A Study On The Venture Philanthropy Of Domestic Social Enterprise

In2008, the British council entrusted Non-profit incubator (NPI) to conduct a survey study of China’s social enterprise, and the completion of a research report. The report found that the Chinese social enterprise widespread the problem is a shortage of funds, lack of operational management skills, can’t be sustainable development. Venture philanthropy is becoming popular; this is a very good sign. However, the social enterprise in activities funding sources, the biggest problem facing a serious lack of professional enterprise operations management skills, can’t achieve sustainable development of social enterprises. Most social entrepreneurs are relying on a cavity blood, as well as a good innovation in the operation of social enterprises, but alone are not enough, business management is a science, and systems engineering, with the development of social enterprises simple, line-management can not meet the growing demand. Thus, financial assistance, venture philanthropy funding sources, the development of social enterprises also need professional management skills, in order to achieve the sustainable development of the social enterprise, reflects the social value of social enterprise. After the management of the investment in the field of commercial enterprises, commercial enterprises, the primary goal are to maximize shareholder value, and maximize profits. Social Enterprise social enterprise established mission has double value judgment standard, the first is to maximize the social objectives, then is the profit the most demand. The fundamental characteristics of lead can’t copy commercial enterprise investment management theory and methods, must establish a set of social enterprise investment management theory and methods. The existing venture philanthropy main means of capital investments often overlooked investment management.In this paper, a review of the research at home and abroad to establish a suitable domestic social enterprise venture philanthropy and investment management theory. Data analysis and interviews Case30social enterprises, social enterprises and then select three typical case analysis, analysis of their successful experience and lessons of failure. Combined with the results of the above analysis, the introduction of venture philanthropy and investment management theory in the development of social enterprises summed up the present stage, to accelerate the development of domestic social enterprise theory.The first chapter is the introduction. This article discusses the research background, research significance, clear ideas and content of this research, a review of domestic and foreign research. In the UK, the emphasis on social enterprise as the third sector to assist the government to achieve a fair idea of the social make up of the market and the government’s failure. In Europe, tend to emphasize the "Community Total", and "privately owned" distinction. In North America, it is emphasized that the realization of the social value of social enterprise, social value is the primary goal of the social enterprise, its economic value can be more long-term development of social enterprises. In China, due to the development of social enterprises is still in its infancy, the definition of social enterprises showing a certain charity. With the business community often refer to "Risk Chest" venture philanthropy to provide development funds and the operation and management of the system, including the ability to start and Development Funding for start-ups and small and medium-sized public interest organizations, the ultimate aim is to foster the development of innovative outstanding public service of creative services organization, to effectively meet and resolve the issues of social and public service needs.The second chapter is the definition of relevant theories. On the basis of the research at home and abroad, combined with the ideas of this study, a new definition of social enterprise, venture philanthropy redefine and clarify its characteristics, investment management theory and content. Despite the public welfare capital investment is not the pursuit of return, but because of the scarcity of resources, but also to ensure that social enterprise venture philanthropy funds to be able to achieve sustainable development, as well as to ensure the sustainable development of the venture philanthropy institutions, public venture capital institutions need to recover the investment cost, that can only recover the principal amount invested, of course, whether to increase a certain rate of return on investment, which can be determined according to the actual situation. Venture philanthropy investment management refers to the social enterprise charity capital support, venture philanthropy provide value-added services to the social enterprise.The third chapter is the problem faced by the development of domestic social enterprise analysis. Seven dimensions of the difficulties faced in30domestic social enterprise developments from the analysis, draw conclusions, the domestic social enterprise at this stage facing seven aspects of the value management, strategic management, financial management, human resources management, financial management, risk management, marketing management through venture philanthropy. First, venture philanthropy examine whether social enterprise, a social enterprise value, value recognition analysis, as well as social enterprises due diligence to determine the feasibility of venture philanthropy organizations began to consider entering social enterprises. Second, venture philanthropy social enterprises invested in accordance with the results of the preliminary analysis. Then, according to social enterprises due diligence findings give social enterprise strategy management, the six improvements value management, human resources management, so as to ensure public welfare sustainable development of the venture capital institutions.The fourth chapter is a typical case analysis. Three typical social business case analyses, summarized the successful experiences and failures, drawn Venture Philanthropy effective method to solve the problem of domestic social enterprise development. Capital management, value management, human resource management, strategic management, marketing management need to focus on in each stage of the social enterprise, risk and financial management in the early stage of development of social enterprises is not obvious, but with the development of social enterprises also need to focus on these two aspects of the problem. Venture philanthropy into social enterprises can be divided into three two-step process:first step, the venture philanthropy funds into social enterprises; second step, to invest in social enterprises management; third step, the exit of funds.Conclusion and outlook. Summarize the results of this research, analysis of the inadequacies of the study provide clues for future research. Domestic problems faced in the development of social enterprises to analyze and propose solutions to the ideas, groundbreaking research, achieved many breakthroughs, are:(1) for the first time data analysis of the problems faced in the development of domestic social enterprise. The case covers various fields of social enterprise, based on the design of enterprise management theory analysis dimension.(2) First proposed exit mechanism for venture philanthropy funds, venture philanthropy organization’s own sustainable development.(3) First proposed social enterprise investment management theory, and investment management of the content of the specific implementation.