Developing the Business Case
The report, launched by Accenture, the Center for Universal Education at the Brookings Institution, and the Global Business Coalition for Education, highlights shifting demographics and migration patterns that affect education systems in emerging markets. As workers retire in Western Europe and the US, wealthy countries will look to emerging markets to fill their vacancies. The report identifies a business case to advance global education goals based on rigorous data analysis and a case study on India.
A joint effort between the UNESCO, UNICEF, the UN Global Compact, and the UN Special Envoy for Global Education, the framework offers a three-part process for business to engage responsibly in the education sector. Business can derive benefits from engaging in education by: fostering innovation in its products and services, addressing operational risks, improving brand leadership and enhancing their reputation, boosting employee morale and retention, and developing the capacity of future employees.
Developed by FSG, major companies have long depended on governments to educate their future employees, but traditional education systems are no longer delivering the skilled graduates that companies want to hire. A new wave of companies is taking a far more active role by partnering with schools, nonprofits, and governments to improve educational outcomes directly. Through the concept of shared value, these companies are finding new ways to grow revenue and increase productivity by helping to raise levels of student and workforce achievement.