Venture capitals have been playing an important role in helping new and small businesses. Even though venture capital currently isn¡¦t part of banking business but it has some banking capital properties. In the future, it can be part of banking products. This research is to study how venture capital can achieve its investment goals and decrease the loss from thorough pre-investment assessment and the control of its investment. This study is to analyze the assessment of the venture capital company , the advantages and the disadvantages of the strategy, and hope to develop a better and feasible investment strategy. Venture capital companies are facing some problems in these years, such as, difficulty of raising funds¡B searching cases and withdraw as well as poor performance. This study has discovered some suitable strategies, they are: 1. Choosing the right case is more important than do the case right. 2. Sell stocks out at the right time is more important than choosing the right case. 3. The success of the case depends on choosing the mainstream industry. To avoid the loss of the investment depends on the management team. Conclusion: After the most prosperous period for venture capital in year 2000, venture capital has been facing some unfavorable issues like many companies moving out of Taiwan¡Bfewer cases and the withdraw of funds. However, venture capitals should continue to provide the function of incubation for new business. When facing the changes of the environment, it¡¦s necessary to change the investment strategies. This study has provided some feasible strategies for venture capital companies. They are: 1.Develop the uniqueness of the company. 2. Set up global offices. 3. Educate employees with international vision. 4. Merge companies to become a bigger cooperation. 5. Raise funds and invest globally. Suggestions: 1. Suggest the government removing limitations of investing categories for venture capitals. 2. Venture capital companies should enlarge the size. Government should allow venture capitals to invest in the stock market. 3. Merge companies with poor performance 4. Differentiate the investment strategies. Raise funds from different resources. 5. Take good advantages of private equity funds to conduct company restructuring.

Growth is the important lessons for corporation. The key factors of growth are the spirit of innovation and entrepreneurship and the energy of next business. Corporate venture capital(CVC) can not only achieve these goals, but also provide many important strategic purposes, which is a innovative bridge connect to external and internal environment. However, how to effectively manipulate CVC in Taiwan is not clear. The purpose of this study is to analyze the situation of CVC in Taiwan nowadays, create the CVC categorization model and the work suggestion of each type. Through the literature discussion, we create CVC categorization model. According to the investment purposes and content, the model conclude six types, ¡§capacity strengthen, ecosystem complement, innovation probe, opportunity create, leverage harvest and venture investing.¡¨ Then, interviewing with experts who familiarity with the real business of CVC to understand the situation and comprehend the key successful factors. Finally, discuss, analyze and generalize the conclusion and suggestion. The success of CVC must match the investment strategic purposes and the operation model. Corporations should choose the right operation model type by different considerations such as organization structure, investment implement, and administration mechanism. Moreover, there are another five points of view deserve to refer. First of all, the open innovation of CVC is not equal to give up internal independent innovation. Second, the spirit of CVC can¡¦t be diverged. Third, CVC should step by step, from the ecosystem, innovation to encourage the intra-entrepreneur CVC type. Fourth, Corporations should have the courage to invest the potential business besides the current business even if will destroy the profit. Fifth, the managers must have the wider attitude and the further vision.

English Abstract Evaluating the cases is the most important work in Venture Capital Company. So the key successful factor is to correctly and efficiently choose the invest case. In the past researches, they probed the important of evaluating criteria and ranged the evaluating criteria. But no study researches were from characters of manager, so the study wants to know the relationship between the characters of manager and the evaluating criteria. The results show that the venture capital managers who have commerce background would pay more attention to the marketing ability of enterprise team; managers who have science or engineering background would pay less attention to the financial ability of enterprise team; managers who have the experience in high-tech industry would pay less attention to marketing ability of enterprise team. And the emphases on managerial ability and product and technology innovation would grow up with the age of the venture capital managers. Besides that, this study finds that in the venture capital industry managers are very young and have high educational background.

Background - Planning occupies an important position in business literature. It is a well-investigated area with a long and extensive research tradition. However, the findings of the research are not consistent. In the planning literature there is a strong debate among researchers which results in two opposing points of view. On the one hand, proponents of planning in business, also known as the planning school, claim that planning plays an important role and has a positive impact on companies. On the other hand, opponents challenge these claims and suggest that a company should instead focus on flexibility, learning and resource utilization. These claims may be of particular interest in new ventures. The environment in which new ventures usually operate may be turbulent with a high degree of uncertainty and a lack of resources. This setting may create problems for the application of planning procedures and can contradict suggestions in existing literature. In addition, the entrepreneur plays a crucial role in every new venture. He or she is the one who founds the new venture and is the main decision-maker. Planning activities compete for resources and time, which are scarce commodities in new ventures and can cause entrepreneurs to allocate less time to the business itself. Purpose - The purpose of this thesis was to investigate the changes in business planning in new ventures. In addition, we endeavored to explain the reasons why these changes occur and what sparks them. Our aim was to gain in-depth understanding of the business planning change phenomenon in new small-sized firms and add additional knowledge to the existing planning literature. Method & Theory - Semi-structured interviews with six entrepreneurs in the Jonkoping region were conducted to collect the empirical data on business planning within the service industry. The collected data was analyzed together by applying the theoretical frame of references. Conclusion - The thesis concluded that three main business planning situations occur in new ventures. These were at first a smooth or volatile increase during the beginning period of new ventures and resulted in the presence of the stabilised business planning pattern in the later stage of new ventures. This study also observed three main drivers behind those changes: business planning experience, economical factors and customers.

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Thesis (Ph. D.)--UCLA, 2007. / Vita. Includes bibliographical references (leaves 147-152).

Thesis (M. A.)--University of Hong Kong, 2005. / Title proper from title frame. Also available in printed format.