Industry-school partnerships are needed to help students, especially urban youth, become acquainted with the realities of preparing for employment and with the processes of finding a job, staying employed, and moving on through training to improved productivity and earning power. This report suggests considerations for organizing such partnerships and also presents estimates on costs and risks of such enterprises. Summaries of some of the important projects now underway are included. These projects cover work study, job placement and career guidance, basic skills training and remedial education, curriculum development and evaluation, administrative services, community relations, health services--with an emphasis on drug problems, interactions between school and business personnel, and material and financial resources. An index of alliances between companies and schools, a Chrysler Corporation proposal, and a New York City High School proposal for partnership plans are appended. (KG)