|
Megatrend |
Early
Education |
K-12
Education |
Postsecondary |
Corporate
& IT Training |
Consumer
Products & Services |
|
Demographics |
60% of moms
with children work |
Enrollment in
K-12 has increased 15% this decade with Generation Y |
More high
school students heading to college than ever before as
well as increase in working adult students |
Continual
retraining of baby boomers |
More children
with parents – and grandparents – concerned about
their education futures |
|
Technology |
Computer
literacy is today’s second language |
Kids love
computers/ valuable school tool |
Technology can
democratize education |
Increasing
access and relevance while reducing costs |
50% of
households have PCs-up to 70% of households with kids |
|
Globalization |
Recognition of
importance of early education worldwide |
Preparing
children to compete in today’s global economy |
Opening our
post-secondary schools to the international market |
Consistent,
multi-lingual training that is accessible globally |
Parental
concern for children’s education increasingly
universal |
|
Branding |
NAECY
accreditation is the hallmark for quality |
As charter
schools and voucher programs proliferate, brands will
serve as differentiating factor |
Best brands
will capture mind share |
Brand name
content is king |
Brands enable
‘short cut’ decision making for parents |
|
Consolidation/
Privatization |
|
Need for sales
force will fuel consolidation in the K-12 industry |
Scale matters |
Convenience of
one-stop shopping demanded |
Competition
for shelf space and marketing mind share |
|
Outsourcing |
|
Accountability
will push schools to providers of best practices |
Students need
post-secondary schools to have effective,
career-oriented education |
Focus on core
competencies creates opportunity for training providers |
Busy parents
look to outside tutors and products to help educate
their children |
|
Source:
Merrill Lynch |