Describe the importance of synergy to an effective strategyS

Describe the importance of synergy to an effective strategy

Solution

Synergy means that the combined activities of a group produces a combined effect which is greater than the sum of its parts.

Strategy is a plan of action that helps an organization achieve its goals.

Synergy is highly important in making a stratgy effective. Synergy helps in maximizing cooperation in an organization. Synergy results in increased productivity by leveraging complementary skills, increasing open communication, and creating an atmosphere of cooperation.

Strategy guides a business in doing the right things to achieve a goal. Synergy creates a situation of advantage for the organization, thus reducing its chances of doing the wrong things.