Fortune at the Bottom of the Pyramid

2017-01-11 10:24

Ordinary South Africans are increasingly investing in quality education for their children. Many people realizes that the majority of public schools are falling short and therefore are seeking alternatives. The solution is the private schools rising up in the inner cities. The evident value and worth of these schools can be literally felt and held.

What is so special about these schools is that they provide excellent service and quality education at the base price. This is what the renown business strategy professor CK Prahalad calls fortune at the bottom of the pyramid.

The private schools have responded well by curtailing quality education to measure up with the budgets of ordinary citizens. That is great contribution they are making in advancing the country.

These private schools are the places of inspiration and hope for most parents. Their success can be seen by the fact that all of them outclass and outperform many of the public schools in the townships and rural areas. They offer value for money while providing excellent focused education. They deserve full support. By support I do not mean interference by the politicians eventually killing the sector. So there is solid gold at the bottom of the pyramid.

That is the reason why buses, taxis and cars everyday of schooling empties students from neighboring townships into the cities into these schools. The parents have found hope and answer to their desire of giving quality education to their children thus bettering their future.

Princeton University Economist Angus Deaton who has just won the Nobel Prize in Economics reflect further on the concept of fortune at the bottom of the pyramid. In his 2013 book: The Great Escape and the Origins of Inequality bring the issue of injecting quality education at the bottom of the pyramid. He speaks about how to become innovative and creative in providing world class quality education to the children of the more socio-economically challenged of society as part of a movement for economic freedom, while in the process you are able to reap profits. Good business sense where everyone benefits.

In education, nothing is more important than a committed passionate teacher. The reason why these schools succeeds is because they have committed teachers, something that is lacking in most of the public schools where teachers instead of working are involved in politics or pursuing some private business or a cornering a tender. At the end of the day you find that people's lives are ruined for life. So the private schools in the inner city are a great escape for the majority of the parents.

People have come to realize that the destiny of their children is in their hands and they are determined to go the extra mile to ensure their children receive better quality education. Its a new dawn and it spell of a better society.

“Education is the most powerful weapon which you can use to change the world.” - Nelson Mandela


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