Study On Cultural Integration For Chinese Enterprises In International M&A

Merger and acquisition, in short M&A, is an important way for Chinese enterprises to expedite their process of going global. However, the accomplish of the deal of M&A is not equal to the end success. A large amount of statistics indicates that unsuccessful cultural integration is the main reason for a failed M&A.This dissertation combines general theory of M&A integration and the practical condition in Chinese enterprises, while emphasizing the importance of cultural integration after international M&A about Chinese enterprises. At first, this dissertation simply reviews the researches of cultural integration after M&A domestic and abroad. Next, it summarizes the theories of corporate culture and cross-cultural integration. Then, this dissertation analyzes traits of domestic enterprises international M&A, the cultural differences and conflicts, as well as three problems that Chinese enterprises facing in the process of cross-cultural integration. Based on the analysis above, with regard to Chinese enterprises, this dissertation puts forward a few suggestions on the cultural integration strategies of international M&A, which including the basic principles of cultural integration of international M&A, the chosen of international M&A cultural integration model, and the different cultural integration strategies based on different stages. Finally, the examples of Lenovo and TCL, which adopt different measures in the process cultural integration after international M&A, are analyzed.There are two innovations in this dissertation. The first one is that basing on the summarizes of the cultural integration modes in common use after international M&A, it brings forward the gradual cultural integration mode applied by Chinese enterprises after international M&A at present. The second one is combining the model of CBF, it refers to different cultural integration strategies at different stages.