Managing the Strategic Dynamics of Acquisition Integration: Lessons from HP and Compaq
提出一个概念框架，将收购整合过程分解为四个顺序且共同演化的子过程，并通过惠普-康柏合并案例，分析了在快速变化的竞争环境中管理整合战略动态的挑战。
This article presents a conceptual framework that decomposes the overall acquisition integration process into four sequential and co-evolving processes: formulating the integration logic and performance goals; establishing the integration planning approach; executing operational integration; and executing strategic integration. Managing the strategic dynamics of acquisition integration in fast changing competitive environments, requires attention to all four processes and the feedback loops between them. An analysis of the HP-Compaq merger, however, suggests that creating a strong feedback loop between the operational integration process and the process of formulating the integration logic and performance goals is difficult. At the same time, it is needed to maintain sustained top management attention to the remaining longer-term operational integration tasks and to the multi-year strategic activities necessary to meet the dynamic competitive challenges.