小公司并购大企业--大象不能增值,吞并就是失败（Mergers and acquisitions of small businesses - big elephant can not add value; annexation is failure）.docVIP

小公司并购大企业--大象不能增值,吞并就是失败（Mergers and acquisitions of small businesses - big elephant can not add value; annexation is failure） TCL, Lenovo is just the vanguard of international market China enterprises turned against the future, there will be more and more enterprises embark on the international China journey will deducts more and more dazzling Tunxiang story. However, the huge swallow elephant, snake is for a very daring and high-risk nature of things, once their stomach operation is not good, indigestion is yes, even his own death. Like AOLs acquisition of Time Warner, the vast majority of snake swallows are in trouble because of severe indigestion. We can use a cost of holding concept to reflect the consequences of indigestion. Generally speaking, is snake swallow elephants have been in trouble, or serious losses, or debt, as Time Warner was acquired before 10 years of losses on more than $560 million, by the end of the 1999 fiscal year of the companys total debt for her to pay $1 billion 300 million in interest. If the snake annexation elephant is only in order to maximize the share of relatively cheap assets, you must consider to hold these assets, the process itself is a considerable cost, if not to swallow the elephant value, even because of lack of capacity and lead to substantial loss of your digestion. That soon after, to deduct the harvest results will become a hot potato, enterprises will become more difficult to continue. In other words, after ventured to binge eating a meal, snake enterprises not only to make the elephant with his body well integrated, and must help them to release more nutrients and energy, otherwise it means indigestion, this adventure is a failure. Therefore, in order to complete the truly successful Tunxiang, in order to achieve the elephant value, the enterprise must try to smooth the stomach, increase digestion, so the effective prescription of four kinds of digestive problems are common is particularly critical. Question 1: how t