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Perceptions of University-Corporate Partnership Influences on a Brand

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Abstract

The marketing literature has not specifically addressed how customers perceive the type of strategic alliance inherent in university-corporate partnerships, which are primarily implicitly, versus explicitly known as in the case of co-brands or brand alliances. This study uncovers customer perceptions of university-corporate partnerships and examines how beliefs about university-corporate partnerships influence attitude toward the university brand. The results of focus groups and a survey are presented demonstrating that university customers have conflicting beliefs about university-corporate partnerships and that attitude toward the university is influenced (1) positively by beliefs about the benefits provided by university-corporate partnerships, (2) positively by beliefs about the importance of shopping with university-corporate partners, and (3) negatively by beliefs about university-corporate partnerships creating limitations on customer choices. Implications for theory and practice are offered.

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... Firms have increasingly found it uneasy to manage the demands of the modern day business environment on their own due to limited marketing resources and technical capability (Hsu & Tang, 2010). In the light of this, Baker et al (2005) suggests that developing collaborative marketing relationships that integrates the skills and capabilities of each firm in order to improve their competitiveness is one strategic avenue available for firms to surmount these challenges. Such collaborative marketing relationships must involve resource sharing and risk sharing arrangements in order to give firms the advantage of withstanding the uncertainties and adverse turns in the business environment (Walden, 1999) as they seek to achieve set goals in the volatile business environment (Agundu & Olotu, 2011). ...
... It is usually not a decision to be taken lightly (Bititci, et al, 2004). In fact, establishing some type of business collaboration may be one of the more complicated decisions the management of a firm can make (Solis, 2011;Hsu & Tang, 2010;Baker et al, 2005;Shimizu, 2003). Ochterski (2012) identified the success factors in marketing collaboration to include likemindedness, communication, enhanced market opportunities and improved bottom line. ...
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... However, many organizations find it difficult to achieve this goal because of their limited resources and technical capacity. A way to handle this is to develop alliances that can integrate the resources of each company for the benefit of partners (Baker, Faircloth, & Simental, 2005;Hsu & Tang, 2010). ...
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... Further, support from alumni, businesses, local community and media is crucial (e.g. Baker et al. 2005;Ressler and Abratt 2009;Pedro et al. 2018), as is obtaining funding (e.g. Ressler and Abratt 2009). ...
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... Often, these resources are not within the reach of individual firms because individually, firms have limited resources and technical capability (Hsu & Tang, 2010). Baker, Faircloth, & Simental (2005) suggest that developing collaborative relationships that integrate the skills and capabilities of each firm in order to improve competitiveness is one strategic avenue open for firms to surmount these challenges. Also, due to frequent introduction of new products and the customisation requirement of contemporary consumers, complex design and product specification, and shifts in preferences; continuous contact with customers and suppliers through supply chain network integration is very necessary (Davenport, 1998).Network integration requires that companies in the chain have a common identity, which can range from commitment to agile practices, compatibility of structure, information architecture and tradable competencies (Yusuf et al, 2004). ...
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... 4 For a comprehensive account see Redler, 2003or Redler, 2014 See above for detailed substantiation of these outcomes. 6 Dla tego celu przyjmuje się bardziej normatywną perspektywę, jak używa jej Redler, 2014. 7 Regardless of type, it must be discussed whether the alliance will refer to a partner´s product brand or to its organisation brand or corporate brand. ...
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  • Webb J. Deborah