Employment seeking persons have been short changed by the Education
System. A society investing heavily in education to produce Workers and
Management but ignoring, for the most part, Ownership, is doomed to failure. Failing
to encourage and support persons, risk-takers, willing to create jobs, is a
huge mistake. A nation with a highly skilled and trained population and
constantly producing new graduates, desperately needs new and expanding sectors
and industries to keep pace. Major adjustments, to the nation’s education
system, are needed, to better the use of the education investment and to
imposed better results in its population.
The Education System traditionally maps people into
Employment (Workers and Management) leaving Entrepreneurial (Ownership) lessons
to family and already established business communities. Understanding and
accepting that a nation’s success is its constant improving of standards of
living and the happiness of its citizenry. And noting that, the nation’s Standard
Industrial Classifications (SIC) must be constantly adjusted to capitalize on
growth of Gross
Domestic Product (GDP) in each sector and industry category. And also, that
this calls for new and better Business Models. The nation’s leadership must,
therefore, change its education system to produce more interest in Ownership by
incorporating Entrepreneurship into its Education System.
Government role, using Taxpayers Funds to finance
its education efforts, is to insist that Colleges and Universities Degree
Programs, consist of numerous hours of On-the-Job Training, Internship and Apprenticeship.
These Tertiary Degree Programs, designed and driven by local sector and
industry needs, must link traditional lectures and laboratory research with
real world and real-life opportunities. Such elected representatives must, for
its population advancement and productivity measured by GDP, create an
environment for citizens to learn and to gain actual working experience. The objective
is to constantly educate individuals to supply workers and managers for the
nation’s productive SIC sectors and industries.
Young students must now understand and be given the
opportunity and encouragement to join the productive class with professional
and vocational talents, join management class to provide oversight with
administrative skills or to join the ownership class by investing time and
resources into bettering operations. Such young persons should be given
encouragement and support to invest their time into developing new or better ideas,
which may grow into new or better industries. An idea,
and the idea promoter's very valuable sweat equity, along with initial support
via public policies and structured programs, with matching private sector
contributions, must be encouraged, motivated, incubated and respected, to
further support the next idea
into industry.
Incubation is the comparative form of On-The-Job
Training for Owners. Volunteers, Mentors, experienced Entrepreneurs,
Risk-Takers, Owners, who are willing and able to guide such programs as case
managers, formed into a steering group must be engaged. In many cases, the case
manager would co-join skills such as; a trained technician (mechanic,
electrician or other vocationally educated) and a qualified manager, bringing
together to incubate service-based industries through to guide Strategic
Planning. Extracting a Prospectus to raise Equity/Capital Investment, a Business
Plan to secure Debt/Loans Funds, making decisions on structure, location, fixed
assets, operating and administrating expenses. Hence, with growing Sales, collecting
Revenue, and generating profits, these new or better ideas, successfully incubated
into new or expanded industries, will constantly create Jobs.
Rationale
T.A.J
& Associates Company Limited
uses this occasion to comment on topics that have been covered, both academically
and by the mainstream media, to add its opinion and point out investment
opportunity, not to invoke any social action.
