改革与战略
改革與戰略
개혁여전략
Reformation & Strategy
2008年
3期
105~107
,共null页
并购 整合 规模经济 预期收益 战略整合 人力资源
併購 整閤 規模經濟 預期收益 戰略整閤 人力資源
병구 정합 규모경제 예기수익 전략정합 인력자원
merger and acquisition; integration; economics of scale; desired benefit; strategic integration; human resources
企业的并购整合对企业发展有着重要意义，企业通过并购整合可以取得规模经济效益，降低进入新行业的壁垒，也可以扩大市场份额和提高管理效率。我国企业在并购整合中主要存在缺乏明确的整合战略和整合能力、企业资金链断裂从而陷入流动性风险等问题。我国企业可以采取调整企业的经营战略、保持企业资产与负债的内部协调、稳定企业的人力资源和提高企业的凝聚力等可行的整合措施。
企業的併購整閤對企業髮展有著重要意義，企業通過併購整閤可以取得規模經濟效益，降低進入新行業的壁壘，也可以擴大市場份額和提高管理效率。我國企業在併購整閤中主要存在缺乏明確的整閤戰略和整閤能力、企業資金鏈斷裂從而陷入流動性風險等問題。我國企業可以採取調整企業的經營戰略、保持企業資產與負債的內部協調、穩定企業的人力資源和提高企業的凝聚力等可行的整閤措施。
기업적병구정합대기업발전유착중요의의，기업통과병구정합가이취득규모경제효익，강저진입신행업적벽루，야가이확대시장빈액화제고관리효솔。아국기업재병구정합중주요존재결핍명학적정합전략화정합능력、기업자금련단렬종이함입류동성풍험등문제。아국기업가이채취조정기업적경영전략、보지기업자산여부채적내부협조、은정기업적인력자원화제고기업적응취력등가행적정합조시。
The merger of enterprises is of great significance for the development of enterprises. Through the merger and acquisition, enterprises can achieve the benefit of scale economics and remove the barriers of access to a new trade. Furthermore, they can enlarge market share and raise management efficiency. In the merger and acquisition of China enterprises, the strategy and ability of integration are less-developed, also the break of funds can plunge the enterprise into liquidity risk. The feasible measures of integration for China＇s enterprises are presented： to adjust the operating strategy, to maintain the internal coordination of assets and liabilities, and to stabilize the human resources and enhance the cohesion of enterprises.
