摘要(英) |
Merge is one of the methods of company grow up, the meaning of growth to a company is including revenue, profitable, market share, step in new industrial and product lines deployment….
The conclusions of the study, both companies are benefited from this merge. Wistron is going to approach 30% of revenue growth up in Year 2009, this industrial horizontal integration is one of key contributions because of the sales capability has been enhanced. LiteOn has gathered her product lines onto high profitable components and resumed profit to above 10% after sold Digital Display BU (DDBU) to Wistron, even the DDBU has shared almost 45% of revenue.
Besides company strategic changed by merge activity, in the mean time the Supply Chain (upstream) and Customer Relationship (downstream) are also gotten changed.
LCD (Liquid Crystal Display) assembly manufacture business has lower profit even less than 3%, however, Wistron is using the corporate resources in order to get the best cost and stability of supply, for example, LCD panels and IC components. Total solution include LCD display product line do gain the better customer relationship.
The decision made for LiteOn to give up LCD manufacture industrial is due to corporate strategies and focus on products of components and modules which have high profit. And focus on manufacture customers to instead of branding. Even the revenue and business scope are impacted. However, as expected the profit and finance are getting healthy. Besides do earn income from this merge, the most important is DDBU saved from the risk of terminated.
The overall review from supply chain, product line to customer end is the way for decision making of merge strategy. Both companies of seller and buyer must gain benefit from it, not loss.
|
參考文獻 |
1. Charles, W. L. H. and Jones, R., 2004, “Strategic Management Theory – An Integrated Approach”, 6th edtion, Houghton Mifflin.
2. Copper, D.R. and Emory, C.W., 1995, “Business Research Methods”, 5th edition. Singapore: Richard D. Irwin.
3. Mikako, K., Luis, A., Ranjit, A., Annette, J., Lillian, T., Joy, S., Raphael, V., Kanae, M., Eri, H., George, S. III, 31 January 2009, “Preliminary PC Market Results, Worldwide, 4Q08 and full-Year 2008”, Gartner.
4. Weston, F.J., Mulherin, J.H. and Mitchell, M., 2007, “Takeovers, Restructuring and Corporate Governance”, 5th edition, Prentice Hall.
5. Yin, R.K., 1994, “Case Study Research: Design and Methods”, Thousand Oaks: Sage Publications.
6. 伍忠賢,民國91年,「企業併購:理論與實務」,第二版,台北:新陸出版社。
7. 光寶科技股份有限公司2009年年報,http://www.liteon.com。
8. 光寶科技股份有限公司公司網站,http://www.liteon.com。
9. 光寶科技股份有限公司2008年Q1財報,http://www.liteon.com。
10. 光寶科技股份有限公司2008年Q3財報,http://www.liteon.com。
11. 光寶科技股份有限公司2009年Q1財報,http://www.liteon.com。
12. 高幸玉,民國98年5月22日,「2008年台灣液晶監視器產業之回顧與未來展望」,資策會 MIC (Market Intelligence & Consulting Institute)。
13. 黃明章,民國97年11月24日,「2008年第4季台灣大尺寸TFT LCD產銷展望」,電子時報 (Digitimes)。
14. 緯創資通股份有限公司2009年年報,http://www.wistron.com.tw。
15. 緯創資通股份有限公司公司網站,http://www.wistron.com.tw。
16. 緯創資通股份有限公司2008年Q1財報,http://www.wistron.com.tw。
17. 緯創資通股份有限公司2008年Q3財報,http://www.wistron.com.tw。
18. 緯創資通股份有限公司2009年Q1財報,http://www.wistron.com.tw。
19. 薛明玲、廖烈龍、林宜賢,民國95年,「企業併購策略與最佳實務」,台北:資誠教育基金會。
|