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Education and Economic Development: A Framework for Analysis and Development

Education and Economic Development: A Framework for Analysis and Development. Presentation to Kingston College August 4, 2006 By Dr. Gervan Fearon York University, Toronto, Ontario. Education and Economic Growth. Economics context: Overall government expenditures

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Education and Economic Development: A Framework for Analysis and Development

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  1. Education and Economic Development: A Framework for Analysis and Development Presentation to Kingston College August 4, 2006 By Dr. Gervan Fearon York University, Toronto, Ontario

  2. Education and Economic Growth • Economics context: • Overall government expenditures • Overall economic activity (GDP) • Individual household expenditures • Capital stock per person • Solow Model of Economic Growth • Social – cultural context: • Cultural priority and focus • Social capital • Authur Lewis – Human Capital • Endogenous Economic Growth • Evolutionary Economics

  3. Industrialized, Centrally Planned, LDCs – Per Capita GDP

  4. Selected Per Capita GDP

  5. Capital Stock per Person - Jamaica

  6. Education • Observations – economics growth and capital stock in Jamaica has been outpaced by developments in Industrialized Countries. • Economic and Social Progress must focus on: • Human Capital • Social Capital • Kingston College • How can Kingston College play its role in the economic and social progress of the nation. • Strategic Planning and Operational Framework

  7. Strategic Planning and Operational Framework • Situation analysis • Logic Model • Implementation plan and evaluation • Translating Concept into Action • Overcoming Inertia • Taking Ownership • Celebrating Success and Continuous Learning

  8. Situation Analysis

  9. Situation AnalysisA Problem Analysis Approach - Overview Problem Definition • Desired situation • Existing situation • Problematic gap • Strategic and operational plan for closing the problematic gap • Resource utilization and capacity • Measurement of success • Implication for problematic gap and communication to stakeholders

  10. Situation AnalysisA Problem Analysis Approach – Desired situation • Desired situation • Value, vision and mission • Clients and Stakeholders • Products and Services • Resources and Capacity • Expected outcomes and measurements of success

  11. Situation AnalysisA Problem Analysis Approach – Existing Situation • Existing situation • Value, vision and mission • Clients and Stakeholders • Products and Services • Resources and Capacity • Expected outcomes and measurements of success

  12. Situation AnalysisA Problem Analysis Approach – Problematic Gap • Problematic gap • SWOT analysis • Strengthens, weaknesses, opportunities and threats • 360 Degree Analysis • Clients and Stakeholders • Governance and organizational analysis

  13. Situation AnalysisA Problem Analysis Approach – Strategic Options • Strategic Options • Description of the option • Impact analysis • Impact on clients and stakeholders • Impact on product and services • Impact on unit and organization • Impact on value, mission and vision • Impact on resources and capacity • Strategic and operational plan for implementing option • Expected outcomes and measurements

  14. Situation AnalysisA Problem Analysis Approach - Resource utilization and capacity • Human Resources • Administrative support and structure • Governance mechanism and procedures • Computer and information technology • Financial resources and physical capacity • Institutional framework • Environmental capacity

  15. Situation AnalysisA Problem Analysis Approach - Measurement of success • Expected outcomes • Actual outcomes • Five key measures of success • Four common to all units and departments and one unique

  16. Outcome Measurement and Evaluation

  17. Problem Analysis - Reality Metric of Success Desired Situation Option 1 Option Analysis Problematic Gap Option 2 Option 3 Existing Situation Option 4 Inertia Option 5 Time Complainants Dreamers Problem

  18. Problem Analysis - Static Metric of Success Desired Situation Evolved Selected Problematic Gap Strategic Option Existing Situation Today Interim Evaluation Final Evaluation Time

  19. Metric of Success Desired Situation II Existing Situation II Desired Situation I Existing Situation I 2006 2007 2008 Time Problem Analysis - Dynamic 2010

  20. Logic Model

  21. Logic Model

  22. Implementation plan and evaluation

  23. Concept into Action

  24. Tradition vs Continuous Learning Environments • Overcoming Inertia • Taking Ownership • Celebrating Success and Continuous Learning

  25. Metric of Success Desired Situation II Existing Situation II Desired Situation I Existing Situation I 2006 2007 2008 Time Kingston College 2010

  26. Next Steps • Strategic Planning and Operational Framework • Action Plan • Conducting strategic and operational planning • Implementing planning • Learning by doing • Evaluating and innovating

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