kindly advice the meaning of synergy and how it could be used?

Question

as a businessman,politcian or a community worker how can i use the word synergy and what is the meaning

Answer 1

The general definition is the interaction of two or more agents or forces so that their combined effect is greater than the sum of their individual effects.

In business, it is the idea that the value and performance of two companies combined will be greater than the sum of the separate individual parts. This term is used mostly in the context of mergers and acquisitions. For example, if Company A has an excellent product but lousy distribution whereas Company B has a great distribution system but poor products, the companies could create synergy with a merger. Another e.g. - a Merger of two oil companies, one with a superior distribution network and the other with more reserves, would have synergy and would be expected to result in higher earnings per share than previously.