Response:

I understand, should I explore the technical feasibility of a merger between our platforms?

Academics

Scenario:

Our academic resources are being stretched thin. It might be beneficial to look at possible alliances with other institutions to expand our resources and capabilities.

Response:

I believe a merger with a similar academic institution could potentially strengthen our position and resources.