Increasing Business Value for Stability in the Need Private Schools amidst Pandemic
Edgardo S. Delmo and
Sheryl R. Morales
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Edgardo S. Delmo: Polytechnic University of the Philippines – Quezon City Branch
Sheryl R. Morales: Polytechnic University of the Philippines – Quezon City Branch
International Journal of Research and Innovation in Social Science, 2022, vol. 6, issue 1, 136-139
Abstract:
In 2020, the COVID-19 pandemic struck every part of the world, disrupting every government economic mantle and not sparing the private or non-state education sector. In the Philippines, the Department of Education (DepEd) announced in September 2020 that 864 private schools were closed for the S.Y. 2020-2021 due to declining family income along with a 107-year-old Catholic school. With the current government policy of free Basic and Higher Education, the business value of the private education sector has declined over time. As a way forward, this theoretical research paper aims to provide a possible approach for the private education sector to modify its business value creation in this increasingly demanding valuation environment. The recommendation is that the private-own or non-state education sector must forge partnerships with organizations providing free and open-source platforms. Reevaluate to migrate from face-to-face classroom to online learning institution on a post-COVID world. Finally, seek government support made available for the private or non-state education sector enacting legislation that would allow funding for a blended learning system.
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:6:y:2022:i:1:p:136-139
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