Only when the firm possesses certain heterogeneous core knowledge and competence can it obtain monopoly position in the factor markets and gain super profit that exceeds the average profit.

企业只有具备某种异质性的核心知识和能力，这样才能拥有要素市场上的垄断地位，获得超过平均利润的超额利润。

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The first part analyses the character, situation and structure of the electronic information industry, and believes that the core competence decides an enterprises' competitive position.

文章第一部分分析了电子信息产业的特点、现状和结构，认为企业核心竞争力决定了电子信息企业在行业竞争中的地位。

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This dissertation stands in the position of enterprise and studies the choice of target company in M&A by means of core competence in microcosmic angle.

本文主要站在微观角度，以核心能力为分析工具，从企业层面出发来研究企业并购中目标企业的选择问题。

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