Zoo recommendation Research Assignment

1. Explain the rationale behind collaboration for the zoo, in other words, why would public officials responsible for the zoo want to consider some type of partnership with another organization? (2 points)

Pubic partnerships provide a means to enable a much more viable financial future for the zoo. Partnerships with public entities provides as means of capital and personal connections. Here, public-private partnership provides the means to enable relationships that can help ensure the completion of the project. Private relationships provide necessary financial capital necessary for project completion. In addition, the financial acumen of business leaders can be leveraged to create future business contacts. As such, collaboration for the zoo can provide a stable and much more viable funding source, along with contact information for individuals who can provide resources to the zoo in the event of financial difficulty

2. Consider the type of collaborations available. Pick two options and discuss how each of these two arrangements fit with the issues and goals facing the zoo. (3 points)

The first collaboration is that of public-private partnership. This, as alluded to earlier provides multiple benefits to the sponsor organization. For one, it provides a stable source of capital which can be used to fund)4. Make a recommendation for one option to reinvent the zoo. future projects. This funding source is particularly important due to the rising interest rate environment. In addition the rise of inflation has caused a large amount of financial hardship on public enterprises. As tax revenues are particular stable the recent rise in costs has created a large variance in both labor costs and overall project construction costs. As a result, public -private partnership are now becoming a much more necessary option.

In addition, government options are also becoming viable. Various grands and tax incentives can enable large scale projects to come to fruition. These projects often leverage government assistance to better prepare for adverse economic circumstances.

3. Consider asset specificity and contract management. What kind of asset specificity does the zoo have—in other words, how specific is the expertise needed to manage the zoo and is this expertise commonly available? 

The expertise is not commonly available. The Zoo has a strong real estate asset which can be leveraged for growth. For one, the zoo has a very strong captive audience. The location of the zoo is in a centralized area provided ample real estate coverage. It also has a strong revenue which can allow it to take on more debt capital. The expertise needed is related to overall project management. As the Zoo continues to expand, it will need strong management to provide the capital and expertise required to attract consistent clients.