Companies and Student Leadership Development, P1
Several nonprofit student leadership programs are linked with for-profit organizations to benefit the program's development. This appears to be a pattern among business-oriented student development programs. For-profit entities may benefit by improving their public image through corporate responsibility initiatives and can also gain a network of future employees through program participation. Below are three partnerships and are included in the attached spreadsheet: Emory University's Goizueta Business School and Delta Airlines, Indiana University's Kelley School of Business and Deloitte Consulting LLP, and the Forté Foundation with 47 corporations.
WHY TEAM UP?
It makes sense for nonprofit organizations to partner with for-profit organizations and vice-versa. Generally speaking, partnerships improve cost savings for both organizations by sharing responsibilities, enhancing program offerings, and improving outreach efficiency. Student leadership programs provide an avenue for for-profit organizations to show they are giving back to the community and to help train future employees.
Emory University's Goizueta Business School partners with Delta Airlines in offering a student leadership program named the Delta Leadership Coaching Fellows Program. The Coaching Fellows Program allows students to complete workshops beyond the MBA curriculum, gain real-world experience through practicum experiences, and have one-on-one sessions with executive coaches. The partnership allows Delta to provide support for their "hometown" of Atlanta, Georgia.
The Kelley School of Business at Indiana University partners with Deloitte in the Digital Intelligence Initiative, a program designed to help faculty better prepare students for careers in emerging technological innovations.
The Forté Foundation works to launch businesswomen into successful careers by giving women access to exclusive job openings, workshops and networking events. It partners with 47 companies to achieve its goals. These companies gain access to a pipeline of businesswomen through participation.
Partnership with a nonprofit student leadership program can provide a resource for for-profit companies to gain future employees and can serve as a way for these organizations to give back to the communities they serve. Business development leadership programs are linked to for-profit companies, either through specific sponsorship requests, or, in the case of university programs, through major gifts from for-profit companies.