disruption

Coursera: The ‘Amazon’ Of Online Education May Grow By Magnitudes — from seekingalpha.com

Summary

Increasing student dissatisfaction and declining enrollment suggest that many people are rethinking traditional methods of higher education.
The historical value of universities is becoming defunct as the internet allows a more efficient, less expensive, and more accessible vector of transmitting knowledge.
Innovative platforms like Coursera offer students a huge “marketplace” of high-quality courses far less expensive than those in traditional universities.
Given Coursera’s minimal barriers to growth and its massive total addressable market, I would not be surprised to see its annual revenue rise by 10X or more within years.
COUR may be one of the few recent IPOs which is actually trading below its fundamental fair value – subject to the assumption that online education will eventually supersede traditional models.

The Next Great Disruption Is Hybrid Work—Are We Ready? — from Microsoft

“Over the past year, no area has undergone more rapid transformation than the way we work. Employee expectations are changing, and we will need to define productivity much more broadly — inclusive of collaboration, learning, and wellbeing to drive career advancement for every worker, including frontline and knowledge workers, as well as for new graduates and those who are in the workforce today. All this needs to be done with flexibility in when, where, and how people work.”

Satya Nadella, CEO at Microsoft

Also see:

What executives are saying about the future of hybrid work — from mckinsey.com by Andrea Alexander, Rich Cracknell, Aaron De Smet, Meredith Langstaff, Mihir Mysore, and Dan Ravid.
What’s next for consumers, workers, and companies in the post-COVID-19 recovery — from mckinsey.com by Susan Lund, Anu Madgavkar, Jan Mischke, and Jaana Remes
For mothers in the workplace, a year (and counting) like no other — from mckinsey.com by Jess Huang, Alexis Krivkovich, Ishanaa Rambachan, and Lareina Yee

Evolving Instruction in a Rapidly Changing World [Sheninger]

On 05/31/2021, in disruption, education, education reform, education technology, ideas, instructional design, K-12 related, pedagogy, student-related, teachers, teaching & learning, teaching online, youth, by Daniel Christian

Evolving Instruction in a Rapidly Changing World — from esheninger.blogspot.com by Eric Sheninger

Excerpts:

In Chapter 3 of Disruptive Thinking in Our Classrooms, I lay out tried and true strategies to consider during any direct instruction component of a lesson while setting the stage for learning that empowers students to think disruptively by replacing conventional ideas with innovative solutions to authentic problems. Below is a summary of things to consider as you plan out your instructional design:

One wonders what this type of tech will do for online-based learning, &/or hybrid/blended learning, &/or hyflex-based learning in the future [Christian]

On 05/24/2021, in 21st century, 24x7x365 access, A/V -- audio/visual, attention, collaboration, colleges, communications, communities of practice, community colleges, competency-based learning/education, corporate / business world, corporate universities / corporate training, Daniel S. Christian, digital audio, digital learning, digital storytelling, digital video, disruption, distance education, education technology, emerging technologies, engagement / engaging students, experimentation, future, future of higher education, game-changing environment, global / globalization, Google, higher education, homeschooling/homeschoolers, human-computer interaction (HCI), hybrid learning, ideas, innovation, K-12 related, law schools, learning ecosystem, Learning from the Living [Class] Room, learning hubs & pods & microschooling, learning preferences, learning spaces, liberal arts, more voice more choice more control, New "Amazon.com" of Higher Education, online learning, online media, platforms, remote teaching and learning, smart classrooms, smart/connected TV, social learning / networks, society, student-related, telecommunications, telelegal, telemedicine / telehealth / virtual health, telepresence, television, tools, training / L&D, United States, universities, usability, user experience (UX), vendors, videoconferencing, Virtual courts and law firms, virtual field trips, virtual K-12 schools, virtual tutoring, vision/possibilities, visualizing information, vocational / trades, web-based collaboration, webinars, by Daniel Christian

From DSC:
It will be interesting to see — post Covid19 — how vendors and their platforms continue to develop to allow for even greater degrees of web-based collaboration. I recently saw this item re: what Google is doing with their Project Starline. Very interesting indeed. Google is trying to make it so that the other person feels like they are in the same space with you.

.
Time will tell what occurs in this space...but one does wonder what this type of technology will do for online-based learning, and/or hybrid/blended learning, and/or hyflex-based learning in the future…?

A second demographic cliff adds to urgency for change — from insidehighered.com by Ray Schroeder
The demographic cliff we have been anticipating since the drop in births with the 2008 recession now has a younger sibling — the COVID-19 cliff is coming with another deep drop in recent births.

Excerpts:

In sum, competition is rapidly growing; the pool of “traditional” students is evaporating; employers are dropping degree requirements; and, with student debt now surpassing $1.7 trillion, we all know that families are looking for more cost-effective paths to the knowledge and skills they seek. “The fundamental business model for delivering education is broken,” said Rick Beyer, a senior fellow and practice area lead for mergers and affiliations at the Association of Governing Boards of Universities and Colleges. “The consolidation era started a few years ago. It will continue. We will see more closures.”

What, then, are the bright spots for postsecondary learning?

Online learning tops the list despite some bad press for the hastily put-together remote learning of last year. Adult students, in particular, prefer the flexibility and mobility of online. Enrollment in online programs has continued to increase while overall higher ed enrollments have declined each of the past dozen years.

Why Tech Companies View the Job Search As Big Business — from edsurge.com by Ayesha Khan

Excerpt:

A pre-pandemic study shows that more than 4 in 10 college degree holders are underemployed and are likely to remain that way for decades to come. This coupled with the astronomical cost of college and mounting student loan debt raises a need for alternative pathways into America’s workforce. The current college system is not putting all Americans to work.
…

Jobtech has the potential to be more effective for job seekers by aligning their aspirations more directly with the needs of employers. Unlike higher education institutions, a jobtech company’s profit and survival depend on people getting placed in good jobs.
…
The success of these businesses hinges on securing opportunities for job seekers. This guarantees customer satisfaction, repeat business, positive margins and a healthy, sustainable business model.

Reflections on “5 Ways to Marry Higher Ed to Work” [Schaffhauser]

On 04/11/2021, in business, career development, change, changing business models, collaboration, colleges, community colleges, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, credentialing, curriculum, dangers of the status quo, Daniel S. Christian, disruption, future, future of higher education, game-changing environment, higher education, history, ideas, innovation, learning, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, New "Amazon.com" of Higher Education, new business models, society, training / L&D, trends, United States, universities, vocational / trades, workplace, by Daniel Christian

5 Ways to Marry Higher Ed to Work — from campustechnology.com by Dian Schaffhauser

Excerpts:

Treat employers as customers.
Move beyond the idea of the bachelor degree as the end-all.
Link coursework with competences.
Develop a “shared vocabulary of skills” that can be used by employers and peer institutions.
Design for equity and inclusion.

From DSC:
It’s great to see more articles like this that promote further collaboration — and less siloing — between the worlds of higher education and the workplace.

My guess is that those traditional institutions of higher education who change/adapt quickly enough have a much greater chance at surviving (and even thriving). Those that don’t will have a very rough road ahead. They will be shadows of what they once were — if they are even able to keep their doors open.

Disruption is likely ahead — especially if more doors to credentialing continue to open up and employers hire based on those skills/credentials. One can feel the changing momentums at play. The tide has been turning for the last several years now (history may show the seeds of change were planted in times that occurred much longer ago).

More Employers Are Awarding Credentials. Is A Parallel Higher Education System Emerging? — from edsurge.com by Sean Gallagher and Holly Zanville

Excerpt:

As the acceptance of new types of credentials grows, a number of employers have become learning providers in their own right, in a way that could shake up the broader higher education landscape.

A growing number of companies have moved beyond training their own employees or providing tuition assistance programs to send staff members to higher education. Many of these employers are also developing their own curricula and rapidly expanding their publicly-facing credential offerings.

But the current boom in employer-issued credentials is different—and potentially transformational. Unlike the traditional IT certifications of decades past, these new credentials are less focused on proprietary technologies related to a given tech vendor, and are instead more focused on broadly applicable tech skill sets such as IT support, cloud computing and digital marketing.

It’s Time to Rethink Higher Education: What if our goal was creating social impact, not preserving the status quo? — from chronicle.com by Brian Rosenberg (president emeritus of Macalester College and president in residence of the Harvard Graduate School of Education)

Excerpts (emphasis DSC):

Higher education should in its ideal form lead to more economic security for more people, a more equitable and innovative society, and a well-functioning democracy. Add whatever goals you would like, but these seem like a reasonable starting point and, given the present state of the country, more than a little aspirational.
…
But if we fail to explore — if we fail to go beyond superficial change and interrogate our most fundamental assumptions about how and what we teach, how and why we organize ourselves in the current way — we will have no one but ourselves to blame if the system as we know it shrivels to the point where it collapses from within or is painfully disrupted from without.

Also see:

The Pandemic May Have Permanently Altered Campuses. Here’s How. — from chronicle.com by Francie Diep
Trends accelerated by Covid-19 may make more sense than ever in the future, experts say.

Excerpt:

The Covid-19 crisis has transformed all aspects of higher education, and the physical campus is no exception. The Chronicle recently released a special report, Rethinking Campus Spaces, that offers strategies for doing more with less space, to save money and prepare for an uncertain future. Here is an adapted excerpt from the report.

The Chronicle asked more than 40 architects, campus planners, and leaders in student life and housing about how several categories of campus spaces might look different in the future. As colleges navigate difficult financial straits, many interviewees predicted more public-private partnerships, and renovations instead of new construction — which can be less costly and more environmentally friendly. Overall, their answers paint a picture of future campuses that are more adaptable, perhaps smaller, and focused on what’s most valuable about seeing one’s peers in person.

Reflections on “Today’s Teens Questioning the Status Quo When It Comes to College” [prnewswire.com]

On 03/05/2021, in 21st century, Alternatives, business side of he, career development, change, colleges, communities of practice, community colleges, cost of getting a degree, dangers of the status quo, Daniel S. Christian, disruption, entrepreneurship, experimentation, faculty, future of higher education, game-changing environment, generational differences, higher education, innovation, leadership, learning ecosystem, Learning from the Living [Class] Room, New "Amazon.com" of Higher Education, new business models, organizational change, parents/guardians, reinvent, society, staying relevant, strategy, student-related, surviving, traditional / tradition, United States, universities, vendors, youth, by Daniel Christian

Today’s Teens Questioning the Status Quo When It Comes to College — from prnewswire.com by with thanks to Ryan Craig for this resource
National survey finds high schoolers want lower-cost, quicker paths to careers: 50 percent are open to something other than a four-year degree

Excerpt:

For those who have been following the discussion, it will not come as a shock that this demographic is extremely concerned about the cost of higher education. In fact, the number one thing teens would change about college is the price tag. Their second top concern is making sure the path they take directly connects them to a future career. Specifically, the top three things Gen Z teens are most concerned about:

50 percent—graduating with a high amount of debt
44 percent—not getting a job after they graduate
40 percent—not being prepared for a job after school ends

From DSC:
I sometimes use the tag “surviving” and it often has to do with individuals and families. But over the last few years, I have found myself using it for institutions of traditional higher education (as I did for this posting).

It’s time for reinvention if we want those institutions to survive. Those who can’t wait until the status quo returns are likely in for a disappointment, if not outright shock. Over the last several years, many people have already lost their jobs throughout higher ed, positions have gone unfilled, and early retirement offers were made (and often snatched up). The headcounts have been decreasing for years and the workloads have increased for the survivors of such cuts. The use of adjunct faculty members has been on the increase for many years now.

Those institutions that have cultures that support experimentation, innovation, and support strategic, nimble, entrepreneurial thinking have a better chance of surviving.

Legal tech to the rescue [Sobowale]

On 03/04/2021, in Canada, change, collaboration, disruption, Legal operations, legal reform, legal technologies, legislatures / government / legal, universities, by Daniel Christian

Legal tech to the rescue — from nationalmagazine.ca by Julie Sobowale
The legal industry has shown it can adapt to disruption. But it has further to go in partnering with alternative service providers.

Excerpt:

“Most lawyers and legal leaders have to confront what they have done in the past,” says Chris Bentley, Director of The Legal Innovation Zone (LIZ) at Ryerson University. “They rejected technology, embraced the past, fought against having services in the cloud, fought against using online research tools, and rejected being able to video conference calls with clients.”

Time for Reinvention, Not Just Replication or Revision — from insidehighered.com by Ray Schroeder
With enrollments falling, college budgets under strain and employers dissatisfied with the relevance of graduates’ learning, now is a time for more than replication or revision — it is time for reinvention.

Excerpt:

We are at the confluence of massive economic, technologic and social changes that demand higher education do more than small fixes. We will not thrive if we merely tweak the system to replicate practices of the lecture hall in an online delivery system. This is not an empty warning — universities across the country are closing programs, laying off staff and faculty, and teetering on the brink of bankruptcy. I have personally been tracking these economic disadvantages for some time now.

Here are the key factors we must consider…(see rest of article)

Our centuries-old model of admitting 18-year-old high school graduates for a four-, five- or six-year baccalaureate, then sending them out for lifelong careers in business and industry is no longer relevant.

Jeff Bezos Wants to Go to the Moon. Then, Public Education. [Dresel]

On 01/26/2021, in 21st century, 24x7x365 access, Alternatives, Amazon, Artificial Intelligence / Machine Learning / Deep Learning / Algorithms, change, disruption, education, education reform, education technology, educational games / serious games, elearning, emerging technologies, engagement / engaging students, learner profiles, learning, learning agents, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, learning hubs & pods & microschooling, learning preferences, learning spaces, New "Amazon.com" of Higher Education, new business models, online learning, online media, online tutoring, personalized/customized learning, platforms, strategy, student-related, technologies for your home, United States, user experience (UX), vendors, virtual field trips, virtual K-12 schools, Virtual Reality (VR) / worlds / learning, web-based collaboration, by Daniel Christian

Jeff Bezos Wants to Go to the Moon. Then, Public Education. — from edsurge.com by Dominik Dresel

Excerpts:

Jeff Bezos’ $2 billion investment to establish a Montessori-inspired network of preschools may be shrugged off by many as the world’s richest man dabbling in another playground. Instead, we should see it for what it is: the early days of Amazon’s foray into public education.
…
It would be easy to think that Amazon’s rapid expansion into industry after industry is just the natural, opportunistic path of a cash-flush company seeking to invest in new, lucrative markets. But Jeff Bezos, himself a graduate of a Montessori preschool, doesn’t think in short-term opportunities.

Yet, the world has had its first taste of the disentanglement of schooling from school buildings. Even though in 20 years we will still have school buildings—much like we still have bookstores—there is little doubt that the future will see more, not less, online instruction and content delivery.

From DSC:
Reading through the article below, I can’t help but wonder…how might the eviction crisis impact higher education?

Losing a Home Because of the Pandemic Is Hard Enough. How Long Should It Haunt You? — from nytimes.com by Barbara Kiviat (professor of sociology) and Sara Sternberg Greene (law professor)
Americans who default on their rent may find it hard to escape lasting effects on their financial future.

Excerpts:

Millions of Americans have fallen behind on rent during the Covid-19 pandemic, prompting the passage of eviction moratoriums and rental assistance plans. But as policymakers have struggled to meet the needs of tenants and landlords, they’ve largely overlooked a crucial fact: The looming eviction crisis isn’t just about falling behind on rent and losing one’s home to eviction. It’s also about the records of those events, captured in court documents and credit reports, that will haunt millions of Americans for years to come.

Just as criminal records carry collateral consequences — preventing people from getting jobs, renting apartments and so on — blemishes on a person’s financial history can have far-ranging effects. Records of evictions can prevent Americans from renting new places to live, and debts and lawsuits related to unpaid rent can follow people as they apply for jobs, take out insurance policies, apply for mortgages and more. The process starts when landlords report late payments directly, file for eviction, sue in small claims court and hire debt collectors to pursue back rent. Those paper trails of unpaid rent and eviction get sucked into the digital warehouses of credit bureaus and data brokers.

DC: So how might this impact the learning ecosystems out there?https://t.co/tMl5ouSX1x #learningecosystems #learningfromthelivingclassroom #careers #careerdevelopment #education #highereducation #change

— Daniel Christian (he/him/his) (@dchristian5) November 25, 2020

Learning Ecosystems

Coursera: The ‘Amazon’ Of Online Education May Grow By Magnitudes [seekingalpha.com]

The Next Great Disruption Is Hybrid Work—Are We Ready? [Microsoft] + 3 items from McKinsey.com

A second demographic cliff adds to urgency for change [Schroeder]

Reflections on “5 Ways to Marry Higher Ed to Work” [Schaffhauser]

Legal tech to the rescue [Sobowale]

Time for Reinvention, Not Just Replication or Revision [Schroeder]

How might the eviction crisis impact higher education? [Christian]

So how might this impact the learning ecosystems out there? [Christian]

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