Business Economics Performing and Reforming Leaders

Question: Discuss about the Business Economics for Performing and Reforming Leaders. Answer: Introduction For this research essay, I would like to select Australian education industry as an individual industry to do study of individual behavior in an effective manner. The main reason behind it is that, Australian education industry is fast growing industry as compare to other industries. Along with this, there can be seen regular and modern development in the education industry of the nation. In the previous years, several innovative developments and trends occurred in the Australian education industry. This developments and trends have changed the repute of the industry. Along with this, modern dynamic educational policies and strategies are the major causes of the development within the industry. These dynamic trends and developments have enhanced the image of Australian education industry at the global level (Australian education system. 2016). This research essay would also be helpful to describe the current trends of Australian education industry. In addition to this, in this essay , different types of development of the education industry would also be discussed to accomplish the outcomes of the research in an appropriate manner. Moreover, this research essay would also be helpful to develop a clear understanding about the Australian education industry in the minds of students and researchers. Reforms in Australian Education Industry In the present day, Australian education industry is considered as the most dynamic and innovative industry in the world. It is because of the education system of Australia includes both local and global students in an equal manner. Apart from this, nowadays, there can be seen major changes in the education system of the nations. For case, currently, it is the most cost effective and encouraging industry in the world. The government of the nation has developed modern educational methods to motivate the global students (Graham, 2013). Moreover, with the help of Australian education industry, students of all the nations may fulfill their educational dreams in a proper manner. Along with this, the Australian government has classified the education system in the three major parts: tertiary, primary and secondary only to improve the education system of the nation. On the other hand, the dynamic educational policies and strategies of nation motivate third parties to make their contributions in the development of the industry. The government provides financial support and effectual infrastructure to improve the education level of the institutions, universities and schools of the nation (Eggins, 2014). Moreover, the Australian government has adopted an enforced education system to decrease the educational issues within the industry. The federal government plays a major role to provide necessary amenities and adequate subsidy facilities to the education industry of the nation. The government monitors the performance of the education system on the regular basis. Along with this, in the previous years, there can be seen quick developments in the educational sector of the nation. These developments reveal scrupulous changes within the educational framework. For case, there is a wide variety of compelling procedures within the Australian education sys tem. This procedure is essential in order to make the system more imaginative and victorious at the global level (Bonnor and Caro, 2007). In addition to this, the other major reform in the education industry is that it is able to improve the aptitudes, knowledge and capacities of students as well as learners for their bright future. Moreover, the government of Australia plays an important part by offering different unique educational techniques and approaches to the industry (Group of Eight Australia. 2014). The Australian government is implementing different rules and regulations in the education industry; so the nation may focus on free and compulsory education for the overall development of the people. The major goal of the Australian government is the endorsement of education in each and every corner of the nation. Apart from this, the research shows that, the Australian government has increased its budget on education in recent years. The government established numerous types of NGOs and public associations to build up an innovative as well as energetic educational culture within the nation. These NGOs and public associations encourage education inside and outside of the nation (Blackmore and Sachs, 2012). On the other hand, Australian education system is practical oriented instead of theory oriented. It is also major reform that has been done in the industry (Schiller and Liefner, 2007). The education industry does not focus on the theoretical knowledge. It focuses on the overall physical and mental development of the students or learners. The government of nation offers numerous scholarships and also conducts training programs to encourage the students for the education. For example, the Australian government has developed Commonwealth Grants Scheme to give financial support to the scholars. The Australian government also established different types of financial institutions to offer educations loan facilities to the poor apprentices. For case, higher education loan programs have granted loans of numerous students; so they can complete their high education in a proper manner (Smith, 2010). Along with this, the other major reform is that the Australian government has initiated numerous policies and procedures for the fee deregulation, subsidy cuts, and system development at the global level (Australian Government. 2004). In this way, it can be assumed that, there have been done numerous reforms in the education industry of Australia. These reforms are helpful to lessen the problems of education system of the nation. These reforms are helpful to improve not only the education level, but also the employment and income level of the nation in an effectual and a significant manner. Conclusion On the premise of the above discussion, it can be assumed that, the Australian education industry has become prominent in all over the world. The modern policies and tactics of the Australian government make the education system more valuable and supportive for the scholars. Along with this, the funding facilities and subsidies provided by the government, NGOs and public organizations play a significant role in the overall development of students or learners. Moreover, the government has made a provision in which education is a compulsory for each and every person of the nation. This is the most important reform that has been done in the education industry of Australia. References Australian education system. (2016). Study in Australia. Available At: https://www.studyinaustralia.gov.au/global/australian-education/education-system [Accessed On: 8th Dec. 2016] Australian Government. (2004). National Report of Australia. Available At: https://www.ibe.unesco.org/International/ICE47/English/Natreps/reports/australia.pdf [Accessed On: 8th Dec. 2016] Blackmore, J. and Sachs, J. (2012). Performing and Reforming Leaders: Gender, Educational Restructuring, and Organizational Change. USA: SUNY Press. Bonnor, C. and Caro, J. (2007). The Stupid Country: How Australia is Dismantling Public Education. USA: UNSW Press. Eggins, H. (2014). Globalization and reform in higher education. Australia: University of Michigan. Graham, J. (2013). Global Education Reform Movement. Professional Voice, 9(3), pp. 5-47. Group of Eight Australia. (2014). Micro-economic reform of the Australian higher education industry: Implications of the Abbott Governments Budget of 13 May 2014. Available At: https://go8.edu.au/sites/default/files/docs/article/edutech_presentation__4_june_2014pdf_version.pdf [Accessed On: 8th Dec. 2016] Schiller, D. and Liefner, I. (2007). Higher education funding reform and universityindustry links in developing countries: The case of Thailand. Higher Education, 54(4), pp.543-556. Smith, E. (2010). A review of twenty years of competency?based training in the Australian vocational education and training system. International journal of training and development, 14(1), pp.54-64.