Synergy

Examples of Synergy in the following topics:

• The Importance of Leverage

  • Although there are different ways of understanding the concept of gaining leverage as a manager, the underlying principle should be one of synergy.
  • The concept of synergy emphasizes that one additional employee's output is greater than an arithmetic expectation.
  • More simply put, synergy means that 1 + 1 > 2 (a common adage in business for synergy is 1 + 1 = 3).
  • Delegation therefore allows managers to optimize team structures and skill-set distributions to allow for synergy in operations.

• Building a Culture of High Performance

  • Valued diversity – Team synergy is lost when groupthink dominates the discussion.
  • Mutual trust – Reliance upon one another, and trust in each other's skills and capabilities, allows for less duplication of work and more overall synergy.

• Advantages and Disadvantages of Group Decision Making

  • Group decision making provides two advantages over decisions made by individuals: synergy and sharing of information.
  • Synergy is the idea that the whole is greater than the sum of its parts.

• Cultural Intelligence

  • Diversity in a rapidly globalizing economy is a central field within organizational behavior and managerial development, underlining the critical importance of deriving synergy through cultural intelligence.
  • An interesting perspective on cultural intelligence is well represented in the intercultural-competence diagram, which highlights the way that each segment of cultural knowledge can create synergy when applied to the whole of cultural intelligence, where overlapping generates the highest potential CQ.

• The Role of Teams in Organizations

  • Operating globally also creates opportunities to combine the efforts of employees working on similar projects to avoid duplication and create synergies.

• Culture-Specific Nuances of Human Resources Management

  • The localization of HRM strategies and materials allows multinationals to achieve synergy across various geographic and cultural contexts.

• Defining Values

  • Values help determine whether an employee is passionate about work and the workplace, which in turn can lead to above-average returns, high employee satisfaction, strong team dynamics, and synergy.

• Group Conflict as a Barrier to Decision Making

  • Group dynamics require all fifteen players to work together, often demanding tremendous synergy to outlast an opponent.

• Consequences of Workplace Stress

  • If stress is not noted and addressed by management early on, team dynamics can erode, hurting the social and cultural synergies present in the organization.

• The Systems Viewpoint

  • The end product of effective systems management is synergy, in which the end product has more value than the individual sum of its parts.