Review Article

[Retracted] Review on Social Welfare Crowdfunding in China Based on PEST-SWOT Model

Table 4

Analysis matrix of development strategy of social welfare crowdfunding industry.

Internal factor

External environmentStrengthsWeaknesses
1. Legal support and policy guarantee1. The Charity Law with the greatest correlation does not provide insufficient support
2. The economic operation is on the right track2. The crowdfunding goal is delayed and the psychological return lags behind
3. Low threshold and multichannel participation3. Relatively weak position of donors
4. The scientific and technological foundation is good, and the operation process is simple and fast4. There is a contradiction between urban and rural demands and the amount of assistance

OpportunitiesGrowth-oriented strategy (SO)Reversal strategy (WO)
1. State key support1. Seize the period of strategic opportunities and expand market share1. Improve the credibility of the platform and even the industry
2. Reasonable commercial operation can be carried out2. Learn from foreign commercial operation experience and integrate it into the actual native environment2. Effectively use new technologies to solve prominent problems
3. Give full play to greater social value and approach the ideal effect3. Help solve social problems and expand social influence3. Narrow the difference between urban and rural areas and promote the matching of supply and demand
4. Combination with new technologies

ThreatsDiversification strategy (ST)Defensive strategy (WT)
1. The country continues to improve the universal health insurance system1. Getting out of the “comfort zone,” diversified development, and expanding the base1. Formulate and improve relevant development strategies of the industry
2. Economic development continues to be threatened2. Maintain strict epidemic prevention measures and maintain the economic development trend2. Strengthen discipline and strengthen the management of social welfare crowdfunding platform
3. The social welfare atmosphere is not strong3. Implement pilot new technologies multiple times and bring to the society after maturity3. Enhance the donor's sense of project participation and virtually enhance the donor's status
4. There are loopholes in new technologies