Improving Schools Getting Down To Business
Below is a MRR and PLR article in category Business -> subcategory Other.
Improving Schools: A Business Approach to Education
Investing in the Future
Business leaders are highlighting the importance of investing in education as a crucial step for America's future. According to Patrick Byrne, chairman and CEO of Overstock.com, "Education is the whole ball of wax. Capital can move globally, seeking the best-educated and most skilled labor. That's what's going to attract capital and create jobs."
Current Trends and Challenges
Analysts observe this trend daily, with states like California's Silicon Valley leading in technological innovation. Wealth tends to concentrate in areas with thriving industries, and this concept extends globally. Countries with skilled workforces attract capital and job opportunities. However, the U.S. faces challenges, ranking 15th in reading, 19th in math, and 15th in science among 28 developed nations in 2000, according to the National Center for Education Statistics.
Steve Forbes, president and CEO of Forbes, Inc., points out, "In the past, we've managed by importing talent. Our graduate schools host many international students. We're like a baseball team lacking a strong farm system, relying on recruiting from elsewhere."
Introducing Competition
Business leaders propose competition, a driving force in the private sector, as a key to improving America's schools. Leo Melamed, chairman emeritus of the Chicago Mercantile Exchange, explains, "Our colleges excel because they compete for the best students and teachers. Sadly, this doesn't apply to elementary and high schools, where minimum standards suffice." Introducing school choice could shift this dynamic.
Forbes adds, "With choice, schools must prove their worth. Parents want the best for their children. If they have options, even government-run schools will raise their game to retain students and funding."
Engaging Corporate America
While many business leaders grasp the impact of competition on the economy, fewer endorse school choice. Melamed believes educating these leaders about school choice will drive change.
How can school choice become a priority? Melamed emphasizes, "We must convey that we're falling behind in global competition. If this trend continues, the outcome won't be favorable."
Forbes remains hopeful that as business leaders become more informed, support for education reform will grow, making school choice standard. "I think people will look back and wonder what the fuss was all about," he concludes.
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