Tuesday, September 16, 2008

An Innovative Business Model for Helping the Society

One of the first things you learn in a B-School, is that for any business to succeed is the need for a good business model. The same I believe can be applied to social service. The problem with most social service initiatives in the country today, is that they don't consider the basic understandings of the people working for them. Also most of them struggle to become self sustainable and are overly reliant on the altruistic spirit of human beings. Which is my most of them get underway but fail to take off and don't make a significant impact.
Recently however I had the opportunity to listen to a very impressive presentation by a group, which I really believe have an idea that will work. The organisation was called Teach For India and they proposed an idea which can go a long way in eradicating educational deficiencies of the impoverished section of the country. The basic idea was this : the organisation planned to go around the country to the finest educational institutions and aim to recruit the best students from these universities, through quite a rigorous selection process I might add, and then train them to teach in a government school in a poor section of the country for 2 years. Now after this is where the real innovation comes in. After the 2 years of teaching experience the participants in the program are free to stay or leave to return to their careers and ambitions. And in order to facilitate that the group plan to (and have already started) to establish ties with corporates and educational institutions, to allow people to take up deferred job placements and the educational institutions provide preferential treatment to people who have undergone this program. This program which has already been tried in the USA included institutions such as Harvard and organisations such as Goldman Sachs.
Now here is why this plan can work:
- The people who sign up for this program are amongst the most intelligent and well educated, which increases it's chances of success.
- They have something tangible to gain out of this. A great experience which will add on to your resume`. A better chance to get into a good college (SPJIMR has already signed up for this program with Teach for India, and several other prestigious institutions might do so).
- For graduates with time on their side, many of whom often spend few years unnecessarily in meaningless jobs only to go on and do an MBA, this is a great chance to do something worthwhile and also to improve their chance for success.
- Most importantly, the organisation is self sustaining in the long run.
I wanted to share this idea with you because I believe it's a model for not only improving education but also for all other forms of social service in the country. Basically what we need more than just a spirit it needs to be modeled properly, we need to provide sufficient value to the people who are a part of it. The problem with our country is that we jump into action without enough thought and planning. Whether it be improving education or flood relief, we are far more comfortable throwing money and charity than trying to finding a viable solution.
I truly hope that the 'Teach for India' innovation succeeds, at least it will act as a fine model for others.

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