Sky Zone Trampoline Park: Potential Partnerships and Benefits Report

This report analyzes potential partnership opportunities for Sky Zone Trampoline Park, focusing on collaborations with public, private, and non-profit organizations. It explores the benefits of each partnership type, including financial advantages, infrastructure development, and enhanced management practices. The report highlights how these partnerships can facilitate fundraising, ensure legal compliance, and improve the park's offerings for families. The analysis covers risk mitigation, access to expertise, and the potential for greater reach and impact. Furthermore, the report provides specific examples of partnerships, emphasizing the strategic advantages of each collaboration type in achieving Sky Zone Trampoline Park's goals and objectives. The conclusion emphasizes the importance of aligning visions and missions to create mutually beneficial and sustainable partnerships for long-term success and development.

PARTNERSHIP
Name of the Student-
[DATE]

Table of Contents
Answer given for question no- (a)...............................................................................................................1
Answer to question given no-(b).................................................................................................................3
References...................................................................................................................................................4

Answer given for question no- (a)
We have picked Sky Zone Trampoline Park for family leisure activities. This Sky Zone
Trampoline Park for family leisure activities could be benefited by several undertaking
partnership with the private company, public company and companies which are indulged in the
non-profit organization. Sky Zone Trampoline Park needs to collaborate or partner with those
organizations or sectors which are also indulged in providing shared common goal. It is found
that by making the partnership with the public, private and Non- profit organization, Sky Zone
Trampoline Park could easily raise funds and easily comply with the applicable rules and
regulation for its legal compliance program. However, Sky Zone Trampoline Park could be
benefited by making the infrastructure development and expanding more leisure activities in the
park. The partnership with the public company would be the most beneficial for Sky Zone
Trampoline Park as it would help in developing park by making infrastructural development,
social welfare and arranging finance. In addition to this, by undertaking this partnership, Sky
Zone Trampoline Park may learn about effective management, creating effective work
environment and customized the leisure services for kids and family in park. In addition to this,
the different sectors involved in partnership bring a different set of values, priorities, resources
and competencies to a partnership. It could also partner its park with the non-profit organization.
This would allow Sky Zone Trampoline Park to raise charity funding from the big organization.
This would also make eligible the funding for this company as CSR activities for big listed
public company. This would be the easy process to raise funds for the development of the park.
In case of Sky Zone trampoline park, parternship with the not for profit company which will
share the same benefit with Trampoline Park. This is the partnership which will align the vision
and mission of the Sky Zone trampoline park with the company’s goals and objectives. Sky Zone

Trampoline Park could develop partnership deed which could add value for its future growth and
sustainable long term future. The challenge of such a partnership is to bring these diverse
contributions together, and to mobilize them for achievement of sustainable development goals
(Capaldo, Izurieta, & Sundaram, 2016).
There are several benefits which could occur to Sky Zone Trampoline Park which could
add value for its success (Taber, 2019).
 Sky Zone Trampoline park could easily mitigate risk and reducing potential mistakes by great
understanding of the operations.
 There could be proper drawing on a wider pool of technical expertise, experience, skills, labour
and networks for developing infrastructure for Sky Zone trampoline park if not for profit
partnership is undertaken with other organization (Bower, 2018).
 If Sky Zone Trampoline Park takes partnership with the listed public company then the
developed park could have more appropriate products and services.
 By partnering with the private company, Sky Zone Trampoline Park could easily reduce its
maintenance costing therefore, partnership with the maintenance handling private company by
Sky Zone Trampoline Park would result to reduction in costs and delivery systems and avoiding
duplication (Khmel, & Zhao, 2016).
 The new partnership with the public company would also result to enhancement of professional
skills and core competencies in the work force.
 There would also result to achieving greater ‘reach’ by making sustainable development impact
(Clough, et al. 2015).

Answer to question given no-(b)
There are several examples of potential partnerships for Sky Zone Trampoline Park
which could be undertaken by the Sky Zone Trampoline Park for its development and future
growth. There are several examples of the potential partnership which could be used by Sky
Zone Trampoline Park for partnering with others.
Partnership with the private company- Sky Zone Trampoline Park by undertaking the
partnership with the private company would result to effective management and scheduled
process to manage the park activities. This will result to creating effective park management and
strengthen the leisure services offered to kids.
Partnership with the Public Company- By collaborating with the public organization, Sky
Zone Trampoline Park could easily raise funds from the public by issue of the shares to public
for the welfare development. This will be easy process for the Sky Zone to raise funds by issuing
FPO and IPO in market.
Partnership with the “Not for profit organization- Sky Zone Trampoline Park may have
very different missions and approaches therefore, in order to align the benefit of “ Not for profit
Company, Sky Zone Trampoline Park would undertake the partnership with other company
having object of the society welfare. This will reap great benefits by working together. Sky Zone
Trampoline Park choose to partner because they cannot achieve the desired goals alone.
Therefore, by working together, it will be more beneficial to accomplish the desired results.

References
Bower, D. J. (2018). Company and campus partnership: supporting technology transfer.
Australia: Routledge.
Capaldo, J., Izurieta, A., & Sundaram, J. K. (2016). Trading down: unemployment, inequality
and other risks of the Trans-Pacific Partnership agreement, Australia: Pearson
Clough, R. H., Sears, G. A., Sears, S. K., Segner, R. O., & Rounds, J. L. (2015). Construction
contracting: A practical guide to company management. Australia: John Wiley & Sons.
Khmel, V., & Zhao, S. (2016). Arrangement of financing for highway infrastructure projects
under the conditions of Public–Private Partnership. IAtSS Research, 39(2), 138-145.
Taber, K. S. (2019). Scholarly publishing: a partnership with mutual benefits and individual
responsibilities. Chemistry Education Research and Practice, 20(1), 8-16.