: a mutually advantageous conjunction or compatibility of distinct business participants or elements (such as resources or efforts)
Did you know?
An old saying, "The whole is greater than the sum of its parts", expresses the basic meaning of synergy. The word is sometimes used in a purely physical sense, especially when talking about drugs; sometimes a "cocktail" of drugs may be more effective than the sum of the effectiveness of each of the separate drugs. But the word is best known in the world of business. The notion that, when the right two companies merge, they'll produce a profitable synergy seemed exciting in the 1990s, when synergy became a trendy buzzword (even though it's actually been around since the 17th century). The idea of synergy was one factor in what became a "merger mania;" unfortunately, business synergy often turned out to be harder to achieve than to imagine.
Example Sentences
A synergy has developed among the different groups working on this project. two companies that have found synergy
Recent Examples on the WebThe game offers a bit of synergy for ESPN, which is currently broadcasting the Little League World Series. Chad Finn, BostonGlobe.com, 19 Aug. 2022 This synergy between branding and product marketing cannot start too early. Jessica Wong, Forbes, 19 May 2022 Still, there was such a modern sense of synergy in this diverse trio that the presidency felt unexpectedly remarkable — like a springtime splash of perennial tulips — even while building on tradition.The Salt Lake Tribune, 27 Mar. 2022 These initiatives include paid advertising efforts, email marketing and synergy initiatives, promotional partnerships, sweepstakes and experiential events. Carson Burton, Variety, 29 Aug. 2022 So that together creates a really amazing synergy for clients. Steve Baltin, Forbes, 10 Aug. 2022 In part one of the series, Gamble explains the secret to their synergy as a production trio. Darlene Aderoju, Billboard, 7 July 2022 But the On Location transaction opened up synergy opportunities with the multiplatform talent represented by Endeavor’s agencies, which include WME and IMG. Etan Vlessing, The Hollywood Reporter, 24 Feb. 2022 Fully remote work doesn’t cultivate the level of interpersonal relationships that business leaders see as vital to workplace synergy, collaboration and innovation. Johnny C. Taylor, CNN, 15 Aug. 2022 See More
Word History
Etymology
New Latin synergia, from Greek synergos working together