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Designing Successful Business Strategies for Public Private Partnerships. An ontological approach

Papagiannis, F, Gazzola, P, Slavata, D and Grechi, D (2021) Designing Successful Business Strategies for Public Private Partnerships. An ontological approach. Kybernetes. ISSN 0368-492X

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Abstract

Purpose The purpose of this paper is to present an innovative approach for the strategic design of Public Private Partnerships (PPP) and Private Finance Initiatives (PFI) based on ontology. Design/methodology/approach Adopting a historic approach, it introduces a posteriori knowledge, deriving from the scheme’s stakeholders at the construction and implementation phase of PPPs. Continuous failures of these collaboration schemes and initiatives underline the necessity for a novel project structure. The conceptual argument is based both on empirical and epistemological approach. It integrates the value added of the ontological theory in the PPP/PFI business strategy. Findings The research emphasises contemporary design gaps of their current structure and proposes an ontological redesign. The proposed redesign produces a conceptually innovative scheme, which enhances the value added business strategies and their objectives to the structure of these collaborating schemes. Practical implications The ontological design of this paper is useful for academics and business consultants around the world and especially in Europe for the successful growth and development of such dynamic collaborations. Originality/value Enterprise ontology bridges conceptual and structural gaps of strategic objectives, which are primarily responsible for the failures of PPP collaboration.

Item Type: Article
Additional Information: This author accepted manuscript is deposited under a Creative Commons Attribution Non-commercial 4.0 International (CC BY-NC) licence. This means that anyone may distribute, adapt, and build upon the work for non-commercial purposes, subject to full attribution. If you wish to use this manuscript for commercial purposes, please contact permissions@emerald.com
Uncontrolled Keywords: 08 Information and Computing Sciences
Subjects: H Social Sciences > HF Commerce > HF5001 Business
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Divisions: Business & Management (new Sep 19)
Publisher: Emerald
Date Deposited: 20 May 2021 10:35
Last Modified: 20 May 2021 10:45
DOI or Identification number: 10.1108/K-12-2020-0839
URI: https://researchonline.ljmu.ac.uk/id/eprint/14514

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