International Post-merger Integration and Management-The Case of Cross-Border M&A of China Midea Group

Autor: Lee, Ming-Chuan, 李明娟
Rok vydání: 2018
Druh dokumentu: 學位論文 ; thesis
Popis: 經營管理碩士學程(EMBA)
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In the face of globalization, the market is facing the challenges of rapid changes in information technology and shortened product life cycle. To pursue sustainable growth and strengthen competitiveness, merger and acquisition (M&A) has become an important strategy for corporate expansion. However, international statistics show that the failure rate of M&A is as high as 70%. This shows that M&A is not merely transaction between the two companies. To achieve the synergy of the M&A, plans for pre-merger evaluation and successful post-merger integration are critical. Particularly for cross-border mergers and acquisitions, due to differences in national cultures, regulations, corporate cultures and values, and language barriers, the difficulties and challenges of post-merger integration have been increased. The China’s Midea Group in this study is actively seeking transformation under fierce industrial competition, and is striving to shift from OEM to OBM in the global market. Through a series of international M&A strategies, the Group has acquired core technologies, sales channels, brands and talents, as well as hopes to strengthen its brand power and core competitiveness, and to develop a second runway for short-term revenue expansion and medium- and long-term growth. This study cited the China's Midea Group, which achieved three cross-border M&As from 2016-2017 including Germany's KUKA, Italy's Clivet and Toshiba Home Appliances, as well as theoretically analyzed the problems and countermeasures in their post M&A integrations. Finally, based on the analysis outcome, this study proposed adjustment recommendations to provide reference for Taiwanese companies for their future cross-border M&A and post-merger integration plans.
Databáze: Networked Digital Library of Theses & Dissertations
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