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New Business Models for Higher Education

On 08/27/2010, in business side of he, for-profit, future of higher education, game-changing environment, higher education, innovation, new business models, traditional / tradition, by Daniel Christian

New Business Models for Higher Education — from David Collis, Yale University [via Educause]

Collis assesses the new higher education marketplace, replete with distance learning courses offered online. He reviews the business models of dozens of for-profit Internet based firms entering the higher education market, compares their strategies with those of traditional colleges and universities, and projects the effects of the new entrants on established institutions. Collis concludes that the new firms will move more quickly along a technology-enabled learning trajectory, which in the end will put them at a distinct advantage when they move from their most common point of entry — the corporate market — into the traditional higher education realm.

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Academic Bankruptcy

On 08/24/2010, in Walmart of Education, business side of he, cost of getting a degree, dangers of the status quo, future of higher education, game-changing environment, perfect storm, by Daniel Christian

Academic Bankruptcy – NY Times Opinion — by Mark Taylor, Chairman of the religion department at Columbia University and the author of the forthcoming “Crisis on Campus: A Bold Plan for Reforming Our Colleges and Universities.”

With the academic year about to begin, colleges and universities, as well as students and their parents, are facing an unprecedented financial crisis. What we’ve seen with California’s distinguished state university system — huge cutbacks in spending and a 32 percent rise in tuition — is likely to become the norm at public and private colleges. Government support is being slashed, endowments and charitable giving are down, debts are piling up, expenses are rising and some schools are selling their product for two-thirds of what it costs to produce it. You don’t need an M.B.A. to know this situation is unsustainable.

With unemployment soaring, higher education has never been more important to society or more widely desired. But the collapse of our public education system and the skyrocketing cost of private education threaten to make college unaffordable for millions of young people. If recent trends continue, four years at a top-tier school will cost $330,000 in 2020, $525,000 in 2028 and $785,000 in 2035.

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A quote re: a piece of the perfect storm in higher ed…

On 08/24/2010, in budgets, business side of he, dangers of the status quo, future of higher education, game-changing environment, higher education, new business models, perfect storm, by Daniel Christian

“While I still haven’t given up on state government’s role in supporting public higher education,” [Boise State University President Bob Kustra] said, “with each passing year I see more clearly that the funding of higher education as we experienced it in the past will not be replicated in future years.” Boise State needs to re-examine the business model universities use and construct a new one, according to Kustra.

– from What’s next for Boise State?: Kustra asks for a new business model at State of the University Address

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Are there lessons here for institutions of higher ed?

On 08/23/2010, in Walmart of Education, adding value/not a commodity, budgets, business side of he, change, changing business models, cost of getting a degree, dangers of the status quo, future of higher education, game-changing environment, innovation, perfect storm, by Daniel Christian

BlackBerry crumble: Why RIM is in trouble — from cnn.com

chart_ws_stock_researchinmotionltd.top.png

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BlackBerry’s biggest problem: The app gap (From DSC: RIM didn’t build the infrastructure / ecosystem necessary to compete)
With that in mind, some worry that there are eerie similarities between Research in Motion and Palm, the once-hot smartphone maker that failed to keep up with Apple, Research in Motion and others.

After Palm’s Pre phone flopped, the company’s stock took a nasty dive and some feared that it may not have enough cash to make it for the long-term. Hewlett-Packard finally stepped in and agreed to buy the company earlier this year, however.

Chris Bulkey, an analyst with Technology Research Group in Narberth, Pa., said Research in Motion could suffer the same fate. For now, the company’s sales and profits are still growing, but the pace is slowing.

And without a hot product on the horizon, Bulkey, who has a “sell” rating on the stock, said it’s hard to envision a bright future for Research in Motion.

“Research in Motion sells a commoditized product. There is margin pressure and the revenue growth is weak,” Bulkey said. “Over the long-term, they may need someone to bail them out like HP did with Palm if they see value in the technology.”

From DSC:
Along these lines…I recently received a call from a colleague who mentioned that Novell has recently been pushing their new videoconferencing product…hmmm…WAAAAAYYY too late to the game in my opinion. Here is a company who could have dominated the web-based videoconferencing and collaboration space — had they been able to innovate better and to think just a tad outside their normal LAN box.

If what we are offering in higher ed is a commodity…we had better look out! Times ahead will be very rough indeed. That’s why I have been preaching innovation, change, the dangers of the status quo, planning for the “Forthcoming Walmart of Education” and trying to create a strategy whereby we are not a commodity — as we all must bring something unique and compelling to the table.

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New private university signals drive to privatise higher education in Britain

On 08/18/2010, in UK, budgets, business side of he, game-changing environment, higher education, by Daniel Christian

New private university signals drive to privatise higher education in Britain – from sott.net by Zach Reed

BPP, a private company that possesses 14 sites around the UK providing law and business degrees, was granted “university college” status in July, creating the first private university in the UK for 30 years. The decision signals the coalition government’s drive to privatise higher education.

Massive spending cuts brought forward by the Conservative-Liberal Democrat government, combined with rising youth unemployment, has seen 200,000 students denied a university place this year. It is in this context that calls have been made to privatise higher education.

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A discussion re: higher education on this morning’s Diane Rhem show

On 08/17/2010, in adjunct faculty, business side of he, cost of getting a degree, dangers of the status quo, education reform, faculty, higher education, leadership, liberal arts, by Daniel Christian

A discussion of higher education on the Diane Rhem show

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Two professors examine the American higher education system and explain how students and parents can get the most for their money.

Andrew Hacker
Professor of Political Science at Queens College, New York, and co-author of “Higher Education? How Colleges Are Wasting Our Money and Failing Our Kids – And What We Can Do About It”

Mark Taylor
Chair of the Department of Religion at Columbia University, professor of philosophy of religion at Union Theological Seminary, and professor emeritus of humanities at Williams College. His latest book is titled, “Crisis on Campus: A Bold Plan for Reforming our Colleges and Universities.”

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If the U.S. government could even get/set aside a billion or two…wow! An incredible ROI could be had.

On 08/13/2010, in K-12 related, Learning Agents, Mobile learning, Walmart of Education, budgets, business, business side of he, disruption, education reform, education technology, educational games / serious games, engagement / engaging students, future of higher education, game-changing environment, global / globalization, higher education, homeschooling/homeschoolers, innovation, internet, leadership, learning ecosystem, learning objects, legislation / legislatures, multimedia, new business models, online learning, open courseware and systems, strategy, by Daniel Christian

Buffett, Gates persuade 40 billionaires to donate half of wealth — from OregonLive.com

SEATTLE — Forty wealthy families and individuals have joined Microsoft co-founder Bill Gates and billionaire investor Warren Buffett in a pledge to give at least half their wealth to charity.

Those who have joined the Giving Pledge, as listed on its website, are: Paul G. Allen, Laura and John Arnold, Michael R. Bloomberg, Eli and Edythe Broad, Warren Buffett, Michele Chan and Patrick Soon-Shiong, Barry Diller and Diane von Furstenberg, Ann and John Doerr, Larry Ellison, Bill and Melinda Gates, Barron Hilton, Jon and Karen Huntsman, Joan and Irwin Jacobs, George B. Kaiser, Elaine and Ken Langone, Gerry and Marguerite Lenfest, Lorry I. Lokey, George Lucas, Alfred E. Mann, Bernie and Billi Marcus, Thomas S. Monaghan, Tashia and John Morgridge, Pierre and Pam Omidyar, Bernard and Barbro Osher, Ronald O. Perelman, Peter G. Peterson, T. Boone Pickens, Julian H. Robertson Jr., David Rockefeller, David M. Rubenstein, Herb and Marion Sandler, Vicki and Roger Sant, Walter Scott Jr., Jim and Marilyn Simons, Jeff Skoll, Tom Steyer and Kat Taylor, Jim and Virginia Stowers, Ted Turner, Sanford and Joan Weill and Shelby White.

From DSC:
This is fantastic news! Excellent. I’m a big supporter of various charities myself — albeit with far fewer O’s ($$) behind the amounts of my checks than what these folks are able to provide!  :)      But it got me to thinking…

If the United States government — or the government from another interested nation — could even get 1-2 billion of this enormous accumulation of wealth, think what could be done to create interactive, multimedia-based, engaging, customized/personalized, online learning-based materials that could be offered FREE of charge to various age groups/cognitive levels. Creative simulations and animations could be built and offered — free of charge — to students throughout the world. The materials would be available on a variety of devices for maximum flexibility (laptops, notebooks, iPads, iPhones, tablet PCs, workstations, etc.)

An amazing amount of digital scaffolding could be provided on a variety of disciplines. THIS could represent the Walmart of Education that I’ve been talking about…wow!

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150 nonprofit colleges fail Education Department’s test of financial strength

On 08/12/2010, in budgets, business side of he, higher education, by Daniel Christian

150 nonprofit colleges fail Education Department’s test of financial strength — from The Chronicle by Goldie Blumenstyk and Alex Richards

A total of 150 private nonprofit colleges failed the U.S. Department of Education’s “financial-responsibility test” based on their condition in the 2009 fiscal year, data released on Thursday show. That’s 23 more than the 127 that failed the test in the 2008 fiscal year, and an increase of about 70 percent over the number of degree-granting institutions that failed two years ago.

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A business model for higher education — by Tim Kastelle

On 08/10/2010, in Australia, Walmart of Education, business side of he, game-changing environment, leadership, new business models, strategy, by Daniel Christian

A business model for higher education: Aggregate, filter, connect

Professor Tim Kastelle at the University of Queensland talks about business models
for information businesses and identifies three key areas that require leadership attention.

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Help for state higher ed

On 08/06/2010, in budgets, business side of he, higher education, by Daniel Christian

Help for state higher ed – from InsideHigherEd.com by Doug Lederman

WASHINGTON — With state revenues stagnating and unemployment stuck at high levels in most states, the budget outlook for public higher education in the 2011 fiscal year remains rather bleak. But college leaders in most states are poised to get a gift from the nation’s capital this week, in the form, oddly enough, of $16 billion in Medicaid funds.

The money was part of legislation — which was approved by the Senate Thursday, and which Speaker of the House Nancy Pelosi has called her colleagues back to town to consider next week — that would also provide $10 billion to states to save “education jobs.” While logic might suggest that that would be the portion of the measure with implications for higher education, it really isn’t; that money is set aside to help ward off the elimination of as many as 138,000 elementary and secondary school teaching positions.

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