在影响购并绩效的因素中，购并整合占据了重要的地位；而人力资源整合又是影响购并成败的关键。

One of the most important reasons for the failure of M&A is human resources integration.

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产业相关性与购并后整合绩效并不具有一致性。

Second, integration performance doesn't conform to the correlation between industries.

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人力资源整合；购并；竞争优势；人员勾通；文化整合；培训；激励。

Human resource integration; Merger; Competitive advantage; The personnel colludes with; Cultural integration; Training; Encourage.

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