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Management and Economics Research Journal
open access

The Coronavirus Effect: Building Strategic Alliances in Today’s Universities and Colleges

DOI : 10.18639/MERJ.2020.1124819

Section : Short Communication

Published Date : Sep 07,2020

Lede

Abstract

Due to disruptive changes such as COVID-19, universities can no longer afford to tackle these turbulent forces solely. In today’s hyercompetitive environment, companies that want to compete in the future understand that the status quo will not do. According to Accenture, 76% of business leaders surveyed agree that current business models will be “unrecognizable” in the next 5 years. Businesses that attempt to move forward against the backdrop of uncertainty and unpredictability with little or no partnerships will find it difficult to be successful. In this short communication, researchers examine how to build strategic alliances in a disruptive world marked by uncertainty and unpredictability, given the impact of COVID-19.

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