Gan as "part"

What is a "part" company? This means that the company alone is difficult to survive, but the combination with other companies will have a significant synergistic effect.　　The company's value is to profit, but the "parts" of the company itself can not survive alone, whether there is the value of existence? The development of the industry is generally from "horizontal" to "vertical", the portal site is a typical example. Early Internet search content is very inconvenient, the portal to meet this requirement. Development to a certain stage, the portal to find their own various plates will be replaced by the past, now people look for work to "Zhaopin" and "worry." The portal today, though still called the portal, is actually one of the few vertical collections. such as: Sina's news features more and more vivid, the car channel is also good, but many channels have been perpendicular to the site, such as booking, booking the billion dragon and Ctrip has been significantly exceeded.　　This is a typical case that specialization division is more and more fine. Much of the work in the company's organization is gradually outsourced. In the past, in the state-owned enterprises, kindergartens, secondary schools have to do their own, now I am afraid this situation is very small. IT outsourcing, security outsourcing, lunch also outsourced, accounting can also be outsourced, all non-core things are outsourced, the company only to do their own most expertise. Even the company's main business, companies tend to outsource some aspects of the industry chain, such as the production of PC computer companies, CPUs are Intel and AMD, the operating system is Microsoft. The original PC manufacturers also produced their own PCs, and now many computers are produced on behalf of the factory. Even, design is ODM (design outsourcing), advertising to 4 a company.　　Oneself only do best at, specialization division of labor is very popular. Large companies are often less motivated to develop new products. There are three main situations: first, vested interests are unwilling to break the pattern, such as telecoms companies and IP telephony; second, innovation can fail, companies are expensive; third, innovation often requires entrepreneurship. In the final analysis, big companies are often less economical.　　But startups have an advantage: first, there is no baggage, the organization is simple; second, entrepreneurs are responsible for their own success or failure; Finally, entrepreneurs are often experts in one area. Some Silicon Valley semiconductor companies only sell IP (intellectual property), the entire company is composed of IP. Trading is IP, this is a typical part of the company. Myace sold to News Corp is an example, domestic chinaren sold to Sohu is also an example. In fact, many communities in the United States are not very profitable, but still very active, should belong to such companies, such as LinkedIn, Friendster and so on. "Parts" of the company's characteristics is that they can not profit or profit scale is not economic, but with the combination of other companies to produce synergies, so mergers and acquisitions is the only way. For example, a community may be active, but how to make money? Advertising can be sold, but it is not easy to organize ad sales teams. It is also possible to outsource advertising to other companies to see if they can find the right outsourcing target. Finally, it may be best to sell the company to other companies.　　Why did the acquirer buy such a company? Why don't you do it yourself? In terms of capital, when such companies are merged, the acquirer's price often considers its replacement cost, which is the cost of doing it again. In terms of time costs, it may take some time if the buy-out firms do it themselves. Time is money and leaves a chance for competitors. In path dependencies, the risk of not being reset or reset is high, for example, a community can be built if it is not spent. After the acquisition of the proceeds, mergers and acquisitions will soon generate profits, if they do will lose time, thus losing revenue.　　In fact, these are the important conditions for the "parts" company to become the acquisition object. China's emergence of "parts" of the company's opportunities in the gradual formation, first of all, China's High-tech listed companies are increasing, that is, demand is increasing. Second, purchasing power is increasing. The original listed companies are more than 1 billion U.S. dollars, and now Ctrip, Tencent, Baidu, Sina is billions of of the market value.　　Again, entrepreneurial activity, the Division of labor more and more fine. "Part" type company is the product of division of labor and outsourcing thought, and has the value of existence. The environment in which China produces the type of "parts" company is gradually maturing. Gan as "parts" of the start-up companies will increase, resulting in more active mergers and acquisitions. Look at your own company is not a "part" of the company, I hope you find the appropriate "engine" in time to load up.