Good teachers state grading criteria in advance. They give feedback on many interim assignments and tests, rather than putting the entire burden on the final exam. Managers will themselves be viewed as teachers, and the quality of their teaching will be recognized as a component of their performance. Placement services will receive more emphasis. Schools are evaluated based on how well they place their graduates.
Parents evaluate high schools in part based on which colleges the graduates attend.
Students evaluate business schools in part based on what jobs the graduates receive. Similarly, employees may start to evaluate companies according to the success of their employees in terms of career growth. Companies may need to establish explicit services to place employees in new jobs that promote growth, whether those jobs are within the company or with other firms. How Schools Need to Change Schools have been somewhat insulated from the rapid changes that affect the business world. Business is characterized by what economists call ease of entry and exit.