企業(yè)并購的價值鏈和能力整合理論研究.pdf

1、北京交通大學(xué)碩士學(xué)位論文企業(yè)并購的價值鏈和能力整合理論研究姓名：尹國明申請學(xué)位級別：碩士專業(yè)：工商管理指導(dǎo)教師：林曉言20060501摘要AbstractMeI譬er／acqujsitjon(M&A)ofChinaenterprisesis目^owingfastinrecentyears，foritgiVesriseofmmleroushopesa11dbearsmlmemusrnissions，butowingtothehi曲f甜1u

2、reratio，M&Apracticehasnotrealizedvalueincreasinginfhct，ontlleconhary，ithascausedmoreresources甜ldabilities10ss，whichmakesenterprisersstepintoamoredimcultposition，andthep01icymakerisfeelingpuzzle，tooTheawkwardsitIlationofM

3、＆Apmcticercnectsthelackillgoft1etheoryaboutM&A，alldmereisnooperationalanalysisanddecision丘鋤etoinst兀JctmepmcticeofM&AUsingt11evaluechailltheoryandthecorecompetitivenesstlleoryasmetlleoryplatf0加，mispaperaimstomakeare—inter

4、pretationofM＆A，wmchfo珊samoresystema廿ca11alySisaIldappraisalt00laswellThemainconclusionsoftllepaperareasfollowing：TheultimateobjectiveofM＆Aistogetstrategicrcsources丘Dme)(teriorandtomdketheeffectiveinteP，ation0ntheseresour

5、ces，wllidhaimstofoHn卸dpromotecorecompetitivcnesspromptlyalldestablishthelong—temcompetitiveadVantageM＆～theinte乒ationofenterprises，refbrstotlleinte蓼ationofresourcesb笛edonthecorecompetellceandtheprocessofrecons虹uc廿onOntheb

6、aseofvaIuechainThevaluechailltheoryrequestmattheinte斟ationofresourcesshouldbecarriedonthethoughtofvaluechain，and血rough血ereconsmlc廿onandoptimizationofthevaluechaintorealizethedispositionandtheinte毋嘶onofresources，andmenthe

7、corecompdencecanbecultivatcdAsaresultofdiversi矗cationofmeente]：priseresourcesessential角c亡0r8，a11thedifrerentessentialfhctorsshallberecons仃uctedsystematicallyAmongtheess∞tialf如tors，meintegrationofenterprisecultll|eandtheh

8、啪allresourcesshouldbeenlphasizedDuetoculturalconfomityasnlefouIldationofi11te蓼ation，themost印pmpdatepattemofenterprisecultlIreimegrationshouldbechosenThehllmanresourcesismemostpreclouss廿；lte百cresources，inte野ationoftheh啪an