TITLE:
Models of P3 for Higher Education Institutions —Opportunities and Pitfalls
AUTHORS:
Henrik P. Minassians, Maria Barseghyan
KEYWORDS:
Public-Private Partnership, Higher Education, Creation of Public Value
JOURNAL NAME:
Creative Education,
Vol.15 No.4,
April
29,
2024
ABSTRACT: Public-private partnerships are not new to the public sector and the central idea remains whether these partnerships add value through cooperation with the private actors. In general, the literature suggests that public and private actors develop a sustainable cooperation through which they produce products, services or policies while sharing risk and develop an organization plan to achieve the needed arrangements. However, there are fewer examples and cases of public-private partnerships (P3) in higher education institutions. This study examines various opportunities, through case analysis methodology, when it comes to P3 and demonstrates successful cases where universities have leveraged this type of partnership to create public value.