Asked by Alexis Johnson on Sep 26, 2024
Thanks to technological synergy, profitable new markets can be tapped without the expense of developing totally new products.
Technological Synergy
The heightened effectiveness or efficiency achieved when various technological systems operate together in coordination.
Profitable New Markets
Emerging or unexplored market segments that offer the potential for significant financial returns.
Totally New Products
Products that are innovative and provide unique benefits or serve new markets, distinct from upgrades or revisions of existing offerings.
- Acquire an understanding of synergy concepts and their classifications in organizational strategic planning.
Learning Objectives
- Acquire an understanding of synergy concepts and their classifications in organizational strategic planning.