Lessons from the UK Know How Funds Initiative

Abstract

This paper analyses the development and change in direction and decision making in relation to one objective of a Know How Funds (KHF) Training and Academic Links (TACL) project. The project involved professional and academic collaboration between a British and a Russian university and their respective business networks. The author refers briefly to summaries of the relevant sections of the periodic financial reports of the award holder, submitted during the project to the British Council. She then reviews the resulting development of a commercial ‘vehicle’, by means of which the Russian university intended to provide undergraduate and peer education in business to a private-sector market. An analysis of the strategic financial decision making is provided. The findings from the case study support the argument that academic institutions in emergent market economies can recognize the revenue generation potential of peer business education provision and that award schemes such as the (now obsolete) Know How Funds initiative can facilitate this recognition.

Keywords

British Council peer education Know How Funds emerging economies Russia

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