GUIDING PRINCIPLES FOR FOSTERING ECONOMIC GROWTH IN PRIVATE SECONDARY SCHOOLS ILLUSTRATION THROUGH THE BUSINESS MODEL GENERATION

Education, as the primary driving force in any society, demands special consideration when adapting the education system's concept for enhanced efficiency and competitiveness while ensuring the delivery of high-quality educational services. Observations, not only in the Republic of Serbia but a...

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Bibliographic Details
Published in:International review (Faculty of Business Economics and Entrepreneurship) 2023, Vol.2023 (3-4), p.81-91
Main Authors: Penjišević, Aleksandra, Nikitović, Zorana, SOMBORAC, Borko, D'Arconte, Carmine
Format: Article
Language:English
Subjects:
business model generation
Economy
quantitative research
secondary education
strategic analysis
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Summary:Education, as the primary driving force in any society, demands special consideration when adapting the education system's concept for enhanced efficiency and competitiveness while ensuring the delivery of high-quality educational services. Observations, not only in the Republic of Serbia but also in various other nations, indicate that private schools can stand as equal participants in the educational services market, and in some cases, even surpass public schools in terms of quality. Simultaneously, private schools are driven by business goals.The paper specifically addresses the attainment of specific objectives, such as formulating a strategic vision that delineates the key competencies of private high schools and outlines their strategic choices. To fulfill this objective, the Business Model Generation was employed to delineate the forthcoming operational and strategic objectives of the school. Utilizing both general and specific quantitative methods, alongside business modeling, will shape an appropriate development strategy aimed at enhancing the competitiveness and quality of service provision in private high schools
ISSN:2217-9739
2560-3353
DOI:10.5937/intrev2304080P