摘要
跨境并购是企业实现转型升级的有效途径,能否实现预期目标需考察并购前后企业的绩效变化。本研究以宁波均胜电子为例,基于平衡计分卡的视角,从财务、客户、内部流程、学习与成长四个维度对跨境并购前后的绩效做了比较分析,指出其成功经验及存在的问题,并提出创新性的启示:明确并购战略,始终聚焦主业;选择并购目标,加速转型升级;加强成本管控,提升议价能力;积极推进整合,促进融合发展。
Cross-border merger and acquisition(M&A) is considered as an effective way for enterprises to achieve transformation and upgrading. The performance change of enterprises before and after M&A should be examined to clarify whether the expected target is achieved. The present paper,taking Joyson Electronics as the study object, conducts a comparative analysis of the performances before and after cross-border M&A in the light of finance, customer, internal process, learning and growth based on balanced scorecard(BSC), discusses its success story and the existing problems and puts forward the implications, i.e., making clear M&A strategy, focusing on the main business; selecting acquisition targets, accelerating transformation and upgrading; strengthening cost control, improving bargaining power, pushing for integration and promoting integrated development.
引文
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