With the surge in demands for employable labour, the education industry is now facing new challenges. The traditional models of profitability have become obsolete. Scores of management and technical institutes in the country are facing serious problems in finding students; pushing their operations to sub-optimal levels and even closure.
The problem is multi-fold starting from the policy to the execution and the nature in which these businesses are operating.
Touted once upon a time as a recession proof sector, today the changed education sector is seeing more dynamics of business forces than ever. This has largely affected all the players in different ways.
The general structure of the education sector is a combination of the following players