education industry overview
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Education Industry Overview, Visit us at www.technofunc.comTRANSCRIPT
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TechnoFunc PresentsOverview of
Education Industry
Overview of Education SectorEducation in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts. In its narrow, technical sense, education is the formal process by which society deliberately transmits its accumulated knowledge, skills, customs and values from one generation to another, e.g., instruction in schools.
Source : Wikipedia
Importance of EducationWhy is education important?• Education gives us Knowledge• Education teaches us lessons of Humanity• Education comprises good thoughts in human
being• Education tells men how to think, how to work
properly, how to make decision. • Education contributes to human development• Education gives us employment and identity.• Education highlights the human talents.• Education leads to innovations and discoveries.• Education develops a meaningful outlook on life.
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Levels in Education
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Primary Education
Secondary Education
Higher education
Technical Education
Open and distance learning
What drives the Education IndustryDemand and Supply are the two main factors which drive the direction of the Education Industry.
The demand drivers of the education sector include: Household disposable income. Cost of education. Opportunity cost of education Cultural mindset Government Boost
The supply drivers of the industry include: Availability of qualified work force Government funding Changes in social outlook: Campus Universities VS. College Online.
Challenges in Indian Education System
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Improving the quality of education at all levels in India
Increase in the expenditure on education sector specially at Higher levels
Improve the literacy rate in India
Awareness about need of education in rural India
How to Improve Education System?Essential Components of a Successful Education System :
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Better Standards
More Accountability
More Parent Involvement
Autonomous Structure
Use of Advanced Technology
Updated Curriculum
Periodic Assessments
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