Abstract: Taking the merger and reorganization of China Minmetals and China Metallurgical as the research object, this paper analyzes and summarizes the formation mechanism and innovation path of collaborative value creation of consolidated enterprises from the perspective of resource actions. After conducting a longitudinal case study of the collaborative value creation process of the merger and reorganization of China Minmetals and China Metallurgical, this paper further discusses how consolidated companies choose resources and action models according to their strategic positioning and organizational resource situation, then analyzes and summarizes the formation mechanism and innovation methods of collaborative value creation of consolidated enterprises under resource bricolage model and resource optimization mode. Results of the analysis show that strategic positioning and organizational resource context mutually affect resource actions in consolidated companies. Resorting mainly to resource bricolage and resource optimization to carry out merger and consolidation, companies respectively focuses on the absorptive integration based on internal development and facilitated integration of internal and external development, the realization mode of collaborative value creation undergoes the transformation from business leveraging to platform leveraging, and finally realizes the evolution from transactional collaborative value creation to integrated collaborative value creation.

Key words: merger and reorganization, collaborative value creation, resource actions, case study