為了追求企業永續性，高科技產業尋找各種方法來提升競爭優勢，特別是利用併購方式。傳統的財務績效衡量無法反映出整體組織策略，因此本研究應用資料包絡分析法結合平衡計分卡指標來驗證效率的變化，並採用無母數之魏克森符號等級檢定及麥氏生產力指數來分析生產力變動。研究結果證實併購是無法成為組織成長的短程工具，成功的併購需要企業根據相關事業之策略，認知如何整合適當的夥伴。

In pursuit of business sustainability, high-tech enterprises seek an approach that can improve their competitive advantages, especially through mergers and acquisitions (M&As). Traditional financial measures cannot assess the performance of this overall organizational strategy; this study uses a data envelopment analysis combined with balanced scorecard indicators to examine changes in efficiency. A non-parametric Wilcoxon signed-rank test and Malmquist productivity index also analyze productivity changes. The results confirm that M&As do not provide a means to short-circuit the process of organic growth. A successful M&A requires firms to recognize how to integrate appropriate partners within the strategy of the relevant business.