importance of consideration of stakeholders in a firm for successful growth

1. Understanding Partnership:
Identifying stakeholders and
their engagement

2. What is partnership?
A partnership is a voluntary association
of two or more persons, who contribute,
money, property, time, care or skill, to
carry on, as co-owners, a lawful business
for profit and to share the profits and
losses of the business.

3. For Academic
improvement
For
posterity
For
enhancement
of school
values
For
strengthening
discipline
issues
…and much
more
For co-
curricular
improvement
For logistic
and menial
help
For
harmonious
community
relationship
why
partnerships
in school
business?

4. Things to consider for partnership…
Agreement
 Number of partners
 Existence of business
Sharing of profits
 Duration

5. RIGHTS OF PARTNERS
Right to take part in business
 Right to inspect books
Right to share profits
Right to give consent
Right to retire

6. DUTIES OF PARTNERS
• Duty to carry on Business
• Duty to be just and faithful
• Duty to indemnify
• Duty not to transfer his shares without the consent of other
partners

7. STAKEHOLDERS?
• A stakeholder is anyone who is involved in the welfare and success of
a school and its students, including administrators, teachers, staff,
students, parents, community members, school board members, city
councilors and state representatives.
• Stakeholders may also be collective entities, such as organizations,
initiatives, committees, media outlets, and cultural institutions. They
have a stake in the school and its students, which means they have
personal, professional, civic, financial interest or concern in the
school.

8. WHY STAKEHOLDERS?
• Stakeholder engagement is considered vital to the success and
improvement of a school.
• The involvement of the broader community of the school can improve
communication and public understanding
• Allows for the incorporation of the perspectives, experiences and
expertise of participating community members to improve reform,
proposals, strategies, or processes.

9. Stakeholders
Internal
stakeholders
External
stakeholders
SMB/SGB
Community
Business
personnel's
Local
agencies
…& others
Teachers
Students parents

10. Roles for stakeholders
•Teachers
•Students
•Officials
•Parents
•Village community
•Business personnel
•Local agencies
•others

11. Stakeholder and school relationship

12. HOW TO ENGAGE STAKEHOLDERS?
 Determine the needs, interests and ideas of parents and educators
about involvement and partnering through surveys or polls.
 Develop family-friendly policies and laws to encourage participation by
diverse families.
 Provide professional development for school teachers on family and
community engagement for school.
 Provide training to community stakeholders and parents to help them
develop effective communications and partnering skills.
 Provide better information on school and school district policies and
procedures.
 Use effective communications tools to ensure timely access to
information which is in a format that can be easily comprehended.
 Hire and train school-community intermediaries who are aware of the
history, language, and cultural background of communities to contact
parents and coordinate activities.

13. HOW TO ENGAGE STAKEHOLDERS?...
Collaborate with higher education institutions for teacher and
administrator preparation programs to bring out the parent, family,
and community involvement in education.
Develop an outreach strategy to inform families, businesses and
community about the school involvement opportunities, policies and
programs.
Regularly evaluate the effectiveness of family involvement programs
and activities.

14. Role for stakeholders
Parenting:
• Help families by providing them with parenting skills and family
support
• make them understand the phases of child development, its
complexities and ways to cope with it.
• Help schools understand backgrounds and cultures of families and
their goals for children.
• Decision Making:
• Make families participants in school decisions, governance and
advocacy activities.

15. Role for stakeholders…
Collaborating with the Community:
• Co-ordinate resources and services for families, students and the
school with community groups such as businesses, cultural and civic
organizations, colleges or universities.
Volunteering:
• Enable educators to work with volunteers who support students and
the school.
• Involve families as volunteers and as audiences at the school.

16. Role for stakeholders…
• Communicating: Create reliable communication channels between
school and home to communicate with families about school
programs and student progress.
• Learning at Home: Encourage the involvement of families in their
children’s academic learning at home through curriculum-related
activities such as including homework and goal setting.

17. Reference
• https://www.youtube.com/watch?v=Ie1EVqWMt0Q
• http://www.slideshare.net/siobhancdr/stakeholders-ppt
• https://miqdadsibtain.files.wordpress.com/2009/12/law-of-
partnership.ppt
• http://www.jica.go.jp/project/zambia/0700918/04/pdf/guideline.pdf