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9.Horizontal mergers and acquisitions refer to mergers and acquisitions between enterprises in different links of the industrial value chain, which can integrate the upstream and downstream supply chain relationships of enterprises. For example, Taiwan's Hon Hai Precision Industry announced its acquisition of Japan's Sharp Company, which is a horizontal merger.
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8.The main way for enterprises to achieve external growth is through self-development and construction with their own funds.
7.The risks of strategic alliance include: inconsistent cooperation objectives, imperfect contracts, cultural conflicts and opportunist risks.
6.Strategic alliance is an important strategic choice for enterprises, so cooperation without property right investment cannot be called strategic alliance.
5.Restructuring is the contraction strategy of an enterprise and therefore does not belong to the category of strategic promotion.
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