Savings that come from combining two companies — duplicated head offices, overlapping sales teams, a factory too many — rather than from selling more.
成本协同
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| $1bn | Why a chip designer paid $115 billion for a laser maker 成本协同 · 第 3 张术语卡 | More than $1 billion a year is promised. It is the part of the case that can be checked soonest, because it shows up as costs disappearing. 协同效应分两种:成本协同(省钱,较可靠)与收入协同(多卖,常常落空)。所以看并购,先看成本协同的绝对额,再看它占目标公司成本的比例——比例过高,就是画饼。还有一个反向指标:宣布时用得越多「协同」这个词,兑现时越容易改口叫「一次性重组费用」。 |