Many companies argue that they search for synergies between the Essay

Many companies argue that they search for synergies between the business in their portfolio.do you think this is a realstic aspiration in aswering this qustio - Essay Example In business, the term describes a hoped-for or real effect resulting from different individuals, departments, or processes or portfolios of a business or companies working together and bringing about higher productivity and revenues than those of the sum of the individual elements or processes or portfolios of the business. This kind of advantage may be derived from the combined or cooperative efforts of different lines of business of an enterprise and or from the merger of two companies in the same line of business or industry. In fact, synergy is the magic word often bandied about to justify mergers and acquisitions. We shall consider in this paper the nature, content and the extent of synergy that may be generated in both these categories of business combination. However, at the outset itself, it needs to be said as Addison's Sir Roger de Coverly had often declared years ago that "much may be said on both sides of the question". (Joseph Addison) Currently, many of the world economies are 'knowledge-based', heavily dependent on and driven by innovative technology. Any business which cannot adapt itself to the exacting demands of such an economic environment may find it difficult to survive long in the hustle and clamour of the competitive world in which it has its existence. Today's management has to be strategically equipped for the situation. Synergy supplies that strategic equipment. And a management so equipped will focus on the whole, and not on the parts, of a conglomerate business and will work on the interface of components, on their links and binding factors, and on the potential for the whole system to achieve results that are greater than the sum of the parts. A corporation that builds on core competencies utilises skills that combine to strengthen value chains and build greater competitive advantages. This leads to synergies among business units, which help them to become more productive together than independent ly. The collection of skills used in this situation may be largely intangible, but corporations can and do build synergies by sharing tangible resources. Corporate strategy seeks to develop synergies by sharing and coordinating staff and other resources across business units, investing financial resources across business units, and using business units to complement other corporate business activities. In the language of simple arithmetic logic, if two horses can pull 9,000 pounds, four horses can pull 18,000 pounds. Sounds reasonable - but in the language of synergy, it is wrong! Four horses in combination will be able to pull over 30,000 pounds! It is synergy that makes the difference. A few examples For instance, Ford Motor Company's different brands have their own strengths and systems. The organization unites them together with shared data and compatible systems. Their different high-tech and consumer-focused businesses have imparted the potential of impressive revenue growth, and supplied the synergies for maximum benefit. Another example is that of Toyota. Its global competitive advan

Small-Business Preference Essay Example | Topics and Well Written Essays - 750 words

Small-Business Preference - Essay Example The Congress has managed to come up with some very important and exciting programs that regulate and guide use of unmanned aircrafts or rather drones. The United States law enforcing agencies have taken steps to incorporate use of domestic drones. This has greatly helped enforcing agencies improve in their surveillance capabilities within the American population and without the American population. It is important to note the fact that incorporating such drones in public life would definitely change the American public life as it is known. It is therefore wise to consider implication of unmanned aircraft presence and capabilities of these flying objects. The government must therefore be careful to ensure there is public support for these unmanned flying objects. Normally, being monitored and tracked through surveillance mechanism will cause some discomfort among the public and affect public life eventually. Because of such guidelines drone manufacturing is only limited to domestic us e in case of business related interests and not wars. Manufacturers of drones have brought forward several suggestions for consideration by the United States Homeland security department. Examples include arming the remote controlled unmanned aircrafts with weapons such as tasers tear gas or rubber bullets. Such use is limited to non lethal weapons by the law enforcement agencies. Several states have enacted laws that govern use of domestic drones offering insight to the kind of businesses that can be allowed for manufacture (New York Times, 2012). Usage limits for drones as legislated include only when warrants for their use have been issued, in emergency cases or when there is enough support to conclude its use will assist in collection of important evidence to specific criminal activities. When image collection capabilities are incorporated in the drones, such images should be saved or retained only when it will be useful as evidence. Policies guiding use of domestic drones inclu de having the public representatives and not police departments make such decisions. It also says that such policies should be clearly written and open for public use. Part of the guidelines also includes a public audit of its use and a properly instituted oversight committee to prevent misuse. Domestic weapon shouldn’t also carry lethal weapons for safety of the public in case of misuse by a rogue regime. Small-Business Programs Created By Congress and How They Benefit Remote Controlled Aircraft Manufacture Businesses Over Large Air Craft Multinational Organizations Examples of how unmanned and remote controlled aircraft have assisted law enforcement agencies include the documentation of crime scenes in western Colorado. Similar remote controlled aircraft have been used in places such as England, Kenya and South Africa to watch for poachers that are almost bringing wildlife conservation efforts to its knees. It’s also thought courier services might incorporate use of these drone to reduce business running costs by delivering mails. The movie industry will too get a boost by offering directors views only helicopters managed to capture. This is important for their work and in improving quality of their services and products (Congressional Research Service, 2012). The same kinds of planes have taken to the skies in South Africa to pursue suspected poachers seeking rhino horns. They have been tested in England and South Africa