By Yannis Karmokolias, Jacob van Lutsenburg Maas
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Extra resources for The business of education: a look at Kenya's private education sector, Part 63
It appeared that some of the schools in the survey were not managed optimally so that, should the demand for education ease up, they would find it difficult to survive. Some schools experienced high operating margins simply by exploiting characteristics of school operations which provide natural profit "drivers". Zero accounts receivable and zero inventories-due to prepayment of fees. g. at primary level, students normally move stepwise up the cycle, making the supply of complementary inputs very predictable for several years.
Disseminate basic statistics on operation of the sector so that both educators and parents can make better-informed decisions. Remove disincentives from attending private schools, such as an education levy. Finance means-tested bursaries or scholarships so the poor can send more of their children through upper primary and secondary school and beyond, as far as their talents can take them. Should the Government borrow funds from IDA or even IBRD and on-lend them to private schools or universities?
Sagariwith Gabriela GuidottiNo. 14Trends in Private Investment in Developing Countries, 1992 edition. Guy P. Pfeffermannand Andrea MadarassyNo. 15Private Sector Electricity in Developing Countries: Supply and Demand. Jack D. GlenNo. Guy P. Pfeffermann and Andrea MadarassyNo. 17How Firms in Developing Countries Manage Risk. Jack D. GlenNo. 18Coping with Capitalism: The New Polish Entrepreneurs. Bohdan Wyznikiewicz, Brian Pinto,and Maciej GrabowskiNo. Edwin MansfieldNo. 20Trends in Private Investment in Developing Countries 1994: Statistics for 1970-92.