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... > social science subjects > business and management > entrepreneurship > new venture management > entrepreneurship financing and economic development > strategy (organizational) > synergy
social science subjects > health and social care > health care management > strategy (organizational) > synergy

Preferred term

synergy  

Definition

  • Synergy exists when the value created by business units working together exceeds the sum of the value those same units create when working independently: the harmonization of the direction and operation of separate organizations into a whole entity. Synergetic activity typically needs to be carefully planned, analyzed, and implemented. [Source: Dictionary of Strategy: Strategic Management A-Z; Synergy]

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https://concepts.sagepub.com/social-science/concept/synergy

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