A Quality Standard Just for Education from National Institute of Standards and Technology

NIST took lessons from the best run businesses and spent years developing a set of quality standards just for schools.

In business, quality means uniformly meeting a given standard; in education quality means individual students achieve their individual potentials.

Unlike business, quality concepts like statistical process control do not achieve efficiencies that reduce the number of direct labor hour required to produce "a product."

Edison Schools: When Schools Are Run Like a Business

Edison Schools Share Price

From a high of $38 in 2001, Edison shares dropped to 50 cents, which threatened its elegiblity to trade on the Nasdaq Stock Exchange. Edison recovered from the low with the help of The Nieman Group, an advertising and public relations firm. Moreover, communities with these schools--run like a business--are dissatisfied.