The Evolution Mechanism Of Ambidextrous Innovation Under M&A Catch-Up Situation:the Perspective Of Intellectual Capital Integration

It is particularly important for Chinese enterprises to catch up with technology in a short time to occupy a favorable position in the increasingly fierce global competition.More and more latecomers are trying to achieve technology leapfrog through M&A,but many M&As fail to achieve the desired effect.Therefore,it is necessary to carry out research on the realization mechanism of M&A catch-up.Following the research framework of “capital integration-ambidextrous innovation-M&A performance”,this paper aims to uncover the black box of “M&A-Catch up”.It uses the exploratory single case research method and takes Shenyang Machine Tool’s M&A of Schiess as the research object,introduces the technology development process of Shenyang Machine Tool after the acquisition of Schiess,depicts the evolution process of ambidextrous innovation mode and the process of intellectual capital integration.This paper is divided into three parts.(1)The evolution path of ambidextrous innovation under the M&A catch-up situation.First,divides the technology catch-up stage.Second,discusses the characteristics of ambidextrous innovation evolution.Third,analyzes the breakthrough mechanism of “ambidextrous innovation evolution-catch up bottleneck”.(2)The process of intellectual capital integration.First,it analyzes the intellectual capital integration behavior of the three stages of M&A catch-up.Second,the paper discusses the integration paths of human capital,organizational capital and social capital under M&A catch-up situation.(3)The mechanism of “intellectual capital integration-ambidextrous innovation”.First,the paper researches the role of intellectual capital in ambidextrous innovation.Second,constructs the integration model of “ambidextrous innovation evolution based on the intellectual capital integration”.The results show that,(1)The M&A catch-up path evolves from “absorption and imitation-compositive and creation-dominant and leading”,and the ambidextrous innovation under the M&A catch-up situation presents the evolution path from “exploitation innovation-‘exploration innovation’-ambidextrous innovation”.(2)The intellectual capital integration undergone the evolution process of “human capital integration dominant-social capital integration dominant-organizational capital integration dominant”.(3)Intellectual capital integration exerts six effects to promote the ambidextrous innovation evolution.From the dynamic transmission perspective of “resource-behavior-performance”,this paper makes an in-depth analysis of the complex logic system of Chinese enterprises’ M&A catch-up.On the one hand,it can effectively resolve the deviation between the actual effect of M&A catch-up and the theoretical logic,which is a valuable attempt for the development of technology catch-up theory.On the other hand,it is also beneficial to further uncover the black box of the process of “M&A-catch up”,and the research based on the case of Chinese enterprises can draw conclusions that are more suitable for the local enterprises,also can more clearly understand and guide the M&A catch-up practice of Chinese enterprises in the current context.