联想对ibm pc部门的并购和整合的分析------毕业论文

2008届本科毕业论文（设计）论文题目联想对IBMPC部门的并购和整合的分析学生姓名所在学院电子商务学院专业财务管理学号指导教师成绩2008年4月XXXA1A0A2A3A4A5A6A7A9A10A8A12A13A11A14IBMPCA16A15A17A18A19A20A21A22A17A23A24A262A27A2843A27XXX大学本科毕业论文（设计）原创性及知识产权声明本人郑重声明所呈交的毕业论文（设计）是本人在导师的指导下取得的成果。对本论文（设计）的研究做出重要贡献的个人和集体，均已在文中以明确方式标明。因本毕业论文（设计）引起的法律结果完全由本人承担。本毕业论文（设计）成果归XXX大学所有。特此声明。毕业论文（设计）作者签名作者专业财务管理作者学号年月日XXXA1A0A2A3A4A5A6A7A9A10A8A12A13A11A14IBMPCA16A15A17A18A19A20A21A22A17A23A24A263A27A2843A27XXX大学本科学生毕业论文（设计）开题报告表A25A29A30A31A32A33A34A35A36A37A38A39A40A41A42A43A44A45A46A47A48A49A50A51A46A52A53A25A29A30A31A32A33A54A55A56A57A25A29A30A31A32A33A58A59A60A61A62A63A64A65A66A67A68A34A66A69A70A71A72A73A74A75A76A77A78A79A80A81A82A77A78A80A81A83A84A85A86A87A88A89A90A91A92A93A71A94A47A95A96A48A97A98A99A100A101A102A103A98A104A105A105A106A107A108A106A109A110A104A102A111A112A113A114A115A116A117A118A119A89A90A93A71A96A48A95A94A47A120A51A47A95A96A48A121A54A122A46A93A71A123A124A97A98A125A126A127A128A66A129A101A102A103A98A104A105A105A130A107A108A130A109A110A104A102A111A131A132A116A88A119A89A90A133A134A135A136A137A95A138A55A50A51A139A140A97A98A116A141A127A128A101A102A103A98A142A108A108A143A107A108A104A109A110A104A102A112A113A114A144A145A146A147A148A147A149A150A40A151A152A146A153A154A155A41A152A156A153A154A147A157A43A150A144A153A151A153A154A151A158A159A119A89A90A149A152A148A154A156A152A154A157A41A154A148A154A146A147A155A147A148A159A89A160A153A147A161A151A162A154A148A158A42A151A154A156A159A152A156A147A30A160A147A148A159A153A144A158A152A159A152A161A148A33A163A164A165A66A101A102A103A166A167A168A142A108A108A130A89A93A71A96A48A49A169A170A171A172A62A63A98A90A173A139A174A175A97A98A142A108A108A107A110A176A177A178A179A180A80A179A180A83A181A182A36A37A183A184A38A39A40A41A185A186A187A188A189A71A44A46A47A48A49A50A51A46A52A53A98A190A191A192A193A194A195A196A197A198A199A200A201A202A203A204A205A206A207A208A209A203A204A210A211A202A212A199A213A214A215A216A217A218A219A220A221A222A223A224A213A195A196A224A225A226A227A228A229A225A230A231A228A229A232A233A234A235A236A237A238A239A225A240A241A242A243A244A225A245A246A247A248A225A249A250A232A251A216A252A253A254A255A213A131A0A225A35A1A2A192A3A213A4A5A190A6A7A223A8A9A10A213A11A12A225A35A13A14A190A10A192A9A15A213A16A17A18A19A20A218A21A22A221A222A168A23A24A25A26A207A27A28A29A148A30A243A31A32A204A33A34A225A211A36A37A38A39A40A237A41A8A42A43A44A45A218A218A46A191A192A201A202A203A204A8A47A221A47A252A225A8A210A211A202A212A199A213A198A48A49A50A213A213A51A8A20A218A208A161A225A227A52A53A234A213A26A207A54A52A229A9A225A229A55A42A43A168A23A24A25A44A27A28A29A148A30A243A31A32A204A33A213A26A207A56A54A52A225A227A52A208A211A36A57A58A56A202A212A199A230A231A225A242A178A148A198A59A190A60A192A236A202A26A207A44A203A204A47A221A47A252A213A220A35A56A61A62A218A63A64A65A66A64A65A221A240A241A144A67A213A42A43A225A241A68A69A205A191A70A30A71A72A73A213A74A75A193A194A195A196A197A198A199A200A203A204A202A212A199A216A217A213A76A77A49A252A11A12A218A253A68A237A78A205A79A205A80A81A236A202A26A207A82A83A84A195A236A202A26A207A213A203A204A39A85A86A75A225A3A87A208A236A202A26A207A56A26A207A34A234A88A89A90A91A205A59A44A54A52A198A59A213A198A48A56A76A77A218A92A68A93A161A94A95A26A39A96A97A98A213A99A204A235A236A100A101A218A102A103A221A42A237A92A148A33A42A104A241A33A42A105A106A107A236A202A26A207A56A54A52A198A59A213A238A144A229A9A235A236A218A104A253A33A42A105A229A55A42A43A168A23A24A25A44A27A28A29A148A30A243A31A32A204A33A213A26A207A56A54A52A57A58A225A108A109A227A52A208A211A36A56A202A212A199A230A231A225A242A73A148A198A59A190A60A192A236A202A26A207A56A52A229A213A54A52A44A90A91A202A212A199A110A111A213A112A113A218A104A92A33A42A114A168A23A44A27A28A29A115A116A33A117A213A26A207A56A54A52A118A201A202A203A204A213A202A212A199A216A217A213A119A227A56A120A121A218A122A123A124A65A125A126A127A128A123A124A125A126A127A128A2212006A12912A1301A132A105A133A134A135A12A245A1362006A12912A13030A132A105A133A134A67A137A138A7A139A140A140A141A129A142A130A143A142A132A194A105A133A134A145A204A9A67A146A1472007A1294A13020A132A194A105A9A67A149A150A124A65A151A152A152A153A153A154A155A156A157A158A159A160A162A163A164A165A163A164A221A218A46A97A98A213A99A204A166A68A226A227A228A229A225A205A99A204A235A236A167A169A170A252A213A171A172A225A26A173A233A170A73A234A88A168A23A24A25A26A207A27A28A29A148A30A243A31A32A204A33A213A254A255A56A19A174A18A85A86A75A218A208A161A225A97A98A175A176A134A237A168A23A19A174A177A179A180A181A182A183A233A184A90A91A213A241A185A225A26A186A187A27A28A29A148A30A243A31A197A198A85A188A168A198A59A213A204A227A225A192A129A139A130A189A176A190A191A17A95A225A223A222A44A168A23A44A27A28A29A148A30A243A31A32A204A33A213A26A207A56A54A52A222A193A194A195A196A197A199A200A201A202A203A204A205A206A207A195A208A209A196A197A210A201A212A213A214A215A216A217A219A223A224A225A226A242A209A201A228A230A201A231A232A233A228A222A234A226A242A235A237A201A238A239A240A243A244A245A246A204A247A196A197A248A249A201A250A251A204A254A255A209A196A197A210A201A78A0A224A233A228A80A230A81A7A86A30A143A86XXXA1A2A3A4A5A6A8A9A10A11A12A13A14A15A16IBMPCA17A18A19A20A21A22A23A24A19A25A26A274A28A2943A28摘要随着我国经济的迅速发展，伴随经济全球化的加剧，我国越来越多的企业参与到国际竞争，并踏上了国际化的道路。2004年12月8日，联想集团宣布以125亿G13666G1815并G17153G44G37G48G51G38G18108G19388。G17837G7092G11109是中国企业G17220G2533国际化的G980个G1868G3423。联想G18331取的G17340国并G17153的方式G4466G10628G1866国际化，并G17902G17819并G17153G6984G2524G4466G10628G7044G1856G2508的G6124G11065发展。本文G4593G16809G1186企业的G16282G16294G16278G4531G17340国并G17153和G6984G2524的G19394G20076，G17902G17819理论联G13007G4466际，以联想集团G17340国并G17153G44G37G48G51G38G18108G19388以G2462并G17153G2530G7044G1856G2508的G6984G2524G1038G1039G13459，G17902G17819G19428G17860G17340国并G17153和G6984G2524的G11468G1863理论，结G2524G5415G2081G44G55G5430式和G7044联想的发展，G9157G1849G2010G7524了联想集团G17340国并G17153的G13984G7235G451G2172因G451结果，以G2462本G8437G17340国并G17153的G5859G1053，并G1000对联想G17340国并G17153G2530的G6984G2524作了G17839G980G8505的G2010G7524。G2159G8726G17828G11004G11468G1863G11705G16794，对我国G2375G4570G256G17220出G2447G257的企业的G17340国并G17153和G6984G2524G980G1135参G13783和G2563G12046。关键词G17340国并G17153并G17153G6984G2524联想并G17153G44G37G48G51G38G18108G19388XXXA31A32A33A34A35A36A37A38A39A40A41A42A43A44A45IBMPCA46A47A48A49A50A51A52A53A48A54A55A565A57A5843A57ABSTRACTACCOMPANIEDBYTHERAPIDDEVELOPMENTSOFCHINASECONOMYANDECONOMICGLOBALIZATION,MOREANDMORECHINESEENTERPRISESHADTOPARTICIPATEININTERNATIONALCOMPETITION,ANDWILLACHIEVETHETARGETOFTHEINTERNATIONALOPERATIONINTHEFUTUREDECEMBER8,2004,LENOVOGROUPANNOUNCEDTHATITHADSPENT125BILLIONUSDOLLARSTOACQUIREIBMPCDEPARTMENTTHISISATYPICALCASEABOUTTHEINTERNATIONALCOMPETITIONOFCHINESEENTERPRISESDEPENDINGONTRANSNATIONALMERGERS,LENOVOACHIEVEDITSINTERNATIONALWAY,ANDCAMETRUETHENEWCOMPANYSSTRATEGICDEVELOPMENTIWILLATTEMPTTOSTUDYTHETRANSNATIONALMERGERANDINTEGRATIONFROMTHEPERSPECTIVESOFTHEENTERPRISEINTHISESSAYLINKINGTHEORYWITHPRACTICEANDTHECASETHATLENOVOTOOKOVERIBMPCDEPARTMENTARETHEMAINLINEINTHISTEXTATTHESAMETIME,INTHEPAPER,IEXPLAINEDTHERELEVANTTHEORYOFTHETRANSNATIONALMERGERANDINTEGRATION,ANDINDEPTHANALYZEDTHETRANSNATIONALMERGERSANDACQUISITIONSBACKGROUND,CAUSES,RESULTS,ANDTHESIGNIFICANCEOFTHELENOVOGROUPINADDITION,IFURTHERANALYZEDTHEFUTUREOFMERGERSANDACQUISITIONSFORLENOVOINAWORD,IHOPETHISPAPERWILLGIVESOMEREFERENCESANDINSPIRATIONSTOCHINESEENTERPRISEABOUT“GOINGOUT”,ESPECIALLYINTRANSNATIONALMERGERS,ACQUISITIONSANDINTEGRATINGKEYWORDSCROSSG713BORDERMERGERSACQUISITION，POSTMERGERSINTEGRATION，LENOVOSACQUISITIONOFIBMPCDEPARTMENTXXXA31A32A33A34A35A36A37A38A39A40A41A42A43A44A45IBMPCA46A47A48A49A50A51A52A53A48A54A55A566A57A5843A57目录A241A82A153A59A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A72A60A241A61A82A62A63A64A83A657A60A253A61A82A62A63A64A85A64A66A67A688A60A69A61A82A62A63A70A71A66A73A74A87A758A60A89A61A82A76A77A64A79A848A253A82A88A90A91A92A93A94A95A96A97A98A64A99A100A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A101A60A241A61A82A236A102A99A100A103A769A104A82A236A102A99A100A64A105A1069A108A82A236A102A99A100A64A107A10910A110A82A236A102A99A100A64A70A11111A60A253A61A82A88A90A112A113A105A23212A60A69A61A82A92A93A94A95A96A97A98A105A23213A60A89A61A82A99A100A107A109A114A11513A104A82A88A90A70A11713A108A82A92A93A94A70A11716A60A118A61A82A99A100A119A120A121A114A11516A104A82A99A100A119A12016A108A82A99A100A119A120A114A11517A69A82A88A90A91A92A93A94A95A96A97A98A64A122A123A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A104A124A60A241A61A82A122A123A103A7618A60A253A61A82A88A90A99A100A92A93A94A95A96A97A98A125A117A126A64A127A12819A104A82A129A130A127A12819A108A82A131A129A130A127A12820A60A69A61A82A99A100A122A123A87A7522A104A82A132A133A64A122A12322A108A82A136A134A119A135A64A122A12323A110A82A137A138A139A64A122A12323A140A82A141A142A77A144A64A122A12324A145A82A161A146A70A117A64A122A12325A60A89A61A82A122A123A147A12026A89A82A148A119A227A149A150A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A108A151A60A241A61A82A148A11926A60A253A61A82A149A15027A104A82A236A102A99A100A152A141A142A154A102A155A144A64A156A25127A108A82A157A158A99A100A159A160A162A163A164A165A74A64A166A16728A110A82A168A169A70A111A222A170A102A155A144A99A100A171A17228A140A82A173A174A99A100A125A64A122A12328A175A176A177A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A116A1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004下，G17902G17819产G7447交G7143G17728G12239企业所有G7447的方式，G4570G980个G6122多个企业的全G18108G6122G18108G2010产G7447G17728归G2490G980个企业所有。企业收G17153ACQUISITIONORTAKEOVER，G2029是G2345指G980个企业经由收G1092G13941G12092G6122G13941份等方式，取得G2490G980个G6122多个企业的G6523G2058G7447G6122管理G7447。在G5468多G5785G1929下，国际上G1076G5827G4570兼并和收G17153G2524在G980起使G11004，G12228G1038企业并G17153。G17340国并G17153是企业并G17153的G980G12193特G8542G5430式。G17340国并G17153（CROSSG713BORDERMG706A）是由企业国G1881并G17153引G11015G13792来的，是G17340国兼并G451收G17153和联G2524的G5647G12228。XXXA246A247A248A250A252A254A255A1A221A223A224A225A226A228A229IBMPCA230A231A233A234A235A237A238A239A233A240A242A24310A244A24543A244是G980国企业出G1122G7588G12193目的，G17902G17819G980定的G9204道G451G6175G8585和方式，对G2490G980国企业的G6984个G17176产G6122G17287以G15904使经营G7447的G17176产份G20081G17839G15904G17153G1092G6122G4466G15904G6523G2058的G15904G1038。联想对IBMPCG18108G19388的并G17153G4613G4658G1122G17340国并G17153。2G451G17340国并G17153的G2172因（1）G451企业G6124G11065发展的G19668要企业的G6124G11065G2172因对企业的G10995G4396和发展是G14279G1863重要的。兼并G2029G2499以G13485企业G13501效G5114来增长，G13792G17340国并G17153更G13485企业发展壮大在更大G14551G3272G1881G5114来了G7044的G2499G14033性。（G32821）G6984理G2027出了G1856G2508多G12193G6124G11065发展G19668要。A1201A10A0A20A2A3A4A5A85A6（2）G451G17873G8726G2339G2528效G5224。G2339G2528效G5224是指并G17153G2530企业的竞争G2159增强，使G2524并G2530企业业G13501G8616G1016个G1856G2508G10432G12447G4396在G7114G20056期业G13501要高，G2375112的G5430式。G2339G2528效G5224G1039要是源G1122G980是G14551G3272经济（SCOPEECONOMY），G2375由G1122G10995产G451经营等的多G7691化G13792使G5191均G2010G6686成本G451G17165G11004等支出得以有效降低，G1186G13792G13485企业G5114来G20081G3818G2045益G727二XXXA246A247A248A250A252A254A255A1A221A223A224A225A226A228A229IBMPCA230A231A233A234A235A237A238A239A233A240A242A24311A244A24543A244是G16280G8181经济（SCALEECONOMY），G2375G2524并G2530产G2709G2345位成本随着G18331G17153G451G10995产G451营G19156等G16280G8181的G6205大G13792G10995产G727G989是G8981程G451业务G451结G7512的优化和重G13464，G2375G1955G4581重G3809G4715位G451重G3809的设G3803G451G2390G6163等G13792导G14280的G14422G11477G727G3247是财务G2339G2528效G5224。企业的并G17153和有效的G6984G2524G2499以G4570并G17153双方的成本优势发G6393出来，G14422G13434成本，G4466G10628财务G2339G2528效G5224。G1128是优势G17176源G1126G15929的G2339G2528，使并G17153企业G19400根G6466各自的优势来G1126G11468弥G15929，G1186G13792增强企业的G6984体竞争G2159。如产G2709G451技术和G2709牌方G19766的优势G1126G15929。3G451G17340国并G17153的方式（1）G451G8190G2533G17340国并G17153G451G13449G2533G17340国并G17153和G9163G2524G17340国并G17153按G17340国并G17153双方的G15904业G1863G13007，G17340国并G17153G2499以G2010G1038G8190G2533G17340国并G17153G451G13449G2533G17340国并G17153和G9163G2524G17340国并G17153。G8190G2533G17340国并G17153是指G1016个以上国G4490G10995产G6122G19156售G11468G2528G6122G11468似产G2709的企业之G19400的并G17153。G1866目的是G6205大G1002界G5078G3342的份G20081，增强企业的国际竞争G2159，直G14279获得G1002界垄G7041地位，以攫取高G20081垄G7041G2045润。在G8190G2533G17340国并G17153中，由G1122并G17153双方有G11468G2528的G15904业G13984G7235和经G2394，所以G8616较G4493G7143G4466G10628并G17153G6984G2524。G8190G2533G17340国并G17153是G17340国并G17153中经G5132G18331G11004的G5430式。G13449G2533G17340国并G17153是指G1016个以上国G4490处G1122G10995产G2528G980G6122G11468似产G2709但G2460处G1122G9