Competency refers to the ability of a firm to carry out an activity well. It is built and developed by firms consciously through experience and learning. A competency reside in people in the firm and not in physical assets.
The concept of synergyis at the core of resource-based thinking, dating back to EdithPenrose's seminal contribution. More specifically Penrose (1959), without using the actualword though, was concerned with two forms of synergy: the possibility of sharing particu-larly managerial resources, which is brought about due to inevitable indivisibilities ofresources, and transfer of excess (and limitedly tradeable) resources. According to Porter(1987) those are the only kinds of synergy available to firms, but this paper will hopefullymake it clear that his conception is too narrow in scope.
1. Define the problem or opportunity 2.Their Way 3.Your Way 4.Brainstorm 5.High Way
Organizations gain synergy when all areas are in "alignment" with the core/key organizational strategies. It is as if all areas are moving in the same direction focusing on the same key business objectives. Alliance EDI, LLC
It simply means bring a common agreement or say combining the organizational objectives with the individual objectives If we create such a system where employees' as well as organization both are having the common goals and objectives, synergy will be achieved. Thus harmonization in objectives will ensure the welfare and benefits for both organization and individuals.
Effective information systems help businesses operate smoothly. They encourage interdepartmental communication, which promotes synergy and the ability to excel in core competencies.
"Gung ho" and "synergy" mean the same thing: work together.
One is a high-end composite bat (synergy). The other one is a budget aluminum bat (cyclone).
synergy that ain't positive is termed as negative synergy...;)
financial and operating synergy
Synergy Health was created in 1991.
Synergy Health's population is 4,000.
Tri Synergy was created in 1996.
BIG Synergy was created in 1989.
they used synergy to form the group
The Easton company manufactures the synergy sticks
there is a type of baseball bat caaled synergy