Too many students, more than 1.2 million, drop out of school every year in the United States alone and increasing numbers of young people are unemployed globally. Sadly, of the 13 million children growing up in poverty today, only 1 in 10 will graduate from college. There is evidence that the private sector can to help with filling the academic and skill gaps that hinder our young people from succeeding in high school. Business volunteers in communities around the world inspire students to set career goals; they guide young people in building their confidence through mentorship and project-based learning. The business community and the education community need each other now more than ever but the collaboration between schools and businesses is not always happening at a necessary scale.
I had the pleasure of participating in a regional business-education conference in Fresno, California, recently and walked away with renewed optimism and a few important learnings. First, business-education partnerships are two-way and, when successful, engage all stakeholders including parents and students. Second, to be successful, we have learned that business-education partnerships must have clearly articulated goals and a means of measuring progress including outputs and outcomes. In the end, we need to define the value that these collaborations bring to all of the stakeholders at all stages of the partnership.