Thursday 5 July 2012

Khan Academy - an educational miracle made in on-line heaven.



Watch. Practice. Learn almost anything—for free.

What started out as Salman making a few algebra videos for his cousins has grown to over 2,100 videos and 100 self-paced exercises and assessments covering everything from arithmetic to physics, finance, and history. 

Management Lessons : Khan Academy


As a retired teacher, fifty-two million lessons is a mind-boggling number, but even more important is value to the process of education with every child learning at their own pace. 
The concept itself postulates applause and praise.The idea aka 'The Dhandha' is not only an awesome idea to make money but it also is a very appreciable venture as far as the society and the younger generation is concerned.I believe every venture has selfish prospects but the one who delivers to the society even after satiating all the business expectations is the one which in true sense can be called SUCCESSFUL.
After what you have done throughout the day, after all the ruckus and chaos you have gone through, and it satiates you and you get a good sleep at night, only then can you call a business successful. Khan academy sure has done a commendable task redefining management perspectives of the market. Many ventures of this sorts have been started before but the kind of success enjoyed by Khan is more than expected.It serves the entire purpose of giving in your best efforts.
Khan Academy is a free educational website developed by Salman Khan. Khan stumbled into online education a few years ago when he began recording videos to tutor his geographically distant cousins in mathematics, according to Wired Magazine. The article states that even though Khan made no effort to publicize the videos, tens of thousand of people a month began to watch them — including Bill Gates, who eventually invested $1.5 million in Khan Academy. Today, the website has delivered more than 150,000,000 lessons to students around the world. 

Kids and teens can learn a wide variety of topics in math and science (as well as art history, economics, and more) from simple arithmetic to calculus and organic chemistry. Kids can watch thousands of video presentations created by experts, do math exercises, and keep track of their progress with tools that show what they've mastered and what they might want to try next. With high-quality lectures and an interactive format, Khan Academy empowers kids to set goals and learn at a comfortable pace.

Vision
To Revolutionize the world of eduction by making available the knowledge online.
A vision is an attribute which should be almost impossible to realize.
Vision is one of the most important part of the organization and it defines what an organization is and what does it want to achieve. Khan academy has a noble vision of providing education to every person in the world. It is almost impossible to achieve it but the kind of passion it induces in the organisation cannot be compared with any other passion in the world.

Mission
Providing a high quality education to anyone, anywhere.
Khan Academy lays down a broad roadmap by asserting to use technology to accelerate the learning of each individual of all ages. With a clear mission , each person working in this organization , knows on what core aspects , his entire effort needs to be focused on.

What is Khan Academy?



Khan Academy is an online non-profit offering free educational resources to students and teachers around the world. The website makes available more than 3,000 educational videos on math, science, finance/economics, humanities and test preparation, all recorded by the Academy’s founder, Salman Khan. In order to process and confirm understanding of the videos, students can work their way through a seemingly endless number of practice problems organized by subject, skill set and difficulty level. The site also incorporates elements of a video game, a social network and a grading system; it offers encouragement to students, a forum for good-natured academic bragging and a powerful set of evaluative tools for teachers.

Khan Academy for Students
Anyone can use Khan Academy. Students can log in through a Google or Facebook account without even registering, then begin watching videos or doing problem sets immediately. The website is easy to navigate using drop-down menus and a “knowledge map,” which looks like a Google map of a constellation, except that each star is labeled with a lesson name. The site rewards users with merit badges for meeting challenges, such as mastering their first skills and completing a series of problems quickly, which make the work feel a bit like a game. Users also have the option of creating a profile and using Khan Academy as a kind of academic social network, adding extra motivation for the Farmville generation.

Khan Academy for Teachers
What really sets Khan Academy apart from other online educational resources is the precision and complexity of the evaluative data it provides to teachers and tutors. By using Khan Academy in the classroom, teachers can gather data on exactly which concepts students are struggling with and which they have mastered. Moment by moment a teacher can know that Billy has difficulty dividing fractions, while Maria has already worked her way through basic algebra. This enables teachers to provide accurately targeted, individual help in a way not possible with traditional evaluative measures.

Khan Academy in Context
Khan Academy is a powerful, accessible and potentially groundbreaking resource for students and educators all over the world. Some teacher have even used it to “flip” their classrooms, assigning lecture videos as homework and using class time to focus on working through challenging problem sets with groups or even individual students. The site has been criticized for reducing education to rote exercises (lectures and drills), but Khan told Wired that he sees it as a more efficient way to move through these exercises, freeing up class time for more dynamic activities. While the website’s role in the larger educational world is still uncertain, the fact that more than 15 Khan Academy problems are solved each second gives some indication of its impact.

Whatever the role of Khan Academy in the larger educational landscape, its value as a resource to both students and teachers is clear. And with a complete mathematics curriculum from basic addition to calculus available for free online, it should have textbook companies re-evaluating their business plans. For students looking for a supplement or alternative to the classroom instruction they receive, and for teachers looking for interactive learning tools and more advanced evaluative measures, the academy has a lot to offer. As the world of education evolves, online and in the classroom, the place of Khan Academy will become more clear.




Revenue Generation
The project is funded by donations. Khan Academy is a not-for-profit organization, now with significant backing from the Bill & Melinda Gates Foundation and Google. Several people have made US$10,000 contributions 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 10 .
By choosing such a revenue model , the organization has moved further towards achieving its mission and vision, ie make education available to all. Therefore, each organization needs to  align its revenue model with the vision it has set for itself.


‘We at The Khan Academy do not believe in this multiple — we believe in optimizing student-to-valuable-time-with-teacher ratio, or even more importantly, student-to-valuable-time-with-other-human-beings ratio. A one-size-fits-all lecture is not the way to go about education says’ Salman Khan, founder of the online educational site .

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