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Synergy is an interaction or cooperation giving rise to a whole that is greater than the simple sum of its parts (i.e., a non-linear addition of force, energy, or effect). [1] The term synergy comes from the Attic Greek word συνεργία synergia [2] from synergos, συνεργός, meaning "working together".
In workplace settings, collaborative decision-making is one of the most successful models to generate buy-in from other stakeholders, build consensus, and encourage creativity. According to the idea of synergy , decisions made collectively also tend to be more effective than decisions made by a single individual.
Cultural synergy is a term coined from work by Nancy Adler [1] of McGill University which describes an attempt to bring two or more cultures together to form an organization or environment that is based on combined strengths, concepts and skills. The differences in the world's people are used in such a way that encourages mutual growth by ...
Examples are given in brackets) Defining the task, (by setting clear objectives through SMART goals) Planning, (by looking at alternative ways to achieve the task and having contingency plans in case of problems) Briefing the team, (by creating the right team climate, fostering synergy, and making the most of each individual through knowing ...
Cost synergies are realized by eliminating positions that are viewed as duplicate within the merged entity. Examples include the headquarters of one of the predecessor companies, certain executives, the human resources department, or other employees of the predecessor companies. This is related to the economic concept of economies of scale ...
A team at work. A team is a group of individuals (human or non-human) working together to achieve their goal.. As defined by Professor Leigh Thompson of the Kellogg School of Management, "[a] team is a group of people who are interdependent with respect to information, resources, knowledge and skills and who seek to combine their efforts to achieve a common goal".
Synergism comes from the Greek syn (with) and ergon (work) and refers to two or more sources working together. [1] In Christian theology, it describes the cooperative effort between God and humanity in the process of salvation. [2] [3] It implies a free human participation in salvation. [4]
A strategic alliance is an agreement between two or more players to share resources or knowledge, to be beneficial to all parties involved. It is a way to supplement internal assets, capabilities and activities, with access to needed resources or processes from outside players such as suppliers, customers, competitors, companies in different industries, brand owners, universities, institutes ...