摘要(英) |
Following the increasing trend of globalization, many corporate entities have begun using the “merger” to increase their competitiveness in order to face the increased challenges of a highly competitive corporate environment. In 2002 Taiwan formally introduced “corporate merger legislation”, giving local corporations a legal framework with which to engage in merger strategies, resulting in many such mergers being carried out in Taiwan. Additionally, in recent years many corporations in the international market have been combining high-tech products with fashionable designs with the goal of creating innovative and fashionable high-tech products. For example, in 2007, the Korean mobile phone giant LG cooperated with the popular fashion designer PRADA to jointly create trendy and fashionable cell phones, combining technological innovation with fashion to create a popular new product.
The companies mentioned in this research believe that the successful company L merger also led to the unusual cooperation in 2007 between Phillips and Swarovski two completely unrelated companies, bringing together different types of expertise, to create artistically designed technological products, giving both companies new business opportunities. Additionally, the merger between the aforementioned companies served as a major research precedent for the merger between Taiwan’s first high tech company and a fashion designer.
As such, this research is primarily focused on research inot the merger process between the aforementioned companies and company L, including the motivation behind the merger, how they chose their cooperative partners, and how integration was supervised during the merger process. The aim to learn how the companies involved can maintain efficient management during the process and discover the factors that contribute to a successful partnership, to use as future strategic advice for other companies.
This research is conducted using case analysis, interviews with upper management, and related information gathered from the literature as well as other secondary data sources for analysis. Based on our research we have come to 3 conclusions. First, the case companies have, in order to deal with the rapid changes in the corporate environment in recent years, as well as the recent international market trend of combining technological products with fashion designs, concluded that undergoing mergers and partnerships with fashion designers is an effective way of increasing their competitiveness; additionally, the case companies also hope that through mergers they can bring in new, fresh, and creative ideas in order to successfully market their products in the greater Chinese market. Second, the case companies, having conducted evaluations from many angles, believe that merging with company L will not just increase their own revenue but can also increase the brand recognition of their products on the greater Chinese market, causing them to begin the merger process starting in 2007. Finally, after completion of the merger, the case companies have greater protection against potential risks, allowing them to quickly stabilize the operation of their companies, increasing the efficiency and speed of integration. Additionally, this research proposes 3 strategic suggestions for companies considering a merger, including; studying foreign precedent merger cases of similar companies, improving the compatibility of the corporate culture for both companies, and focusing on human resource management.
|
參考文獻 |
一、 中文部份
1. 方仕豪 (1999),企業進行跨國購併後對經營效率與獲利能力之影響─以台灣主併公司為例,私立淡江大學國際貿易研究所未出版碩士論文。
2. 方至民、鍾憲瑞 (2006),策略管理。台北:前程文化出版公司。
3. 方嘉麟、樓永堅審定 (2007),企業併購個案研究,元照出版公司。台北市。
4. 王嘉源,王柏鴻,羅耀宗譯 (2003),杜拉克談未來管理,時報文化出版企業股份有限公司,台北市。
5. 史建三、尚皓東 (2000),併購模式探析,中國中小企業。第七期,p.28-29。
6. 伍忠賢(1991),國際購併,省屬中小企業聯合輔導中心。
7. 余尚武、江玉柏 (1998),影響企業購併成敗之因素與策略探討,經濟情勢評論第四卷第二期
8. 吳芳銘 (2006),購併成長-面對中國高速經濟成長的策略,台北:時英。
9. 吳青松 (1999),國際企業管理-理論與實務。臺北市:智勝文化事業有限公司。
10. 呂東英(2002),創造股東財富的公司治理機制,政大財管研習會。
11. 李田樹 (2002),改進顧客滿意的七大關鍵,世界經理文摘,196 期。
12. 李伶珠 (1991),中、美兩國企業購併動機差異之理論研究,國立政治大學會計研究所未出版碩士論文。
13. 李宜萍(2006),大學生攀就業天梯,管理雜誌,五月號。
14. 杜貞瑩 (1998),企業多角化之跨國購併探討,高苑學報,7(2),p.p.231-238。
15. 林建煌 (2003),策略管理,台北: 智勝文化事業有限公司。
16. 林家偉 (1996),企業購併作業之規劃與評估模式,私立東海大學,企業管理研究所,碩士論文。
17. 林婷鈴 (2000),銀行國際化併購整合性模式觀念之探討,中華管理評論,第3卷,第3期,頁29-52。
18. 林進富 (1999)。公司併購教戰守則。出版地點:台北聯經出版事業公司。
19. 邱太三(2006),臺灣政治民主化下刑事人權法制之立法變遷,台灣大學國家發展研究所,碩士論文。
20. 胡文宗 (1997),大陸企業收購之研究 — 台資觀點,與未公開附錄二:訪談 內容,國立中山大學大陸研究所未出版碩士論文。
21. 孫梅瑞 (2000),國內上市公司從事公司購併活動對企業經營績效影響之研究,國立政治大學企業管理研究所未出版博士論文,p.p147-159。
22. 孫梅瑞、陳隆麒,國內上市公司從事購併活動對經營績效影響之研究,中山管理評論,第十卷,第一期:155-184。
23. 張建泰 (1993),企業購併之組織整合程序及管理活動之研究,國立中興大學,企業管理研究所,碩士論文。
24. 莊永順(2002),企業國際化策略之研究以台灣工業電腦產業為例,台灣大學國際企業學研究所,碩士論文。
25. 許士軍 (2005)。管理學。台北:東華。
26. 黃偉峰 (2002),併購實務的第一本書,台灣通商法律事務所。
27. 葉銀華,李存修 (2003),台灣之獨立董監制度的改革-政策性建議,會計研究月刊,第213期,第66-85頁。
28. 詹炎生(2006),以個案分析觀點探討國巨併購飛利浦零件事業部之綜效與成本效益,國立交通大學管理科學研究所未出版碩士論文。
29. 蕭守正 (2002),企業蓄意接管後對目標公司經營績效之影響,中原大學企業管理學系未出版碩士論文。
30. 應國卿 (1992),我國國際企業併購之失敗因素研究,工程技術研究所碩士論文,台北:國立台灣工業技術學院。
31. 羅玉潔 (2000),網景AOL合併周年問題湧現,經濟日報,九版。
二、 英文部分
1. Aaron Hertzmann. Painterly Rendering with Curved Brush Strokes of Multiple Sizes. SIGGRAPH 98 Conference Proceedings. pp. 453-460. 1998.
2. Amihud, Y. and B. Lev, (1981). Risk reduction as a managerial motive for conglomerate merger. Bell Journal of Economics 12: 605-617.
3. Berkovitch, E. and M. P. Narayanan, (1993), Motives for takeovers: An empirical investigation, Journal of Financial and Quantitative Analysis 28(3), 347-362.
4. Brouthers, K. D., Hastenburg, P. V. and Joran, V. D. (1998), If most mergersfail why are they so popular? Long Range Planning, 31(3), pp.347-3543.
5. Brunsman, B., Sanderson, S. & Voorde, M. V. D. (1998), How to achieve value behind the deal during merger intergration, Oil & Gas Journal, vol.96, iss.37, pp.21-28
6. Burgman (1986), ISSues And Advance in Mergers Research, Journal of Financial Reseach.
7. Fishman, J. A. (1994). On the limits of ethnolinguistic democracy. In Skutnabb-Kangas T. & Robert Phillipson (Eds.),Linguistic Human Rights. Overcoming linguistic discrimination (pp.49-61).Berlin and New York: Mouton de Gruyter.
8. Frey, M. (1987b) The reaction-isograd kaolinite + quartz = pyrophyllite + H2O, Helvetic alps, Switzerland. Schweizerische Mineralogische und Petrographische Mitteilungen 67, 1-11.
9. Gutknecht J. E. and J. B. Keys, (1993). Mergers, Acquisitions and Takeovers: Maintaining Morale of Survivors and Protecting Employees, Academy of Management Executive, Vol.7(3), 1993, pp.26-36。
10. Haspeslagh, P. and D. Jemison, (1991). Managing Acquisitions: Creating Value through Corporate Renewal. NY: The Fress Press
11. Haspeslagh, P. C. & Jemison, D. B. (1991), The challenge of renewal through acquisitions, Planning Review, vol.19, iss.2, pp.27-32.
12. Hubbard (1999), Acquisition strategy and implementation, Macmillan Press LTD.
13. Ivancevich,J.M,&Matteson,M.T, (1987). Stress and work:A Managerial Perspective. New York:Scott,Foresman,6-8.
14. Karl Marx and Frederick engels, (1948). The Commnunist Manifesto (first published 1848).
15. Lin J. (2005). Antiviral therapy for Epstein-Barr Virus-associated diseases. Tzu Chi Med J. 17:1-10.
16. Lord, Michael D. & Annette L. Ranft. (2000). Organizational Learning about New International Markets: Exploring the Internal Transfer of Local Market Knowledge. Journal of International Business Studies, 31(4): 573-89.
17. Marks, M.L. and Mirvis, P.H. (1998), Joining Forces: Making One Plus One Equal Three in Mergers, Acquisitions, and Alliances, San Francisco. CA: Jossey-Bass.
18. Mirvis, P. H., Marks, M. L. & Mercer, W. M. (1992), The human side of merger planning: assessing and analyzing “fit”, Human Resource Planning, vol.15, iss.3, pp.69-92.
19. Ramaswamy, V. M., and R. Fernandez. 1997. The effectiveness of corporate restructuring: An analysis. Academy of Accounting and Financial Studies Journal 1 (2): 52-71.
20. Rensen, M. C. & Runback, R. S.. 1983. The market for corporate control:the scientific evidence. Journal of Financial Economics, 11 (April): 5-50.
21. Tavis M. J., Thornton J., Danet R. et al., (1978). A new composite skin prosthesis.
三、 網站部分
1. 公開資訊觀測站,取自:http://mops.twse.com.tw/index.htm
2. 由沙氏法案談我國會計監理制度. 薛明玲會計師的財經部落格,取自:Retrieved from http://www.alberthsueh.com/index.php?load=read&id=60.
3. Philip http://www.philips.com.tw/
4. 全國法規資料庫,取自:http://law.moj.gov.tw/index.aspx
5. 經濟部統計處,取自:http://2k3dmz2.moea.gov.tw/gnweb/Indicator/wFrmIndicator.aspx
|