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Case
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Reference no. SI12
Subject category: Entrepreneurship
Published by: Stanford Business School
Originally published in: 2002
Version: 19 March 2002

Abstract

In 1992, the Reichs started an innovative public school in a low-income area of New York City to provide quality education to urban children that the public school system was not serving properly. They had founded the Beginning with Children Foundation (BWCF) in 1989 as a public foundation to support the school. Alternative public schools did not exist when the Reichs were planning the educational and business model for their school. This case provides the background for the challenges the foundation faced in its first eight years and then opens for discussion what the new strategic direction might be for the foundation after charter legislation passed in 1998 and the Reichs decided to convert the school to an independent charter. The foundation considered: 1) becoming an advocacy organization for charter schools and public school reform, 2) creating new charter schools by replicating the model, 3) converting to a national policy think tank to analyze accumulated data and publish studies, 4) becoming an educational consulting firm to provide strategic management and policy services to 'client' schools, and 5) applying their educational model to turn around troubled schools.
Location:
Size:
10 employees, USD1.27 million revenues
Other setting(s):
1998-2000

About

Abstract

In 1992, the Reichs started an innovative public school in a low-income area of New York City to provide quality education to urban children that the public school system was not serving properly. They had founded the Beginning with Children Foundation (BWCF) in 1989 as a public foundation to support the school. Alternative public schools did not exist when the Reichs were planning the educational and business model for their school. This case provides the background for the challenges the foundation faced in its first eight years and then opens for discussion what the new strategic direction might be for the foundation after charter legislation passed in 1998 and the Reichs decided to convert the school to an independent charter. The foundation considered: 1) becoming an advocacy organization for charter schools and public school reform, 2) creating new charter schools by replicating the model, 3) converting to a national policy think tank to analyze accumulated data and publish studies, 4) becoming an educational consulting firm to provide strategic management and policy services to 'client' schools, and 5) applying their educational model to turn around troubled schools.

Settings

Location:
Size:
10 employees, USD1.27 million revenues
Other setting(s):
1998-2000

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