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论文编号：	1889
作者编号：	2120062308
上传时间：	2009/12/12 12:47:23
中文题目：	英国JC集团在华企业重组案例分析
英文题目：	The case study on business restructuring of JC Group in China
指导老师：	王全喜
中文关键字：	跨国公司、重组、收购、整合
英文关键字：	Multinational Corporation, Restructuring, Take-over, Integration
中文摘要：	自从加入WTO后，中国经济持续快速的发展和政策的日益透明化使中国成为全世界最具投资价值的地方之一。跨国公司对其原有在华企业重组的步伐也在加快，以提高其在华资源利用率，优化其全球价值链。2007年3月颁布的《中华人民共和国企业所得税法》和2009年4月发布的《关于企业重组业务企业所得税处理若干问题的通知》也在一定程度上推动了跨国公司重组其在华业务的进程。 根据中国政策的变化，跨国公司纷纷调整在华发展战略。英国JC集团从1987年开始以合资建厂的方式进入中国市场，经过一系列重要的重组活动包括增资、收购、剥离、整合，到2007年拥有了两家在华全资子公司并在中国机械密封行业占领10%的市场份额。从效果来看，JC集团增资、收购、剥离的行动都是成功的。但在整合JC中国区的过程中，JC集团管理层没有对整合过程给予充分的重视，导致整合过程困难重重、进展缓慢，整合后的业绩与整合前相比大幅下滑。因此，整合JC中国区业务从当前的数据看是失败的。 通过对JC集团重组在华企业案例分析，可以看到JC集团在重组在华企业过程中存在的问题、经验和启示，并得出以下结论：中国业务给跨国公司带来的投资回报与中国业务所受重视程度成正比；出于对中国环境的特殊性和重要性考虑，跨国公司不仅应该重视其重组在华企业时的决策阶段，更应该高度重视重组实施阶段；使用稳定的、高水平的管理团队实施重组；重组过程要迅速，以降低重组对公司的负面影响；即使在集团内部公司进行重组，也不要忽视文化整合的重要性。 上述仅是笔者个人观点，同时笔者也希望通过JC集团重组在华企业的案例分析给正在进行或即将进行的跨国公司在华企业重组提供一份有参考价值的资料。
英文摘要：	Following the development of Chinese Economic and many transparent policies released，China becomes one of the most attractive areas to foreign investors in the world. And Multinational Corporations are speeding to restructure their subsidiaries in china in order to improve efficiencies and optimize their Global Value Chains. Some policies released in recent years (including ‘The Law of the People’s Republic of China on Enterprise Income Tax’ released in Mar 2007 and ‘The notice of several questions about the corporate tax during the business restructuring’ released in Apr 2009) pushed Multinational Corporations to restructure business in China as well. Following the changes of Chinese Policies, Multinational Corporations adjust their developmental strategies in China correspondingly. Since JC Group set up one joint-venture and accessed to Chinese Market in 1987, JC Group had owned 2 subsidiaries and 10% market share in China by 2007 after a series of business restructurings including capital increment, take over, divestiture and integration. JC Group gained much from capital increment, take over and divestiture. However, worse performance proved the failure of the integration within JC China region because JC Group didn’t pay enough attentions on integration period. Some points are summarized after this case study as the following: 1) More attentions on China, more benefit from china. 2) Multinational Corporations should pay more attention not only on the decision-making stage but also on the integration stage in China. 3) Excellent and stable management team is an importance key to success business restructurings. 4) Quick restructuring can minimize the negative effect to performances. 5) Don’t ignore the culture integration even if it is an internal integration. The above items are some personal points from the writer. Meanwhile the writer wishes to provide some valuable references by this case study to Multinational Corporations, which are or will be restructuring their business in China.
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