Corporate synergy refers to a financial benefit that a corporation expects to realize when it merges with or acquires another corporation. Corporate synergy occurs when corporations interact congruently.
This type of synergy is a nearly ubiquitous feature of corporate mergers and acquisitions and is a negotiating point between the buyer and seller that impacts the final price both parties agree to.
Positive synergies arise when the combined corporation will bring about better results than the two independent corporations, as in the saying "the whole is better than the sum of the parts". If the corporations do not do due diligence, negative synergies may arise, in which the corporations would have been better off existing on their own.
A cost synergy refers to the opportunity of a combined corporate entity to reduce or eliminate expenses associated with running a business. Cost synergies are realized by eliminating positions that are viewed as duplicate within the merged entity. Examples include the headquarters of one of the predecessor companies, certain executives, the human resources department, or other employees of the predecessor companies. This is related to the economic concept of economies of scale. This leads to companies sometimes to try to reduce costs too much and make that their main goal after merging, which was found in the study from McKinsey, a global consultancy making revenues, and therefore suffer due to neglecting day-to-day activities that will bring in revenue. For example, when Kraft took over Cadbury, they tried to reduce costs by shutting down a factory that employed 400 staff. This led to greater problems as Cadbury's staff became uncertain about their job security which resulted in Cadbury's staff changing their attitude to work due to the fears that arose.
Increase in managerial effectiveness, which is required for the success of a corporation, will result in more innovative ideas that will improve the performance of the corporation as a whole. Synergies therefore result in more creative ideas and people are more likely to take risks due to merging of ideas so there are more innovative solutions brought up compared to working alone Hunt, & Osborn, 1991). Synergy thus results in the strength of one corporation complementing the other. Thus, corporate synergies are able to overcome problems faced by independent firms and are able to reach positions that could take six years if these firms existed independently. Subsidiaries are offered the most advantages.
The amount of tax a corporation pays is based on the amount of profits so they could merge with a corporation making a loss in order to reduce their tax burden. However this has been discouraged.
Corporate synergies due to mergers result in larger firm size which is perceived as more attractive to some investors as well as a larger firm gives competitive advantage in an industry as higher market share allows firms to be more dominant and able control the market more.
Managerial biases conflicts with the aims of synergies, This is because executives view that the advantages that synergies bring along is their job so their thinking is therefore distorted and rather than focusing on the most important aspects. This consists of:
Managers consciously or unconsciously underestimate the costs of the synergy and overestimate the benefits so as to give themselves reason for the organization to go ahead with the synergy whether or not its benefits will outweigh the costs, this is because some executive base their achievement in an organization on this and they therefore make it their most important priority. A 2012 survey by Bain & Company found that overestimating synergies was the second biggest cause of post-deal disappointment.
Managers compel the business units to cooperate in the synergy. It encourages executive managers to intervene greatly, which could lead to more harm than good.
Managers assume that the know-how that is required for the synergy is within the organization and a lot of the time, this is not the case. This bias comes hand in hand with parenting bias because if you intervene to make synergies occur than you going to assume that your corporation has the skills required thereby overlooking the skills gap. This then makes it difficult for a positive synergy to occur and might then make the joint corporation a waste of resources and cause resulting in a negative synergy.
Executives concentrating on the benefits of the synergy and ignore or overlook their potential drawbacks. “In large part, this upside bias is a natural accompaniment to the synergy bias: if parent managers are inclined to think the best of synergy, they will look for evidence that backs up their position while avoiding evidence to the contrary. “
Anna Brooks Kooiman Stuckey is an American news anchor and television panelist, currently working for Australia's Network Ten. From 2011 to 2016, she served as anchor and reporter for Fox News based in New York City. Kooiman's last position with Fox News was as co-host on the weekend edition of Fox & Friends. Since then, she has been with the News Corp's Australian division as a substitute anchor and panelist on various news programs for Network Ten.Her website records that she had her first child on January 22, 2018 and as of September 24 has appeared frequently on Fox News.Behind the Red Door
Behind the Red Door is an English drama film directed by Matia Karrell and released in 2003. The lead characters in the movie are Kyra Sedgwick, Kiefer Sutherland and Stockard Channing. The film depicts the relationship between a sister and her brother, who is suffering from the fatal disease AIDS.Bluprint
Bluprint is a subscription video on demand service majority-owned by NBCUniversal Direct-to-Consumer and Digital Enterprises. The service features online courses and other forms of video content surrounding crafts, hobbies, and lifestyle topics, as well as an online store that sells craft supplies and project kits that tie into the service's video content.
The service was originally launched in 2011 as Craftsy, which primarily focused on offering online video courses on crafts-oriented topics, as well as selling crafts products. Within a year, Craftsy had attracted over half a million enrollments. In 2017, the site was acquired by NBCUniversal; the following year, Craftsy launched a new over-the-top video platform known as Bluprint, which expanded to include other lifestyle-oriented topics beyond crafts, as well as increased synergies with NBCUniversal media properties. Craftsy was merged entirely into Bluprint in January 2019.Jack Donaghy
John Francis "Jack" Donaghy ( DON-ə-gee) is a fictional character on the NBC sitcom 30 Rock, airing from 2006 to 2013. The character was created by series creator Tina Fey, and is portrayed by Alec Baldwin. He was introduced as the Vice President of East Coast Television and Microwave Oven Programming for General Electric. As Vice President, he serves as the protagonist Liz Lemon's (Fey) boss as well as her personal mentor. As the series progresses, their relationship develops and informs their respective storylines. Donaghy climbs up the corporate hierarchy to achieve his professional dream of leading General Electric as its president and chairman.
Donaghy's penchant for wealth, power, authority, Republican values, and social status has been acclaimed as a high point of the series and his characterization. Fey intended for the character to serve as an oppositional but complimentary counter to Lemon, expressed through various gender, social, and power dynamics.Baldwin has received two Primetime Emmy Awards, three Golden Globe Awards, seven Screen Actors Guild Awards, and one Television Critics Association Award for his portrayal of this character.James Bond Theme
The "James Bond Theme" is the main signature theme of the James Bond films and has featured in every Eon Productions Bond film since Dr. No, released in 1962. The piece has been used as an accompanying fanfare to the gun barrel sequence in almost every James Bond film.
The "James Bond Theme" has accompanied the opening titles twice, as part of the medley that opens Dr. No and then again in the opening credits of From Russia with Love (1963). It has been used as music over the end credits for Dr. No, Thunderball (1965), On Her Majesty's Secret Service (1969), The World Is Not Enough (1999), Casino Royale (2006), Quantum of Solace (2008), Skyfall (2012), and Spectre (2015).Johnny Mnemonic (film)
Johnny Mnemonic is a 1995 Canadian-American cyberpunk action thriller film directed by Robert Longo in his directorial debut. The film stars Keanu Reeves and Dolph Lundgren. The film is based on the story of the same name by William Gibson. Keanu Reeves plays the title character, a man with a cybernetic brain implant designed to store information. The film portrays Gibson's dystopian view of the future with the world dominated by megacorporations and with strong East Asian influences. This was Dolph Lundgren's last theatrically released film until 2010's The Expendables.
The film was shot on location in Canada, with Toronto and Montreal filling in for the film's Newark and Beijing settings. A number of local sites, including Toronto's Union Station and Montreal's skyline and Jacques Cartier Bridge, feature prominently.
The film premiered in Japan on April 15, 1995, in a longer version (103 mins) that is closer to the director's cut, featuring a score by Mychael Danna and different editing. The film was released in the United States on May 26, 1995.List of Legion characters
Legion is an American cable television series created for FX by Noah Hawley, based on the Marvel Comics character David Haller / Legion. It is connected to the X-Men film series, the first television series to do so. The first season, consisting of eight episodes, aired from February to March 2017. The second season began airing in April 2018.
Dan Stevens stars as Haller, a mutant diagnosed with schizophrenia at a young age. Also starring in the first season are Rachel Keller as Syd Barrett, Aubrey Plaza as Lenny Busker, Bill Irwin as Cary Loudermilk, Jeremie Harris as Ptonomy Wallace, Amber Midthunder as Kerry Loudermilk, Katie Aselton as Amy Haller, and Jean Smart as Melanie Bird. Aselton returned as Amy briefly in the second season, when Jemaine Clement and Hamish Linklater were promoted from guest roles to series regulars and Navid Negahban joined the cast.Looney Tunes history (1997–present)
Due to the success of Space Jam in 1996, Warner Bros.' Looney Tunes were revamped as a series with the release of multiple new expansions of the canon including movies, theatrical shorts, and television series.Mandatory Fun
Mandatory Fun is the fourteenth studio album by American musician "Weird Al" Yankovic. Self-produced, the album was released by RCA Records in the United States on July 15, 2014. Yankovic had previously released Alpocalypse in 2011, and toured in support of it when he first spoke of his next record. When he began to work on what would become Mandatory Fun, Yankovic found himself listening to older acts, many of which he would stylistically spoof on the album.
Recorded at studios in Los Angeles and Massachusetts from 2012 to 2014, the album contains twelve songs, which include parodies of songs by Pharrell Williams, Robin Thicke, Iggy Azalea, Lorde and Imagine Dragons. It also features original songs in the form of pastiche, imitating the styles of the Pixies, Cat Stevens, Foo Fighters, Crosby, Stills & Nash and Southern Culture on the Skids. Yankovic composed the originals first, and wrote parodies last in order for them to be as timely as possible upon the album's release. Many artists reacted positively to being parodied; Williams remarked that he was "honored" to be spoofed by Yankovic, while Imagine Dragons advised Yankovic on how to replicate sounds in their original song.
After Yankovic's 32 years under contract, Mandatory Fun marks his first number one album in the United States. It received positive reviews from contemporary music critics. Yankovic chose not to release a lead single and instead publicized the album by launching eight music videos online during the first week of the album release through different video content portals. Among these, "Word Crimes" became Yankovic's fourth top 40 song, making him one of few artists to achieve such a feat in four separate decades.
The album won for Best Comedy Album at the 57th Annual Grammy Awards, Yankovic's fourth career Grammy. Due to the completion of his record contract obligations and the success of the video strategy, Yankovic has suggested Mandatory Fun may be his last traditional album, switching to more timely releases of singles and EPs of his songs.Product placement
Product placement, also known as embedded marketing, is a marketing technique where references to specific brands or products are incorporated into another work, such as a film or television program, with specific promotional intent.
While references to brands may be voluntarily incorporated into works to maintain a feeling of realism and/or be a subject of commentary, product placement is the deliberate incorporation of references to a brand or product in exchange for compensation. Product placements may range from unobtrusive appearances within an environment, to prominent integration and acknowledgement of the product within the work. Common categories of products used for placements include automobiles and consumer electronics. Works produced by vertically integrated companies (such as Sony) may use placements to promote their other divisions as a form of corporate synergy.
During the 21st century, the use of product placement on television grew, particularly to combat the wider use of digital video recorders that can skip traditional commercial breaks, as well as to engage with younger demographics. Digital editing technology is also being used to tailor product placement to specific demographics or markets, and in some cases, add placements to works that did not originally have embedded advertising, or update existing placements.Synergy
Synergy is the creation of a whole that is greater than the simple sum of its parts. The term synergy comes from the Attic Greek word συνεργία synergia from synergos, συνεργός, meaning "working together".Synergy Marine Group
Synergy Marine Group provides ship management services to ship owners worldwide. They have their headquarters in Singapore.Synergy Marine Group was founded in 2006. They provide services like technical management, commercial management, crew management, new ship building, maritime training, pre-purchase inspection, port agency and marine travels.
The company is accredited ISO 14000, OHSAS 18001 and certified by DNV for ISO 9001. Currently Synergy Group employs 7500 members of staff and seafarers across its offices worldwide. Recently Synergy Group took delivery and management of vessel Trammo Dietlin, the first vessel in the world to be certified to AL-SAFE class notation from Llyod’s Register (LR).In 2018, Synergy Group has launched a new counselling service aimed at improving mental health support for sea and shore-based maritime personnel.The Secret Life of Pets
The Secret Life of Pets is a 2016 3D American computer-animated comedy film produced by Illumination Entertainment. It is directed by Chris Renaud, co-directed by Yarrow Cheney, written by Brian Lynch, Cinco Paul and Ken Daurio and is the first film of the franchise of the same name. The film stars Louis C.K., Eric Stonestreet, Kevin Hart, Steve Coogan, Ellie Kemper, Bobby Moynihan, Lake Bell, Dana Carvey, Hannibal Buress, Jenny Slate, and Albert Brooks.
The Secret Life of Pets premiered at the Annecy International Animated Film Festival on June 16, 2016, and was released in theaters in the United States on July 8, 2016, by Universal Pictures. The film received generally positive reviews and grossed $875 million worldwide, becoming the sixth-highest-grossing film of 2016, and was the year's most profitable release. A sequel, The Secret Life of Pets 2, is set for release on June 7, 2019, with Patton Oswalt taking over Max's role from C.K.With Love (Hilary Duff song)
"With Love" is a song recorded by American recording artist Hilary Duff for her fourth studio album, Dignity (2007). It was written by Duff and Kara DioGuardi with the song's producers Vada Nobles and Julius "Logic" Diaz. According to Duff, the song is about having a "crazy job" but being kept "sane" by a lover. Musically, "With Love" has a dance-rock guitar throughout its hook while it presents more mature vocals by Duff in contrast to her previous works. The song was released as the second single from Dignity on February 2, 2007 by Hollywood Records.
"With Love" received positive reviews from music critics, who called it a reinvention by the singer, and compared it with the works by Kylie Minogue and Gwen Stefani. Commercially "With Love" also fared well. It became her highest-peaking single on the US Billboard Hot 100, where it reached number 24, and additionally reached number one on the region's Hot Dance Club Play chart. It was also able to reach numbers six and eight in Spain and Italy, respectively.
The "With Love" accompanying music video was directed by Matthew Rolston and doubles as the television commercial for Duff's fragrance With Love... Hilary Duff. It was filmed at City Hall in San Francisco, and features Kellan Lutz as Duff's love interest. It decipts Duff being followed by Lutz's character until they share a kiss towards its end. A separate version of the music video was produced for airing on Disney Channel and its online DXD service on the page for Radio Disney. Duff made a live performance of "With Love" at the 2007 MuchMusic Video Awards, where she also won the accolade for People's Choice: Favourite International Artist.
Aspects of corporations