Pick up a news paper every morning and the odds are more that you see graphs showing Sensitive SENSEX touching new highs or India is rapidly heading towards two digit GDP, inflation is going down, retail boom. With all this number crunching happening in India and portfolio of rich making them more rich no one takes time to think about to think about what would be the future of a country which has majority of illiterate young generation. Our education system i think is in shambles. Again there is number crunching happening in number of literate and illiterate children in India but no one is giving a damn about quality of education in this country. Although i would say all these SENSEX news only instigate me to think about how we might possibly improve education system in our country exploiting this Sensitive SENSEX.
Ever since I got to know stock market one thing I scrutinized is that every company nowadays have dream of getting listed on stock market garner huge sums of money for their future business plans, corporates providing ESOPS to their employees to attract best talent and all these strategies to scale business is increasing profits of corporates by leaps and bounds in addition to growing pressure from stockholders to improve quality of their products. Now considering our schools and colleges as corporates and mapping products of these corporates to students I think we can achieve the same level of quality in education system as we are getting in Indian manufactured products or from services nowadays. Now let me explain it in detail how this can work and fit in our society.
From my point of view there are two major stumbling blocks in our education system, one is that most of the schools dont have sufficient liquidity to hire best talent and the second one is that those who have enough cash dont have any pressure or some sincere body to monitor whether our education system are producing quality products or not, although government is pouring hugh sums of money to all funded institutions but that money doesn't trickle down to institutions in pure vertical manner in fact it takes a shape of inverted pyramid when it reaches to institutions due to vested interest of many people. So now my point is if we make these educational systems public i.e get them listed on stock market these systems will start getting huge sums of money and since nowadays investors are wise enough where to invest they would take out there money if the institutions are not providing quality products i.e quality students, also there should be some mandate for schools to provide ESOPS to parents of students which would lure the parents of children, who don't send their children and make them work to earn money from childhood, to send their children to school to study in order to earn as the share prices rises.
Although I have not yet thought about feasibility of this thought but I would say there must be this or some other way to improve education in our country because that is the key to really become superpower and not just doing producing good numbers of GDP or SENSEX in newspaper headlines or breaking news on News Channles.
3 comments:
Good thoughts there...
Making schools and children resources for the business minded. But this thought should not necesarily trickle down to the resources(children). Also "..sufficient liquidity to hire best talent ..." , how does one evaluate talent? It would turn out to be a major cat and mouse game for the so called talented kids to jump from one corporate (school) to another. Hmm... good thought there, Kids could be learning to become the best corporate that way ! haha... just kidding, but yes definately some line of thought for better education there.. Great man.. continue blogging
From best I wouldn't mean talented kids in fact i was mentioning for young talented faculty who nowadays not opting for teaching as there career because there is no moolah, so if schools pay some good perks i think many young guns would join this bandwagon also as they are doing in Software,Management and Manufacturing fields.
well, some good thought there. But finally it comes down to mentality. If the schools are allowed to list themselves on Stock Market, a bunch selfish people in power, who are already running education as money earning tool, will go nuts. If mentality was righ we would get great education in the current system we have.
The other aspect to it is, what's in it for the shareholders? I mean apart from trading on the basis of rising and falling stock prices, trying to make some profit will not lure the investors. Dividend is one of the key drivers for institutional buyers. Now, educational institutions are not profit making organizations as such. And if the talented and well-educated individuals, is the only output, not sure how many investors will actually go for these stocks. May be I am missing some thoughts but worth mentioning :-)
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