KHAN ACADEMY and Principles

"Cynicism will eat at your energy and potential, and to fight it, you should smile with every atom in your body” by Salman Khan founder of Khan Academy.

 WHAT IS KHAN ACADEMY ?

TAG LINE : A free world-class education for anyone anywhere.

The Khan Academy is an organization on a mission. They are a not-for-profit with the goal of changing education for the better by providing a free world-class education to anyone anywhere.
All of the site's resources are available to anyone. It doesn't matter if you are a student, teacher, home-schooler, principal, adult returning to the classroom after 20 years, or a friendly alien just trying to get a leg up in earthly biology. The Khan Academy's materials and resources are available to you completely free of charge.

Here is the insight into what khan academy is doing.

FROM THE PERSPECTIVE OF MANAGEMENT PRINCIPLES WHAT WE HAVE LEARNED FROM ABOVE INTRODUCTION ?

First : Goal setting is the key to portray your Idea to the world effectively.

Khan academy is clear that they are looking to change the education for the better  by providing a free world-class education to anyone anywhere and they are stating that unabashedly.

Principle of management says about Importance of Goal Setting that:

          

             Goal Setting forms an integral part of all the practices carried out in organizations in today's world. Goals represent in a quantitative/qualitative form the various expectations managers have of their subordinates. It's an effective tool for making progress within the organization as well as helping the organization itself to grow.

 Using the similar strategy Khan academy has set for itself a goal which is providing propellant for this organization and helped the organization to reach the you tube video count from 800 to over 11760 videos.

 Here is a video which tells the growth story of Khan Academy.

 "There is an iron law of responsibility which states that in long run those who do not use power in a manner that society considers responsible will tend to lose" by Keith Davis


Second : Social responsibility and Business ethics can provide a company leverage to grow beyond its imagination.


Khan academy is growing day by day and  increasing its customer base because all of the khan academy site resources are available to anyone.Its course content is being accessed by a student, teacher, home-schooler , principal or anyone who is inquisitive.

 Principle of management says about Social responsibility and Business ethics that:

          A company will be seen as socially responsible if it operates in an open and accountable manner, uses its resources for productive ends, complies with regulatory environment and acknowledges and take responsibility for its actions.

           In view of concept of Enlightened self interest which states that "It is in the enlightened self interest of organizations to be socially responsible - or at least responsible to social forces.

Khan academy is funded by donations.Khan Academy is a not-for-profit organization, now with significant backing from the Bill & Melinda Gates Foundation and Google.

Facts about finances-

• Several people have made US$10,000 contributions; 
•  Ann and John Doerr gave $100,000; 
•  Khan academy's total revenue is about $150,000 in donations. 
• Additionally, it also earned $2,000 a month from ads on the Web site in 2010, until Khan Academy ceased to accept advertising. 
• In 2010, Google announced it would give the Khan Academy $2 million for creating more courses and for translating the core library into the world’s most widely spoken languages, as part of their Project .

Name : Mohit Sharma

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