Examples of synergy in a Sentence
A synergy has developed among the different groups working on this project.
two companies that have found synergy
Recent Examples of synergy from the Web
The joining of the two companies is projected to generate annual cost savings and synergies of $75 million achieved in fiscal year 2018 and $250 million in fiscal year 2019.
Because of synergies from the Renault-Nissan-Mitsubishi alliance, the automaker hopes to save $885 million.
Sniffing great synergies, Thomas Jefferson University and the Monell Chemical Senses Center shared plans to merge at a cork popping ceremony Thursday at Monell’s University City headquarters.
In an expert move of corporate synergy, ABC, which is owned by Disney along with ESPN, ran a brief trailer of the trailer on Sunday’s Good Morning America show, stoking up lightsabers and warming up wallets.
There's just a great synergy going on right now between ocean exploration and space exploration.
The companies expect to see around $50 million in synergies.
Daishin Sugano, co-founder and CPO of the sneaker market app GOAT, cites the Yeezy’s synergy of everything sneakerheads love in 2017 as the central factor in the market’s strength.
Thyssenkrupp and Tata will see annual synergies of 400 million euros ($480 million) to 600 million euros, with as many as 4,000 jobs at risk.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'synergy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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.
Origin and Etymology of synergy
First Known Use: 1632See Words from the same year
Financial Definition of SYNERGY
What It Is
Synergy is the benefit that results when two or more agents work together to achieve something either one couldn't have achieved on its own. It's the concept of the whole being greater than the sum of its parts.
How It Works
Synergy is often one of the goals of a merger or acquisition. The two firms combined may be able to achieve higher profitability than either firm could achieve on its own. Synergy can be reflected in increased revenues and/or lower expenses.
For example, a company may acquire a similar firm, allowing it to expand its product offering and, as a result, increase its sales and revenues. This could not have been accomplished had the two firms remained independant.
In management, synergies may be created between management teams, resulting in increased capacity and workflow that was not possible when the teams were working independently.
As for costs, synergies allow for the creation of economies of scale. For example, a merger can reduce multiple levels of management and duplication and spread fixed cost technologies over larger operations.
Why It Matters
Synergies may be elusive, but they are one of the most important objectives in business. To acquire synergy will result in more efficiency, more efficacy and higher profitability.
SYNERGY Defined for English Language Learners
Seen and Heard
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