The Research On The Effect Of Technology Acquisition On The Enterprise Performance

These years, competition between enterprises depends more and more on the innovation capability. And the essence of innovation capability competition is how to create, possess, and effectively utilize knowledge and technology in the competition. Therefore, to make better use of existing knowledge and to acquire, absorb external knowledge are the keys to improve the innovation ability. Especially for high-tech industries, the technology is essential. One of the effective means of acquire external technology is the technology acquisition. How does the technology acquisitions influence the enterprise performance has become a very important issue.This article use both theoretical and practical perspectives on the technical analysis of the impact on the enterprise performance after the technology acquisition. By theoretical analysis, we know that enterprise can benefit from the technology acquisition, and the key is to get complementary advantages from each other. Through technology acquisitions, the large company obtains the small company’s unique technologies. From that, the big company can enhance their innovation performance, thereby affecting the development of products, and ultimately to change the financial performance. After the theoretical research, this paper compares two cases of the pharmaceutical industry. Through the analysis, it shows that the company gets benefit in three dimensions, technology, product and financial part. The acquisition affects technology capability of the enterprise, then the changes of the ability of technology has affect the ability of research new product. At last, the impact would be shown on the finance report. The conclusion is that the technology can improve the enterprise benefit, especially for the technology ability of the enterprise.The main innovation of this paper:First, most current researches are related to which factors affecting the success of technology acquisitions, and most of all are the empirical researches. The profit mechanism is less involved in the analysis of technology acquisition research. This paper use both comparative case study and theoretical research to explore the impact of the technology acquisition and its profit mechanism. On the other hand, the paper not only considered the finance dimension, but also considered technology and product dimensions to measure the enterprise benefit. From the three levels, we can give a more comprehensive sight to the profit making mechanism of technology acquisition.