1. M&A. That is, acquisition, merger and merger. Acquisition refers to the commercial behavior that an enterprise obtains part of the equity of other enterprises by means of purchase and stock exchange, so as to master its operational control. Merger refers to the act of merging two or more enterprises into a new enterprise in some way. Merger means that an enterprise absorbs one or more enterprises, the former still retains its legal person status and enterprise characteristics, and the latter loses its legal person status and only exists as a part of the former.
There are two main ways to realize general mergers and acquisitions: one is acquisition, that is, purchasing part of the resources and assets of the acquired party, and its independent legal person status can continue to be maintained; The other is merger, that is, two or more enterprises merge or one enterprise gains control of other enterprises. Furthermore, it is subdivided into absorption and merger: it means that after an enterprise obtains the absorption and merger of other enterprises by paying cash, only the merging party still maintains its original legal status. Statement: Company A+Company B = Company A. Then there is the creation and merger: two or more enterprises jointly set up a new enterprise. After the merger, all the original enterprises lost their legal personality, and the newly established enterprises engaged in production and business activities.
2. Alliance (also called cooperation). Refers to the common actions taken by two or more enterprises to achieve the same strategic goal, mutual cooperation, risk sharing and benefit sharing. Alliances generally improve their competitive advantages by exchanging resources or services, and alliance enterprises still maintain legal and economic independence. The operation forms of alliance mainly include equity alliance and agreement. Equity alliance: first, through equity joint venture; The second is to realize the alliance in some fields or aspects through minority equity investment (strategic investment). The agreement is to realize the cooperative operation in a certain field or aspect by means of agreement, such as technology, research and development, marketing, capital and management.
3. Internal development (also called new investment). In short, make use of the advantages of internal resources and conditions, especially relying on the advantages of capital resources, to make up for the lack of resources in the process of enterprise expansion, that is, rely on their own strength to promote the further development of enterprises.