[MUSIC] Welcome to the second lecture of international organizations and public-private partnerships. In this second course, we will discuss opportunities and challenges involved in these partnerships. And more specifically, we will have a look at the partner's different backgrounds. We will address and discuss common challenges. And then finally, we will also discuss common ways to handle and overcome common challenges. >> So why should national organizations really care about public-private partnerships? In the first session, we have seen a lot of international organizations engaging in public-private partnerships. We also talked about the UN partnerships and you may remember these partnerships. And you may have a look at the business website, actually, of the UN. Where you get numbers of public-private partnerships. Actually, they have more than 700 related partnership stories there. Today, exactly 765, but this may change. And these public-private partnerships are, in fact, important for international organizations. >> But why, exactly, do international organizations engage in public-private partnerships? So actually these partnerships offer an important opportunity for international organizations to get access to important knowledge, such as the business marketing knowledge, the knowledge on operational efficiency and service orientation. But moreover, partnerships also offer more international organization opportunity to actually leverage their actions to tackle a social problem and to share the resources with other partners. >> Now, if we look at what are the interests from the business side, from the company side. Here, of course, there is a really opportunity for companies to enhance their reputation. And to help to attract talented employees. It's a great motivation for employees to get involved into public-private partnerships. But it's also that you are able to help and solve societal problems in the world, which may, in a way, turn results into greater efficiency. And they help to, of course, create much more environmental stability in certain regions. And there is also an opportunity for increased future growth. >> And then, if we have a look at the interests that a civil society pursues in these partnerships. So actually it helps them get support for the course that they are trying to tackle. And also it helps them to get a lot more visibility and leverage on their own actions. >> If you look at the public-private partnerships in relation with the public agencies and national governments, where is the advantage is that they get the additional resources to attain the country's development. So through the public private partnership, getting additional resources. But also is it helps, of course, to reach goals. And it helps you to get access to innovations that really help to solve the cause of the problem. But also lead to the organizational development of public institutions as such. Then public-private partnerships are, of course, not easy ventures. But why is this so? Why is it so challenging really to build public-private partnerships? So let us look into how to engage in public-private partnerships. Why this engaging is challenging? And is it challenging because you work with partners from very different sectors, from very different backgrounds, with partners who don't take the same way? So let us what are the core differences between the different sectors. The core interests are either political, from the international organization side. They are rather economic from the business side, and social for the civil society. And then, important is of course, to see what is the difference? The difference is that they think in different terms. So the international organization, they may think in voting cycles. The business representatives, they may think in balance sheet cycles and the civil societies in donor contract cycles. If you look at the primary control, so where's the control? And the control is in the international organization side, it is the members. On the business side, you have the owners. And on the civil society side you have, of course, the communities that are behind the civil society. So the question is who makes really the decisions? And how do you make decisions? What brings you to a certain decisions to go ahead in the public-private partnerships? >> Yeah, and let's have also look at the core competencies. So the differences in the core competencies among the partners. This is important because it then defines also what is the role of each partner involved? So if we have a look at the international organizations, they are very strong at raising awareness and ensuring that standards are accepted and followed. So the business sector is very strong at producing a marketing services and goods. Whereas, the civil society may actually take the role in partnerships of managing and guiding the entire action between the partnership and the global community and the beneficiaries. But then, also, let's have a look at the common weaknesses of each sector. So for instance, international organizations may take an eternity to make decisions and to come up with solutions. Which then, block the partnership process and lead to frustration and so on. Whereas, representatives from the business sector may be perceived as single minded. Or having difficulties in grasping the social complexity involved in the partnership. And then having a look at the civil society organizations, they may not speak with a unified voice, or come up with ideas that are not really realistic. So this overview is not intended to reinforce or strengthen prejudice. Rather it is intended to encourage you to really have a look at the differences, respect these differences, and try to align them for the social good. >> So we have seen so far where the sectoral differences are. The sectoral differences between international organizations, the business and civil society. And you were able to evaluate this looking at the core interests, the primary control, the core competencies and the weaknesses that are related to the three. Now, I think this also a good time for reflection. Let's do a little quiz. And I ask you to think about what are the competencies and the expertise you think international organizations contribute to public-private partnerships. Try to find one or two examples, think it through and write it down. [MUSIC]
