Dr.Jose Sebastian
07-15-2008, 07:30 AM
Dear all,
It may be borring to you. Please bear with me for harping on the same old issue. Rob mentioned about the 'well educated status of our state and high job expectations'. Here education is for the job. There is high demand for it. People go on taking degrees till they land up a job. We have here Ph.Ds working as lower primary teachers and lower division clerks !. Yet entrepreneurship is not a career option.
Beacuse of the high demand for education, we have a new class of entrepreneurs. They are sellers of education-we call them edupreneurs. There are so many medical colleges, engineering colleges, business schools, nursing colleges, paramedical institutions. Government gives approval and the entire investment for providing the facility is borne by the entrepreneurs. It is a profitable business because they collect hefty initial payment for admission and fee. For example, the cost of admission to a medical seat is Rs. 3.6 million. The half baked doctors, nurses, engineers and MBAs churned out by these institutions have to find buyers outside the state. They migrate. Our economy survives on remittances.
Failed entrepreneurs succeed as edupreneurs! Closed factories are turned into degree factories!!
The challenge: How to promote entrepreneurship in this environment ?
Kindly comment on this with experiences from your countries/states.
Jose
It may be borring to you. Please bear with me for harping on the same old issue. Rob mentioned about the 'well educated status of our state and high job expectations'. Here education is for the job. There is high demand for it. People go on taking degrees till they land up a job. We have here Ph.Ds working as lower primary teachers and lower division clerks !. Yet entrepreneurship is not a career option.
Beacuse of the high demand for education, we have a new class of entrepreneurs. They are sellers of education-we call them edupreneurs. There are so many medical colleges, engineering colleges, business schools, nursing colleges, paramedical institutions. Government gives approval and the entire investment for providing the facility is borne by the entrepreneurs. It is a profitable business because they collect hefty initial payment for admission and fee. For example, the cost of admission to a medical seat is Rs. 3.6 million. The half baked doctors, nurses, engineers and MBAs churned out by these institutions have to find buyers outside the state. They migrate. Our economy survives on remittances.
Failed entrepreneurs succeed as edupreneurs! Closed factories are turned into degree factories!!
The challenge: How to promote entrepreneurship in this environment ?
Kindly comment on this with experiences from your countries/states.
Jose