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Merger and reorganization: a springboard for machine tool enterprises to achieve leapfrog development
All along, Chinese machine tool enterprises are generally in a state of unsound product line, low industrialization, inconsistent industrial chain, and insufficient independent research and development capabilities, which directly leads to the inability of China's machine tool industry to be competitive. Faced with the various conditions of the operation of the machine tool industry, some forward-looking companies in China have made strategic mergers and acquisitions decisions, and sought to shape the new pattern of China's machine tool rationality.
Among them, they have expanded overseas through large enterprise groups. In 2005, Shenyang Machine Tool acquired German Heath Company, reorganized Yunnan CY machine tool, and controlled Jiaoda Kunji; Dalian Machine Tool acquired American Ingersoll System Company and acquired the famous German Zimmerman Company in the field of large gantry boring and milling machining center. These two cases have been famous for their facts, because both the acquirers and the acquirers are well-known companies in China and internationally.
Of course, there are also a few mergers and reorganizations in some regions. For example, the Tianma Group has a heavy holding, and Qinchuan Machine Tool has reorganized Shaanxi Machine Tools. The protagonists in these cases ultimately achieved the expected expectations more or less, but there are also some problems. Professor Zhang Wei of Tongji University believes that the main performance is to focus on expanding production scale and capital operation. Considering the superposition effect of technology brands, it is difficult to form the expected complementary advantages and competitiveness.
"Twelve-five" hotspots need to "cold thinking"
During the “Twelfth Five-Year Plan†period, there will be a major trend change in the development of China's machine tool industry, with the development of science and technology as a means to modernization and high-end. According to the "China Business News" report, the "Support for Industry Mergers and Reorganizations" policy drafted by the Ministry of Industry and Information Technology has been reported to the State Council. The industry restructuring policy is called the ten major industry merger and reorganization policies. The government will support large enterprises from the three aspects of finance, finance, taxation and resource allocation. Mergers and acquisitions were carried out, among which the equipment manufacturing industry ranked first. The Ministry of Commerce also said that during the "Twelfth Five-Year Plan" period, China will grant certain tariff reductions to key import support areas such as strategic emerging industries and traditional equipment manufacturing industries. It can be seen that in the context of a sound global development environment, mergers and acquisitions will once again become a hot spot for enterprises. Many enterprises are also eager to try and prepare for the whole game.
However, in the context of the encouragement of national policies and the fact that the industry is extremely "turning over", mergers and acquisitions are not as imaginative as they are, and may even be in crisis. The problem is that mergers and acquisitions are not pure capital acquisitions, but expand production capacity. In this way, the company's independent brand development capabilities can be improved. Many companies are not deeply aware of this. After the merger and reorganization, they do not know how to integrate technology, scientifically allocate resources, and achieve self-digestion. Then, under the “Twelfth Five-Year Planâ€, how to make strategic decisions that are in line with the development of reality, effectively prevent blind follow-up or inadequate preparation and cause “merger sequelaeâ€, truly achieve “1 + 1 > 2â€, enterprises need "Cold thinking."
Professor Zhang pointed out that mergers and acquisitions is a long-term, dynamic and continuous process. At the height of market strategy and technological progress, there are three basic characteristics and success factors: at the best time; Core technology; focus on specific customer segments. We should avoid unrealistic, blindly follow the trend, prevent the hollowing out of technology, handle the integration of corporate culture, and put control into practice.
Based on the advancement and reorganization of the machine tool industry and the support of industrial policies, the Chinese machine tool industry will continue to replenish its strengths through mergers and acquisitions in the future. However, mergers and acquisitions are not a “shortcut†for the Chinese machine tool industry, but merely a “pathâ€.
Merger and reorganization of Chinese machine tool enterprises needs "cold thinking"
As we all know, the machine tool industry is the most important component of China's equipment manufacturing industry, shouldering the heavy responsibility of providing advanced basic equipment for the national economy and national defense industry. However, this industry is faced with the embarrassing fact that China, as a major machine tool producing country, is not doing “strong†at the same time as “bigâ€. In the face of fierce competition from foreign giants, domestically capable machine tool companies are trying to enhance their competitiveness in a variety of ways, including mergers and acquisitions.