This article provides a framework for companies that wish to conduct an aud
it of how well their approach to synergy management is working. The framewo
rk, which has been used successfully by several companies, provides a pract
ical and systematic way of pinpointing unrealized opportunities and creatin
g an agenda of initiatives for addressing them. A detailed illustrative exa
mple shows how the framework was used in a specific company. (C) 2000 Elsev
ier Science Ltd. All rights reserved.