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企业成长是一个由小到大,由弱到强的渐进过程,主要通过内部和外部两种途径实现成长的目标。从现代公司的成长来看,并购是一种重要而且普遍的成长方式。随着企业自身资本的积累、市场环境的变迁、技术的进步等企业内部环境和外部环境的改变,企业会相应地调整真成长目标,企业成长的过程就是成长目标不断调整并且得以实现的过程,企业通过内部途径和外部途径来完成这种调整。在这个过程中,如果只考虑外部途径中的并购形式,会发现企业的调整行为与并购形式之间存在着某种对应性。
Enterprise growth is a small to large, from weak to strong gradual process, mainly through internal and external ways to achieve the goal of growth. From the growth of modern companies, mergers and acquisitions is an important and common way of growth. With the accumulation of the enterprise's own capital, changes in the market environment, technological progress and other changes in the internal and external environment of the enterprise, the enterprise will adjust the true growth target accordingly. The process of the enterprise growth is the process of constantly adjusting and realizing the growth target, Enterprises through internal and external channels to complete this adjustment. In this process, if we only consider the M & A form in the external way, we find that there is some correspondence between the adjustment behavior of enterprises and the M & A form.