Potential Synergies and Complementary Properties

EasyChair Preprint 13364

Abstract

The concept of synergies and complementary properties is an important consideration in many domains, from business strategy to technological innovation. Synergies refer to the phenomenon where the combined effect of two or more elements is greater than the sum of their individual effects. Complementary properties, on the other hand, describe how different elements can enhance or enable each other, even if their individual contributions are not necessarily multiplicative.

This paper explores the potential for synergies and complementary properties to arise in a variety of contexts. It examines how the alignment and integration of different resources, capabilities, or technologies can unlock new sources of value that may not be apparent when considering them in isolation. The paper discusses frameworks and methodologies for identifying, evaluating, and capitalizing on synergistic and complementary relationships.

Several illustrative case studies are presented to highlight real-world examples of synergies and complementarities, drawing insights that can inform strategic decision-making and guide the pursuit of innovative solutions. The paper concludes by outlining key considerations and future research directions in this important area of study.

Keyphrases: synergy, • Competitive advantage, • Complementary properties, • Interdisciplinary collaboration, • Strategic decision-making, • Value creation

@booklet{EasyChair:13364,
  author    = {Godwin Olaoye and Harold Jonathan},
  title     = {Potential Synergies and Complementary Properties},
  howpublished = {EasyChair Preprint 13364},
  year      = {EasyChair, 2024}}