Partnerships for transformation
Partnerships are critical to transformation both in the public and private sectors. In the public sector, organizations often have to forge public-private partnerships to accelerate transformation. This section will go into the details of these partnerships.
What are public-private partnerships?
A public-private partnership is a cooperative arrangement between at least one private sector organization and at least one government agency. In recent years, these relationships have transformed to include non-profit organizations such as healthcare providers and educational institutions, community-based organizations (CBOs), and business improvement districts. Public-private partnerships are usually, but not always, long-term arrangements. The purpose of these partnerships is to complete large and complex projects or deliver services to the public. True partnerships, where public and private interests are balanced, can transform potentially confrontational...
