The condition that exists when the organization's parts interact to produce a joint effect that is greater than the sum of the parts acting alone is known as:
A) core competence.
B) synergy.
C) value creation.
D) business-level strategy.
E) multidomestic strategy.

Question

Quizplus · Accepted Answer

Synergy refers to the interaction of different parts of an organization to produce a joint effect that is greater than the sum of the parts acting alone. This can be achieved through collaboration and cooperation among different departments, teams, or individuals within the organization. Synergy can create efficiencies, improve productivity, and enhance organizational effectiveness. Core competence refers to the unique capabilities and skills that a company possesses and can leverage to gain a competitive advantage. Value creation refers to the process of adding value to a company's products or services through innovation, quality, or other means. Business-level strategy and multidomestic strategy are both broader concepts related to a company's overall approach to competition and market positioning.

The Condition That Exists When the Organization's Parts Interact to Produce