Successful joint venture partnerships: public‐private partnerships
International Journal of Public Sector Management
ISSN: 0951-3558
Article publication date: 1 February 2006
Abstract
Purpose
Seeks to examine important characteristics that go hand‐in‐hand with successful public‐private partnerships.
Design/methodology/approach
A grounded theory approach is adopted involving interviews and group discussions with executives of the organisations involved. The rationale behind the reduction of the data collected was based on the commonalty of the words, themes and concepts being produced by the respondents through the written and oral research data.
Findings
A descriptive model is presented which identifies five key characteristics: good communication, openness, effective planning, ethos and direction. It is argued that all contribute to the success of a joint venture.
Research limitations/implications
Further research might examine other examples of public‐private partnerships since the research reported here comprises only a single case study – the major limitation of this research. While utilising the findings of this research may improve the chances of a successful venture, they cannot of their own accord guarantee success since other factors are at play.
Originality/value
The paper presents a valuable insight for both academics and practitioners who are keen to appreciate executives' concerns that can arise in evolving a joint venture between a public and a private sector organisation.
Keywords
Citation
Trafford, S. and Proctor, T. (2006), "Successful joint venture partnerships: public‐private partnerships", International Journal of Public Sector Management, Vol. 19 No. 2, pp. 117-129. https://doi.org/10.1108/09513550610650392
Publisher
:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited