Managing schools in periods of global economic meltdown

Abstract

This study involves an analysis of the possible impact of the current global economic meltdown on the management of schools. Economic meltdown is used to refer to economic recession; and school management is used in this paper in two senses. It is used to refer to the group of elites that administer a school; and also to refer to the use of available resources in a school through team efforts to achieve the educational objectives of the school. The immediate effect of economic meltdown on organisations is the inability to maintain the current productive capacity owing to inadequate fund. This explains why companies are either reducing their sizes or closing down. It raises the possible implication of governments’ control measures, such as the cutting down of expenditure which may likely affect educational expenditure. Definitely this will be having an adverse effect on the school system as statutory allocations to schools may cease or be reduced. The school system may also close down if it gets to the extreme, hence the need to begin strategizing against such unpleasant situations. The school management needs to look for alternative systems of funding and guide against financial impropriety. Otherwise, the school system will collapse.