As more and more organisations turn to universities to help them both with organisational issues and product/service innovation issues, the number of failed relationships continues to grow as well.
Firm-university partnerships offer many significant benefits including:
- Increasing innovation and spin-offs
- Increasing evidence-based practice capability
- Enhanced knowledge transfer and generation
- Higher levels of organisational ambidexterity, flexibility and agility
- Greater competitive advantage
- Lower R&D costs
- More accurate decision-making
However, there are factors which can lead to firm-university partnership failure including:
- Tensions between the needs and values of the firm and the university
- Different cultures
- Different drivers and concerns
- Perceptual differences
- Poor relationship management
- Poor partnership management skills
This special report looks at the research around the success factors for firm/organisation collaboration and is essential reading for any organisation or university considering a collaborative relationship.
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