Synergy how does it work

This is synergy. Find jobs. Company reviews. Find salaries. Upload your resume. Sign in. Career Development. What is synergy? Why is synergy important? Creates better results Achieves the organizational vision and mission Generates better solutions to problems. Types of synergies. Complementary geographies and customers: This can be achieved by merging two organizations with different geographies and customers that, when merged, give the companies access to increased demographics and higher revenue.

Complementary products: When companies that produce complementary products merge, they can bundle their products to generate higher sales. Patents: Access to patents can allow the merged organization to create more competitive products and generate more revenue.

It also saves money if one of the companies was paying a fee to access the patent. Supply chain efficiencies: If one company has access to better supply chain relationships, the other company can take advantage of those relationships during a merger and streamline its own supply chain, benefiting from the associated cost savings. This logic applies to the entire org chart.

Shared information technology: Each company in the merger will have its own proprietary access to information technology, potentially creating opportunities for operational efficiencies. Research and development: Each organization will have access to its own research and development information that allows for better development or, because of the shared information, creates opportunities to cut costs without sacrificing quality.

Sales and marketing: A merger allows the organizations to access each other's resources, saving on costs that were potentially being expensed by the organizations when they were separate. Common requirements for accomplishing synergy. Work on defining your vision , sharing it and creating the kind of culture that is positive and supportive. Tags: Culture. Downriver Office Trentwood Ct. Trenton, MI United States Chris Stathakis.

Subscribe to Email Updates. Popular Topics. Different team members will obviously be filling different functions in pursuit of that goal, but different objectives create chaos and conflict. Once everyone knows where the hoop is, the team needs to communicate so each player knows what his or her teammates need from them. The key is finding a balance between being direct and polite. Be clear with your needs or instructions as clear goals are the best.

Then, the coach steps back and lets them play. They know that the success of the team is more important than the success of any individual player, so they help each other out, and they trust their teammates to do the same. Showing your team that you have faith in their abilities and that you trust them to do their job well is the most important job a team leader has. And a team with no faith in itself is not likely to succeed.

Finally, being a member of a team requires personal commitment and dedication to the overall success of a team. Just like that high school soccer team, your team has members joining and leaving all the time. Different temperaments, abilities, and interests risk creating conflict and contention within the team, which can confuse goals and obscure communication.