Further Reviewing On The Strategy Of Lenovo Group Acquiring IBM's PCD

The multinational M&A is gradually prevailing in the enterprise of our country. We are surprised to find that Lenovo's Merging with IBM's PCD event giving rise to a big bang in the business circle. To some degree, it shows that people still lack of the effective appraisal standard and correct analyzing method on studying the M&A cases. This is the very problem that the article wants to solve. Based on the target of changing people's unwise attitude on evaluating Lenovo group's case of merging with IBM's PCD, the thesis put forward that a correct analyzing method is needed on M&A case studying. The article adopted the demonstration model of analysis ——composed of theory and case, with the guidance role of theory on M&A as well as strategy management, trying to explore a set of effective analyzing method and general principle on M&A case studying through the deep thinking on case of Lenovo group acquiring IBM's PCD. First,this paper introduced the concepts and general theories on Merger& Acquisition (including motive theory and risk theory on M&A). And then,based on the background of case of Lenovo group acquiring IBM's PCD, it gives a systemic anatomy on the opportunities and challenges of the case according to the motive theory and risk theory. In succession of that,the article proceed to have a comparing, analyzing and synthesizing work on the case after preliminary collecting and trimming work on the viewpoint from party members, employees of both side, distributions, competitors, financial circle, academia as well as expertise, to display the unilateralism and unscientific trait of non-systemic analysis method. Finally,a set of effective ways and principles on analyzing the M&A case, which based on the systemic anatomy of motive theory and risk theory——consist of two step, is promoted tentatively.