Abstract:

Common practice worldwide is conducting education as a business. Many educational institutions, such as schools, colleges, universities, and training centers, operate as businesses. They charge tuition fees, sell educational materials, and may engage in various revenue-generating activities. Critics argue that the pursuit of profit may compromise the quality of education or lead to exclusionary practices. Striking a balance between providing quality education and sustaining a viable business model is a challenge that many educational institutions face. Teachers, educational leaders, administrators, and policymakers play a vital role in making decisions that align with the institution's mission and values. They often benefit from further education and training processes to enhance their effectiveness in their roles. Finding a balance requires a thoughtful and holistic approach that takes into account the needs of both the institution and its students and future teachers and trainees.

By comparing the educational outcomes and processes in an actual private company, which provides certified training and learning with instructors, and a state technical university, the authors will present some examples of potential barriers to a quality education to be kept in mind. This is gauged by examining what students who often go from university into the private sector lack. The conclusions are drawn from the gathered data and recommendations are made for actively addressing these disparities through strategic planning, policy development and resource allocation. This paper will also show how prioritizing innovation and student-centered approaches in both types of institutions can help ensure that all individuals have equal access to quality education and opportunities for academic success.

Keywords:

Learning management systems (LMS), innovation resistance, education sector complexities, EdTech companies.