Tuesday, June 17, 2008

Private Strategic Education and Training

0:09

I was reading yesterday in the newspaper that there is a significant rise in the number of private schools in Quebec, Canada. Parents are now willing to pay up to $20,000 a year so their child can attend 100% privately funded schools.

This trend will also happen in workplaces, where employees will seek coaches and trainers who will train them so they get an edge in the job market. Same thing with entrepreneurs: they will seek the best coaches and trainers to give them the skills they need to succeed.

It's a trend I call "private strategic education and training."

This is happening because the world has become an incredibly competitive place. The new economy is, in fact, the "Olympic" economy, where the best in any one country will have to compete against the best in other countries. The Internet indeed eliminates geographic, temporal and spatial barriers.

At GM and Ford, managers have on their computer screens two dashboards, one showing the wages and productivity of their own workforce, and another showing the wages and productivity of workers from China, India, etc. As soon as the second dashboard looks more profitable than the first, the decision to lay off workers will be made.

Unfortunately, most people work at their jobs without knowing the above. Until, of course, they get the pink slip.

Then, there are people who are looking for a "home business," and the reasons are quite obvious: they want flexibility, freedom, etc. They want to be their own boss.

Yet, the very expression "home business" is misleading. As mentioned earlier, what is important to survive economically is excellence. So whether you work at home or not, doesn't matter.

What matters is whether you work "at hone": that is, are you honing your skills and competencies all the time? Clients really don't care where the provider is, physically speaking. They only care about results.

And the best results -- that is, the ones that will enrich you -- are produced by your mind, your imagination, your creativity.

Yet, these are not exactly what we have been taught at school. So because there is this huge gap in what the educational system is teaching us, and what the new economy requires of us, there is the emergence of institutions or companies that provide "strategic education and training."

The recipe for success, then, seems to be: 1. Choose a line of work where you want, desperately, to become the VERY BEST. 2. Practice daily until you DO become the best at it.