頁籤選單縮合
題 名 | Strategic Issues Relating to Corporate Mergers and Acquisitions for Small and Medium Companies: A Thoughtful Analysis from the Viewpoint of Challenges of Changes |
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作 者 | Raquib, Abdur; Musif, Pauzi Bin; Mohamed, Musthafa Bin; | 書刊名 | Asia Pacific Management Review |
卷 期 | 8:1 2003.03[民92.03] |
頁 次 | 頁99-111 |
分類號 | 546 |
關鍵詞 | |
語 文 | 英文(English) |
英文摘要 | The challenges in the new millennium appears to be threatening to many small and medium scale businesses due to accelerated competition and abrupt changes in the business compositions. From the late of the last century to this new millennium technological changes have made a legendary revolution that influenced and reshaped the entire global business. Changes are very abrupt, unpredictable and surprising in nature as the large companies have been moving with very stronger strategic plans. Product life cycles have become sizably shorter than before just to beat the competition. As a result small and medium scale companies seem to be in a very intricate situation as they lack adequate resources to back up the continuous need for research and innovation. At this point, making synergy by way of appropriate mergers and acquisitions might produce sustainable results for them. Although terms 'mergers and acquisitions' are used sometimes as synonymy for each other, however they have slight variation in interpretations. Shapiro and Babirer (2000) stated, acquisition means "the purchase of one firm by another" and "merger means an agreement between the boards of directors of two companies to combine". While there may be agreements between more than two companies to turn into one, may be called a 'mega-merger. It can be logically argued that grouping among the companies through mergers or acquisition can provide them with stronger economic and strategic power to move in line with the fierce competition. |
本系統中英文摘要資訊取自各篇刊載內容。