synergy

Vocabulary Word

Definition

'Synergy' is when the combined effect of a group is greater than the sum of their individual efforts. It’s like how a team can create a better result than each person working separately.

Examples in Different Contexts

In mergers and acquisitions, 'synergy' can be a driving factor. A CEO might proclaim, 'By combining our companies, we expect significant operational synergies that will enhance profitability.'

Practice Scenarios

Business

Scenario:

Following the merger, identifying ways to heighten collaborative effectiveness will be essential to maximize benefits.

Response:

I agree. Increasing synergy in our workplace could lead to unparalleled innovation and growth.

Impact

Scenario:

Collaborations with like-minded organizations can help us drive positive change on a larger scale.

Response:

Indeed, our synergy with partner organizations can accelerate the impact of our work.