Strategic Partnership Assessment: Educational Sector Collaboration

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Building strategic partnership assessment task 3
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Table of Contents
Introduction......................................................................................................................................2
Meaning of strategic partnership in education.................................................................................3
Purpose of the strategic partnership in the sector of education.......................................................5
Significance for the strategic partnership in education....................................................................5
Implementing and maintaining a strategic partnership in the field of education............................7
Literature review..............................................................................................................................9
Recommendations for successful partnership building and sustainability....................................12
Synthesis and critique of the strategic alliance..............................................................................14
Conclusion.....................................................................................................................................15
References......................................................................................................................................16
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Introduction
The reported work embarks and highlights on the elaborated and effective understanding of the
strategic partnership so as to have better command and supervision on all the facts related to the
education. For the purpose, the assessment report highlights the effective understanding of the
meaning of the strategic partnership and its needs and importance in the sector of education.
Further provided, the reported work addresses on the views and opinions of the various authors
with respect to the theme matter so as to enable the management concern of the education sector
to effectively focus on the importance or significance of the strategic partnership. Apart from
that, the reported work elaborates on the varied sets of the theories with respect to the strategic
partnership so as to enrich the knowledge in a suitable and appropriate manner. Besides the
overall report provides for the suitable recommendations and suggestions that can be used by the
authority concern of the education sector to enhance a suitable command on the strategic
partnership leading to the enhanced working and thereby in the attainment of the better position.
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Meaning of strategic partnership in education
 A strategic partnership or the strategic alliance is a relationship between the two or more
commercial enterprises (Pahnke, et. al., 2015). Such a partnership is formed from a legal
contract. In other words, a strategic partnership can be defined as a process of a formal alliance
between two or more educational institutions conducting its activities and operations on a higher
scale. Such an alliance is an intentional process that is adopted by the concerned institutions with
the main and prime motive to share the resources available and leverage the complementary
strengths to attain the defined objectives. Further provided, it indicates a multidimensional
engagement between the two or more involved institutions and leads to the join working patterns
of the diverse and different sets of the activities and events with the prime aim of the parties that
is “mutual benefit”. Strategic partnership in the field of education is a broad and complex process
as it involves a series of the factors and aspects that need to be considered to be successful. As
such, there is a great need on the part of the management concern to analysis and assess all the
aspects so as to make it a stable and trustful partnership (Bovill, et. al., 2015).
Apart from that strategic partnership in the education has a broad scope as it covers many
departments at various levels that are required to integrate into a single direction so as to attain
positive and suitable outcome (Berbegal-Mirabent, et. al., 2015). The aspects and concept of the
strategic alliance among the educational institutions is a structural and systematic process that is
usually funded and managed by the agencies of the government and the agencies operating a
national level. As such it can be determined that the strategic alliance can be a substantial part in
the formulation of the strategy for the attainment of the international position.
In addition, it is addressed that it is not difficult for the educational institutions to understand the
significance of the strategic partnership (Bovill, et. al., 2016). The critical aspect for the
establishment's concern is on the matter that how will they are able to establish a strong
partnership so as to attain a suitable outcome. It has been evaluated that the partnership or
alliance with the other institutions requires a lot of time and effort but if the aspects and concepts
are managed in a proper manner it can assist the institution to concern in achieving the goal and
objectives in the more effective manner along with the optimal and efficient and utilization of the
available resources (Pahnke, et. al., 2015).
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However, with all the understanding, it can be determined that the partnership is strategic for the
educational institutions when it provides suitable assistance in the methods and means for the
advancement of the missions that are associated (Berbegal-Mirabent, et. al., 2015). As such the
leaders, policymakers and the other key parties associated with the collaborative institutions
must understand the priorities with respect to the subject matter so as to have better work
operations leading to the attainment of the better and strong position in the overall scenario.
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Purpose of the strategic partnership in the sector of education
The strategic partnership is an important aspect that tends to be managed by the authorities
concern in a proper manner so as to have better work operations leading to the best use and
application of the available resources. There are various purposes of the strategic partnership in
the sector of education that needs to be taken into prime consideration so as to ensure suitable
working patterns (Berbegal-Mirabent, et. al., 2015). Some of the purpose in this respect majorly
and predominately includes:
 To ensure suitable access to education so as to foster development in the economic terms and
working skills.
 Ensuring public safety through the prevention of crime and reducing the risk behaviors.
 Encouraging the participation of a new generation in the concerned field so as to capture the
latest ideas that can boost the performance level.
 To enhance suitable capability and level of competence.
 To improve and increase the level of value creation.
 To ensure optimal and effective utilization of the available resources (Pahnke, et. al., 2015).
 To attain a strong and successful international position.
 To enhance a suitable and effective market position and assist in suitable growth and
development.
Significance for the strategic partnership in education
There are series of the suitable and appropriate benefits that can be gained by the authority
concern of the educational institutions with respect to the suitable and in-depth understanding of
the strategic partnership alliance (Berbegal-Mirabent, et. al., 2015). Some of the suitable points
of significance in this regard majorly and effectively include:
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 Educational institutions will get additional benefits for the key parties associated with the
strategic alliance of the educational sector through cooperation, competence, interaction and
better working patterns.
 Educational institutions will also gain benefits with respect to the mutual benefits thereby
supporting each other in the pooling of the resources and their optimal utilization leading to the
better command on the factors of cost.
 In addition, the strategic partnership will assist in the identification of the various factors of risk
leading to the better formulation of the suitable measures so as to manage the risk factors in an
appropriate manner (Pahnke, et. al., 2015).
 Further provided, it will assist in allowing each partner to focus and concentrate on their qualities
so as to ensure better and effective alignment of the skills of the key partners with the working
patterns of the strategic partnership of the educational sectors.
 Strategic alliance in the sector of education will also assist in the educational institutions in the
developing of the more suitable and effective process leading to greater expansion of the new
areas (Anand, et. al., 2015).
 This will in addition also assists in the attainment of a suitable position in terms of the
competitors leading to a better and elaborative position.
 The strategic partnership will also assist in the better exposure of the working patterns leading to
better terms in the attainment of the suitable position.
 The strategic alliance will provide suitable and elaborative support in lowering the level of cost
leading to better command on the research and development activities (Pahnke, et. al., 2015).
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Implementing and maintaining a strategic partnership in the field of education
For the attainment of the suitable and positive results, it is necessary that the authorities engage
in the sector of the education focus on the effective implementation and maintenance of the
strategic partnership. For such purpose, it is necessary that suitable steps or procedures are
followed so that to have systematic operations leading to better outcomes from the alignment.
Some of the steps that are required to be followed by the educational institutions in relation to
the strategic partnership majorly and primarily include:
Step 1: Firstly, identification and engagement of the parties associated with the working patterns
of the educational institutions must be made.
Step 2: Focus is to be made on the establishment of the personal relationship so as to enhance a
suitable level of trust among all the parties so as to ensure the positive commitment.
Step 3: In the third step focus is to be made on the clarification and elaboration of the goals and
objectives among all the parties and the groups so as to accomplish them in a better manner.
Step 4: The focus is to be made on the selection and implementation of the partnership that
provides mutual benefit to all the parties.
 Step 5: The last step is of utmost importance that needs the institutional authorities to focus on
the establishment of the governance, procedures rules, and a suitable and strong structure of
decision making (Pahnke, et. al., 2015). This will assist in the grasping of the many
opportunities.
It has been determined that when the suitable educational partners are identified then it is
required to build a suitable and positive relationship with them slowly. Further, it is required that
such stakeholders must focus on the small and creative ideas that can assist the success in the
near future rather than jumping on the main goals (John, et. al., 2018). Dividing the overall
objective will assist the authority concern in the attainment of the specialization. Further
provided for the building of the trust among all the key parties associated with the partnership it
is necessary to allocate suitable authority and responsibility to the parties engage in the work
operation so as to ensure smooth working leading to the success in the partnership.
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Apart from that, it is required that there must be active participation of all the parties associated
with the strategic partnership so as to ensure better and effective clarification of all the facts and
aspects leading to the smooth and systematic operations (John, et. al., 2018). For such purpose,
the focus is to be made by the authority concern of the educational institutions on the conduct of
the timely meetings and sessions that can assist them in taking initial consideration the prime
matters in a proper and appropriate manner. In such meeting, the educational institutions can also
focus on the establishment and the formulation of the suitable governance, rules, procedures and
suitable structure of the decision making enabling them to conduct the activities related to the
strategic alliance in a better manner. This will assist in the formulation of the suitable strategies
enabling the key parties to make better working with respect to the strategic alliance for the
current and the forthcoming activities (Pahnke, et. al., 2015). Understanding and grasping
suitable and requisite information with respect to each step of the partnership will assist in the
fostering of the mutual understanding and in addition, will provide support in the facing of the
series of challenges that are prevailing in the environment of the market (Pike, et. al., 2015).
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Literature review
This process involves a company examining, its strategic goal and objective and evaluate
whether partnership is beneficial or not for achieving the goal of the company. Strategic
partnership helps in achieving the organizational goal and helps in focusing on the most
important things which helps in attaining the organizational goal. Strategic partnership helps in
the development of skills and knowledge of the people .it aim to help in the development,
transfer and implementation of creative practices which helps in development and growth. This
helps in building and promoting cooperation among peoples (Buick, et. al., 2016).
Types of strategic partnership help in the development of the organization. There are three
type of strategic partnership which are Contractual arrangement which includes non equity
alliance such as allocation agreement, distribution agreement. They sign an agreement for
working in partnership with one another Equity investment means one company invests in the
other company .another company take the ownership of the first company to gain entry in that
company (Rim, et. al., 2016). Joint venture is a way in which company invests in two or more
companies formed a new company and invest in that company. Joint venture can be of short run
and long run.
Risk and strategic partnership are connected with one another as without taking risk company
cannot achieve profits (Buick, et. al., 2016). Risk associated with profits as much risk a person
takes as much profits in future he can earn. Company needs to take the risk so that company can
attain its organizational goal. Company has taken the risk and achieves the target of the
company. Opportunities and strategic partnership are interconnected with each other as this
helps in accessing the knowledge by understanding the operational context. This also helps in
increasing the effectiveness by making more effective product and services so that company can
achieve its organizational goal (Rim, et. al., 2016). This also helps in the development of human
resources and helps in increasing reputation and credibility.
Strategic partnership process
According to author for the growth and development the company adapts best practices .proper
planning and execution of plan is mandatory for the strategic partnership. This process starts
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with the examination of the objectives and strategies of the company and determining the
organizational goal of the company. In this process there are different steps .In the first step
strategic assessment is done which includes the overall assessment of the task which are to be
performed in future for the growth and development of the company. In this process first thing
which is done is the identification of the opportunities and threats which are there with this
strategic partnership. Another thing which is the evaluation of these opportunities and threats and
make investment accordingly (Wither, 2018). Another thing is prioritizing the investment
accordingly and then selection of the objectives based on the resources constraints and choosing
the best form of the investment. The second step is partnership planning which includes the
establishment of the organizational goal and then developing a plan and determining ways to
implementing them in a systematic manner. The third step is partnership enlargement and
execution which involves the approaches of the partner and establishing a strategic and cultural
compatibility among the company (Rim, et. al., 2016). Another thing in partnership
implementation is performing the due diligence and development of a joint business plan.
Another step is partnership governance and termination consideration which all helps strategic
partnership (Li, et. al., 2016).
Aim and priorities of a strategic partnership
Strategic partnership helps in supporting innovation as this type of project development with the
help of innovative ideas .this also helps in exchange of good practices in the company as the
primary goal of the company is to develop and increase the business of the company by adopting
new ideas and methods for the growth of the business..This also helps in developing skills and
key competencies which helps in socio-educational development of company .it helps in creative
an innovative approach towards achieving the goal of the company. In this development of
language development and forward looking of future (Li, et. al., 2016). This helps in increasing
learning habits of the employees of the company. And also helps in the development technology
in the company. This also helps in development of higher educational and skill development .this
also helps recognition of skill development and transparency in the company. Strategic
partnership also helps in the development of skills of the employees of the company. This also
helps in open education as with change in education system there must be change in the ways of
providing higher education to the people associated with it (Wither, 2018). This also helps in
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increasing and promoting higher education and internationalization for the growth and
development education culture. This also helps in rewarding excellence in teaching skills and
development with the help of training good practices in the company (Li, et. al., 2016).This also
helps in tracking the gap if any and complete it by fulfilling that gap with the help of designing
and developing the tactics for development of education system. This also helps in strengthening
the teacher so that they can properly teach there student which leads to good students and good
executors which further helps in achieving the organizational goal for the development of
professionals. This also helps in improving learning opportunities for the professionals
(Armstrong, 2015). This also helps in increasing the efficiency for the students who all are taking
and learning this for the growth and development of the company. This also helps in supporting
educators as priority will be given methods and ways through which company recruitment,
selection and development of the professional for high quality education which results in
development of students as a responsible professionals with good communication skills and help
them in developing the cultural skills for the overall growth of the company (Armstrong, 2015).
This also helps in the efficient system of funding from the government which will help in
creating innovation among them .it also give emphasis on learning and teaching skills for
personal development
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