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Business-Education in Kazakhstan: Opportunities and Development Strategy

3 Abstract: The purpose of this paper is to study the scope of business education and development strategies for its expansion in Kazakhstan. To accomplish the aimed task following strategic analysis methods SWOT, PEST-analysis along with the nine-factor model of strategic management were used. The authors analyzed the current state of the education market in Kazakhstan and studied closely the Kazakh model of business education: revealed strengths and weaknesses and developed strategic map of the business education process. Practical implications of study results are directed to address objectives of the business schools on the basis of the development strategy. The recommendations and conclusions of the study are intended for a wide range of experts in the field of business education in the universities.