Continuous Mergers And Acquisitions And LongBai Group Enterprise Growth

With the improvement of the people’s consumption level and the market needs brought by the rapid development of the city,the private economy has stepped into the fast lane of rapid development.However,due to the lack of resource endowment,most of the private enterprises with connotative development,the later development growth rate slows slow,approaching the bottleneck,thus the subsequent development is weak.In the current era,there are two development paths of private enterprises,which are connotative growth and extension growth.Connotation growth mostly appears in the early stage of the development of private enterprises.Penrose once proposed the "internal resource growth theory" that the key to determine the ability of an enterprise lies in the resources of the enterprise itself.Extended growth,as the name suggests,is the means for enterprises to seek development outward,and typical enterprises have commercial means such as outward merger and joint venture.The obvious feature of the extension growth is the large-scale expansion,through a series of acquisitions and mergers and other behaviors to expand the enterprise’s own assets,so as to achieve the expansion of the enterprise scale,improve the market share,and promote the sustainable development of the enterprise.Based on the continuous mergers and acquisitions events of Longbai Group from2016 to 2020,this paper takes organizational resilience as the analysis path,studies how continuous mergers and acquisitions affect the growth of enterprises,and confirms its growth through core competence,market power and other theories.The study found that Dongbai Group puts forward appropriate strategies to identify difficulties in different life cycle stages,obtains resource breakthroughs through appropriate merger strategies,makes timely adjustments to the organizational structure after merger,and improves the organizational resilience from three hard capabilities of "strategy-resource-architecture";meanwhile,it actively improves the organizational soft capabilities of social relations and social responsibility,and jointly promotes the growth of Dongbai Group under the combination of soft and hard capabilities.Research results show that dragon hundred group in the future development still adhere to solve the current predicament as the guidance of the long-term development strategy stage goal setting,choose the right way actively resources and architecture optimization,at the same time constantly to fulfill social responsibility,maintain social relations,will reduce the risk of enterprise management,improve the organization toughness,further promote enterprise growth.This paper expands the discussion on the path between continuous merger and enterprise growth,and provides suggestions for the future development of Dongbai Group and private enterprises,enriches the research of organizational resilience,and provides ideas for the research of organizational resilience in daily business activities.