Question

(a) "A synergistic effect can be formed when professional growth and organizational growth
efforts are simultaneously put into place". Explain.

Answer 1

Answer:

Synergy is the concept that the combined value and performance of two companies will be greater than the sum of the separate individual parts. Synergy is a term that is most commonly used in the context of mergers and acquisitions (M&A). Synergy, or the potential financial benefit achieved through the combining of companies, is often a driving force behind a merger.