Synergy

Refers to the combined or multiplied effect of two or more entities working together to achieve a common goal, where the result is greater than the sum of the parts. Synergy occurs when different elements of a business, such as departments, teams, or individuals, collaborate and coordinate their efforts to achieve better results than they would have achieved working separately. Synergy can also occur through the acquisition or merger of two companies, where the combination of resources, expertise, and capabilities creates new opportunities for growth and innovation. Synergy is often cited as a key benefit of teamwork and strategic alliances in business.

A business coach might encourage a team to work together on a project, combining their individual skills and expertise to create a better end result than any one team member could have produced alone. By fostering a culture of collaboration and emphasizing the importance of leveraging each other’s strengths, a coach can help a team achieve synergy and maximize their potential.

Synergy DEFINITION:

1. The combined effort or output of multiple elements that produces a greater overall result than the sum of its parts. 2. A mutually beneficial relationship between two or more entities that results in improved efficiency, productivity, or profitability.

Synergy QUOTE:

1."Synergy: When one plus one equals three... and nobody knows how it happened." 2."Synergy: The magical power of buzzwords to make mediocre ideas seem brilliant."