STATE OF PLAY AND THE WAY FORWARD Sample Clauses

STATE OF PLAY AND THE WAY FORWARD. ‌ This chapter reports discussion and the advancements realised in relation to BEACONING long-term sustainability, as well as further activities to be considered. The alliance model can be formed among BEACONING partners who can have a major role in business operation and development. Legal setup for commercial participation to the alliance must be studied. A detail methodology and setup will be defined. In principle, this sustainability option would better suit, if there arises interest in supporting BEACONING, by organizations other than existing consortium partners. If the alliance is in the form of a partnership, this can be formed from BEACONING selected partners and commercial organisation either as a new company or as a joint venture or in the context of a technology transfer model. Different combinations can be considered between the project partners and external organizations/content providers, but it is important that each role is clearly defined and settled, by the specific agreements. The more suitable revenue model in order to ensure a stable revenue stream can be a combination of the Advertising, Public-Private Partnership, Sponsorship, Joint Venture, Technical Support and Commercial Content models. In this context, the Public–Private Partnership alliance model can be used as a joint venture between partners and private e-learning organizations or between ministries for educations of various countries and private e-learning commercial organizations. Finally, the technical support, training, and platform updates according to the need of the demand side can create extra revenue out of the afore-mentioned resources. It is important to propose an efficient and effective new business model. However, this requires exploring possibilities of new and innovative ways of conducting business to operate instead of traditional approach. The business plan will be regularly reviewed after having inputs from market researches, marketing positioning and recommendations. The emerging social networks and multimedia applications can be good components for the business model to meet the requirements of key stakeholders.
Sample 1
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