How to Fix Education using Management Consulting Approach

To be able to fix a system, we have to first understand what this system is trying to achieve. In this section, we will try to see how the Education System works.

Let’s start by looking at what goals the Education System can have. We will discuss 5 main goals. Most Education Systems will concentrate only on 2-3 of them.

Let’s see what are the biggest challenges that Education System has to deal with. This will help us define what the solutions should be.

Let’s look at the 6 groups of solutions that will help you improve the Education System. Later, we will discuss them in detail, and I will show you how to analyze them in Excel.

Before analyzing and optimizing, it is a good idea to estimate how much we really spend on the Education System. We will look at direct and indirect costs, along with externalities.

In most cases, unfortunately, there is too big a focus on the costs of education. We will look at all aspects related to the education costs, but also the benefits and externalities.

Let's look at the bottom-up approach

Many countries only look at direct costs. Let’s look at the additional payments made by parents for things related to education as well.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

As we have mentioned, one of the directions to improve the Education System is to make it more accessible. In this section, we will look at examples of policies that may help you achieve that

One of the main things you can do to improve education is to make it more accessible. Let’s look at some of the potential solutions that can help you achieve that.

In many cases, you have to look at tradeoffs between costs and benefits. In such a situation, it is a good idea to conduct a cost-benefit analysis. Let's see how this can be done.

Imagine that you were asked to prepare an analysis to determine how the rearranging of the main office of the drugstore chain company will help reduce costs.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

Imagine that you are working for a ceramic tile producer that has 10 factories in Eastern Europe

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

Let’s imagine that you have decided to create, for primary and secondary education, online courses to help students learn. Let’s try to analyze whether it makes sense or not.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

The Education System has to provide a safe place for those who cannot look for support at home. In this section, we will look at how we can provide it.

Another thing you can do to improve Education is to provide safety and support at schools. Let’s look at some of the potential solutions that can help you achieve that.

Let’s imagine that you have decided to keep the schools open longer during the working week, and on top of that, during the weekend. Let’s see what the impact of this policy is.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

Let’s imagine that you have decided to offer free lunch to all kids at school. Let’s try to analyze whether it makes sense or not.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

The Education System can be very costly. In this section, we will look at some ways to lower the cost of the whole system.

Let’s have a look at the general framework we can use to cut costs

Cost reduction efforts are great because they help you do more with the same budget. Let’s look at specific things we can do in the Education System.

Let’s imagine that you have to check how much money you can save in the Education System. Let’s try to estimate the impact of certain policies.

In this lecture, I will show you the solution to the previously introduced case study.

In this lecture, I will show you the solution to the previously introduced case study.

A lot can be achieved by improving how students learn. You can impact the speed at which they learn, and this will impact both costs and future productivity.

Now, it’s time to look at what kind of things you can do to boost student productivity. We will look at groups of different potential solutions.

To solve the problem, you don’t have to know everything. You just have to know the selected issues. The obvious question is what things you should master and what things you can disregard. Let's see what we recommend doing.

There are a number of interesting methods that can help you understand certain subjects faster. Let’s look at the most useful ones.

Teachers have a huge impact on the costs and the effect of the Education System. In this section, we will look at their productivity.

Before we optimize their productivity, we first have to try to identify what teachers actually do. This will help us find more optimal and scalable solutions.

It’s crucial to increase the Teacher’s Productivity. Let’s look at some of the potential solutions that can help you achieve that.

Let’s imagine that you were hired by the Government to find ways to double the productivity of teachers. You have to come up with ways for the teachers to handle 2 times more students.

Just as a reminder, you were hired by the Government to find ways to double the productivity of teachers. You have to come up with ways for the teachers to handle 2 times more students.

In certain situations, you may be asked to model not the whole system but rather a chain of schools. In this section, we will see how this can be done in practice.

In this lecture, I will show you how you can build the model in Excel and what conclusions you can draw from it.

In the previous section, we showed you how to do a simple business model in Excel for e-commerce. In this section, we will concentrate on modeling the Cash Flow in a simple way.

Imagine that you have to create a financial model that will forecast the cash flow of an e-commerce business selling cosmetics and related products.

In this lecture, we will solve the previously introduced case study.

In this lecture, we will solve the previously introduced case study.

In this lecture, we will solve the previously introduced case study.

In this lecture, we will solve the previously introduced case study.

In this lecture, we will solve the previously introduced case study.

In this lecture, we will solve the previously introduced case study.

In this lecture, we will solve the previously introduced case study.

In this lecture, we will solve the previously introduced case study.

In this lecture, we will solve the previously introduced case study.

In this lecture, we will solve the previously introduced case study.

In this lecture, we will solve the previously introduced case study.

In this lecture, we will solve the previously introduced case study.