#Synergy wellness how to#

Sometimes, corporate synergy doesn’t just describe the M&A process. Larger, merged businesses not only support one another, but they also achieve cost reductions that ultimately lead to higher profitability. This is largely due to economies of scale. In other words, two companies working together under a merger or acquisition can produce more value than the sum of their individual effects. The concept of synergy in business achieved popularity in the 1990s, when corporate executives and investment bankers used corporate synergy to gain buy-in for proposed mergers and acquisitions (M&As).Ĭorporate synergy describes the expected additional value companies achieve by merging. Synergos means “to work together” or “to collaborate.”Īt its core, synergy is about helping you effectively connect, communicate, and collaborate with cross-functional partners. This commonly misused buzzword takes inspiration from the Ancient Greek philosophy that “the whole is greater than the sum of its parts.” In fact, the word synergy comes from the Latin synergia, which was derived from the Greek word, synergos. Synergy is when two or more things-organizations, departments, or even teams-work together to produce something of value.

#Synergy wellness how to#

In this article, we’ll dig into the true definition of synergy, and how to use this term-not as a buzzword-but as a driver for team growth and impact. But every word has a purpose behind its creation-and synergy is no exception. Like so many other business buzzwords, synergy has been used so frequently that it doesn’t always pack the punch it used to. A quick Google search yields list upon list of “the top 100 worst business buzzwords”-and nearly all of the lists include synergy. From freemium to hyper local, these terms are used so often that they essentially lose all meaning.

Buzzwords get a bad rap-especially business buzzwords.