Ortein, a shoe manufacturing company, wanted to cut costs and hence laid off half its employees from two of its departments. It then made the departments share free resources with each other. This sharing of resources led to the company improving the overall productivity of the two departments, and it also helped in reducing costs. This approach is an example of _____.

Question

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The approach of making two departments share free resources with each other and improving overall productivity and reducing costs is an example of synergy, where the combined effect of the two departments is greater than the sum of their individual efforts.

Ortein, a Shoe Manufacturing Company, Wanted to Cut Costs and Hence