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Toyota Adds Forpro Education to Its Portfolio
TheBizofKnowledge ^ | June 15, 2006 | Dr. Bill Belew

Posted on 06/20/2006 6:48:46 PM PDT by G. Stolyarov II

Former Toyota President Shoichiro Toyoda has founded Kaiyo Academy, a $175-million school that he modeled after Britain's Eton Academy -- a school that boasts 19 British Prime Ministers among her alumni and the second-in-line to the throne, Prince William.

In Japan there is dissatisfaction with the 'dumbing-down' of its curriculum. Four years ago, the government cut 30% of the workload off the elementary and junior high school curriculum.

Toyota's Kaiyo academy is attractive for many reasons.

1. It is backed by Toyota.

2. It is focusing on developing kids who can do more than just pass exams.

3. It is backed by Toyota.

4. The facilities are first-rate.

5. It is backed by Toyota.

6. Wireless enabled, grand pianos in the music rooms -- attention to detail that you expect from Toyota.

7. It is backed by Toyota.

8. It will have high-quality teaching and first-rate educational resources.

9. Did I say it was backed by Japan's corporate superstar, Toyota?

It costs about $26,000 a year to attend, and of course there are rigorous testing requirements to just get in. Asians love this sort of thing, and the Japanese are no different.

And, of course, there are critics.

1. It is open to boys only.

2. Toyota, and its partners, Central Japan Railway and Chubu Electric Power, don't know anything about the education business.

Toyota reckons it can spare some of the $12.5 billion it earned in the first quarter of this year to learn how to do education better.

My money is on Toyota and its influence in the forpro industry in Japan.

What do you think?

TOPICS: Business/Economy; Education; Society
KEYWORDS: academy; capitalism; curricula; curriculum; eton; etonacademy; forprofit; japan; kaiyo; kaiyoacademy; learning; opportunities; privateschool; profit; profits; student; students; toyota
This article is another illustration of how private enterprise can excel in the field of education. Toyota is not only a highly responsible, high-quality company in the field of automobiles; it is extending this responsibility and high quality into education as well. On the free market, the most rational, responsible, and innovative entrepreneurs are the ones who win and serve as the prime movers of technological and social progress. See Dr. Belew's blog at TheBizofKnowledge
1 posted on 06/20/2006 6:48:51 PM PDT by G. Stolyarov II
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To: G. Stolyarov II
What do you think?

I think Honda makes better cars than Toyota does.

2 posted on 06/20/2006 6:54:31 PM PDT by tomzz
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