10778558470?profile=RESIZE_400xPartnerships between companies and universities are vital Innovation economy drivers.

Numerous businesses are shifting their attention in university and Innovation ecosystem interactions from incremental problem-solving to long-term improvement and careful engagement with emerging entrepreneurs.

This aids in preparing businesses and universities for more effective relationships and productive participation in the Innovation Ecosystem.

Considering the answers to 6 key questions aids the organizations in developing a strategic outlook on their partnerships.  To facilitate the process of answering these 6 questions, a tool called the University Partnership Canvas (UPC) has been designed, which enables managers to display the 6 questions visually.

These questions are very closely connected—when the answers to these questions align, they provide a cause for collaboration that has strategic depth and a greater likelihood of being successful.

The UPC offers a tool to assist managers in achieving their company objectives by reviewing their present strategic partnership techniques and systematically identifying differences.  The UPC may aid managers in outlining probable answers to any disagreements or problems.

Managers may also use the UPC to analyze the impact of shifting corporate objectives on their existing University Partnerships and, in light of this information, make adjustments as necessary.

UPC should not be used just as an internal evaluation and development tool for University Partnership.  It should be leveraged, additionally, in ongoing conversations with universities.

Corporations and universities may utilize UPC, in collaboration, to increase openness regarding the objectives, formats, KPIs, and organizational structures of a partnership being explored for development potential.

The UPC, which consists of the following 6 questions, is the product of a 4-year research effort on developing, maintaining, and enhancing the intrinsically complex university-industry collaborations.

  1. What business goals drive your University Partnerships?
  2. What are the key focus areas of your University Partnerships, and how are they selected to ensure alignment with your business goals?
  3. Who are your primary university partners, and by what criteria are they chosen?
  4. What collaboration formats match your focus areas and business goals?
  5. What people, processes, and organizational structures support your University Partnerships?
  6. What key performance indicators are most useful for evaluating your University Partnerships?

10778552672?profile=RESIZE_710x

These 6 crucial questions, the responses to which assist in assessing the partnership's viability and potential for progress, can be divided into 3 groups:

The initial 2 questions deal with business objectives, i.e., the strategic objectives that University Partnerships should provide for the business.

The following 2 questions focus on the collaborators and cooperation structures, the "who" and "how." of the process.

Collectively, the initial 4 questions make the core of a methodical approach to University Partnerships.

The last 2 questions pertain to ensuring that the necessary individuals, procedures, organizational structures, and assessment tools are assigned for the collaboration to provide value for both the university and the company.

Interested in learning more about University Partnership Canvas (UPC)?  You can download an editable PowerPoint on University Partnership Canvas (UPC) here on the Flevy documents marketplace.

Do You Find Value in This Framework?

You can download in-depth presentations on this and hundreds of similar business frameworks from the FlevyPro Library.  FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.  Here’s what some have to say:

“My FlevyPro subscription provides me with the most popular frameworks and decks in demand in today’s market.  They not only augment my existing consulting and coaching offerings and delivery, but also keep me abreast of the latest trends, inspire new products and service offerings for my practice, and educate me in a fraction of the time and money of other solutions.  I strongly recommend FlevyPro to any consultant serious about success.”

– Bill Branson, Founder at Strategic Business Architects

“As a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power.  For us, it is an invaluable resource to increase our impact and value.”

– David Coloma, Consulting Area Manager at Cynertia Consulting

“FlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients.  In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over!  The quality of the decks available allows me to punch way above my weight – it’s like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead.”

– Roderick Cameron, Founding Partner at SGFE Ltd

Votes: 0
E-mail me when people leave their comments –

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead