Brand integration system is a complex adaptive system in which the process of brand integration after enterprises merging and acquisition is promoted in a complicated and changeable environment.

企业并购后的品牌整合是在复杂多变的环境中进行的，品牌整合系统是一个复杂适应系统。

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The cultural conflicts existing in the merging process of enterprises are embodied as value view, managing idea and managing style.

企业并购过程中存在着文化冲突，具体表现在价值观念、经营理念、管理风格方面。

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Nowadays, Management Buy-out (MBO) is a kind of quite controversial enterprises' merging and acquisition way in China.

管理层收购(mbo)是我国目前是颇具争议的一种企业并购方式。

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