Dream the Same Dream: Design of Sustainable Value Chain Model in Education Industry Based on HMEAYC

Abstract

The education industry is facing increasing pressure to enhance value for its stakeholders, including students, parents, educators, and society. To create more value, the traditional value chain needs to be restructured to be a new value chain that incorporates new activities and technologies. Based on Michael Porter's original theory of the value chain model, a sustainable value chain model for education businesses is proposed in this study based on the Holistic Music Educational Approach for Young Children (HMEAYC) to overcome the boundaries of traditional education organizations and add the value of education businesses in every sector of the education industry for stakeholders of education from academic scholars to children. The developed technology including artificial intelligence contributes considerably to the sustainable value chain, transforming the education industry and enabling personalized, high-quality education services.