Virtual reality homebuying is on the horizon — from latimes.com by Phillip Molnar

Excerpt:

Would you buy a home without ever stepping foot in it?

Thanks to virtual reality, prospective homebuyers can check out for-sale properties by viewing them through a headset — exploring faraway kitchens and bathrooms without ever leaving the couch.

“VR is the next natural evolution in terms of marketing real estate,” said David Scott Van Woert, account director at Transparent House, which has developed a virtual reality mobile app for home builders. “A lot of these companies are very tech-forward and always looking for, not only an edge over competition, but to stay current.”

 

 

From DSC:
For those of us working on creating and renovating learning spaces, consider producing VR-based pieces for your donors to check out. It could really help paint the picture — the vision — of what your selected space will look like once it’s done. Very compelling visuals — and a very compelling experience.

 

 

 

 

 

Two things happened today that got me to reflect on the word resilience:

  1. An all-campus conference with faculty and staff, whereby one of the breakout sessions was about supporting emotional resilience in our students. It was led by the head of the campus’ counseling center. She gave some data on the increased use of the counseling center over the last 4 years. Evidently, this isn’t just happening at our campus, but all over the country.
    .
  2. Then I ran into the article below; some excerpts are listed below as well.

When I’m teaching a First Year Seminar course this fall, one of the topics deals with resilience. When I’m addressing it, I want to focus on the parts highlighted in green below, and stay clear of the caution noted in red below.

An additional thought on this is that today’s students are dealing with the high prices of obtaining a college degree. This means that many of them have to work to get through school. Otherwise, many of these students will come out of school with enormous debts — debts that don’t go away until they are paid up. I’m not saying that by them working the students can pay all of their expenses — that’s becoming highly unlikely these days. But it can reduce the amounts of their debts.  These debts affects when students get married, when they can buy a home, when and how much they can save for retirement, and more. So the stresses are very realand different from many of us from a different generation. We can’t just say they need to be more resilient as an entire generation.

No, the job for us working within higher ed needs to be to bring the price of obtaining a degree down. Not just “no more increases.”  No. Bring the costs down! 

We can’t expect to have an arms race in the facilities that we offer as well as in our sports programs (and though I was an athlete in college I still say this) and expect costs to go down. Technology looks to me to be our best chance of bringing costs down, while maintaining quality. I don’t have the time to expand on that perspective now, but the greater use of online learning as well as the increased use of emerging technologies that can deliver more personalized learning should help.

 

 

Struggling students are not ‘lacking resilience’ – they need more support — from theguardian.com by Gabbi Binnie

Some excerpts:

Students often see the word as a synonym for strength, and therefore feel that lacking resilience is a sign of weakness. A professor could be saying “be more resilient” and mean that a student shouldn’t take critical comments on their work personally. But what a student hears is something like, you aren’t strong enough, or you need to man-up, or you lack backbone.

Times have changed
Problems are often discussed with an “it was different back in my day” attitude. So if students are accessing university counselling services more, it’s because the entire student population is losing its resilience. If disability services are overstretched, the same reason is given. And when tutors are asked to provide pastoral support – historically always a part of the personal tutor role – they feel it’s because these “modern students” need extra help.

Students might be asking for help earlier and for problems that they once might have kept to themselves. But to dismiss an entire generation isn’t fair.

Students are coping with all sorts of factors that make their lives a challenge: the worry about tuition fee debt, an intensely competitive graduate jobs market and the pressure of social media. By recognising this, university staff can start to support their students to become more resilient.

Resilience is a great concept. Learning not to be discouraged by past failings and recognising shortcomings is an extremely useful skill. Students need to be equipped to spring back from tough situations, or times when they didn’t achieve perfection – this is vitally important in universities.

As support staff we need to enable students to learn the skills of resilience. We need to standardise what we mean by it. And we should never use the term when discussing mental health.

 

 

 

FACT SHEET: ED Launches Initiative for Low-Income Students to Access New Generation Of Higher Education Providers — from ed.gov

Excerpt:

[On 8/16/16], the U.S. Department of Education (ED) is inviting eight selected partnerships between institutions of higher education and non-traditional providers to participate in the EQUIP (Educational Quality through Innovation Partnerships) experiment.

These partnerships will allow students—particularly low-income students—to access federal student aid for the first time to enroll in programs offered by non-traditional training providers, in partnership with colleges and universities, including coding bootcamps, online courses, and employer organizations. The goals of the experiment are to: (1) test new ways of allowing Americans from all backgrounds to access innovative learning and training opportunities that lead to good jobs, but that fall outside the current financial aid system; and (2) strengthen approaches for outcomes-based quality assurance processes that focus on student learning and other outcomes. The experiment aims to promote and measure college access, affordability, and student outcomes.

 

 

Obama Administration to Fund Nontraditional Training for Students — from wsj.com
Education Department will give up to $17 million in loans and grants for training at eight entities that aren’t traditional colleges

Excerpt:

WASHINGTON—The Obama administration will inject millions of dollars into a group of nontraditional education providers to address a vexing problem: Many Americans are leaving college with debt but without skills the economy needs.

The administration is turning to the private sector for help. In a novel experiment, the Education Department announced Tuesday up to $17 million in loans and grants for students to undergo training at eight entities that aren’t traditional colleges. Most are for-profit companies. They include coding academies such as New York startup Flatiron School and Portland, Ore.-based Epicodus, as well as websites such as Study.com and StraighterLine that provide online courses at reduced costs.

The one that stands out from the group is corporate giant General Electric Co., which won’t receive funds directly but will provide training at one of its jet-engine plants under the program.

The program, called Educational Quality through Innovative Partnerships, or Equip, is designed to enable low-income Americans to learn skills in areas where colleges often fall short, such as learning how to write computer code, or using new software to operate high-tech manufacturing equipment to make jet engines.

 

 

 

Can’t Afford Coding Camp? The Feds May Have a Loan for You — from wired.com by Issie Lapowsky

Excerpt:

A new Department of Education program focused on skills training aims to address that second part. Announced last year, the so-called Educational Quality through Innovation Partnerships program will offer federal student aid to students enrolled at non-traditional institutions like coding bootcamps and skills-training programs.

[On 8/16/16], the Department of Education revealed the eight organizations and educational institutions with programs that will be covered as part of the EQUIP pilot program. For now, the programs are located on both coasts and in Texas. They include bootcamps like The Flatiron School, as well as newly launched training programs from companies like General Electric. The Department of Education chose the programs from dozens of applications, and each organization will partner with an established, accredited college or university. Meanwhile, third-party quality assurance partners have signed up to monitor students’ results.

 

 

 

Per Mark Cappel, Senior Editor at MoneyGeek.com (emphasis DSC):

MoneyGeek.com has spent the last few months expanding our site to produce comprehensive financial planning resources for people with disabilities for all stages of life. Our guides are helpful for families and students with disabilities searching for financial aid and scholarship options, parents and persons with disabilities planning financially for home modifications, and more.

See:

 

students-disabilities-feb2016

 

Some items from Bryan Alexander:

 

 

Excerpt:

Today’s students expect their entire experience with an institution to mirror what they see from major online retailers and service providers; personalized, supportive and flexible. However, institutions are having to deliver on these heightened expectations with smaller budgets and less capacity to increase prices than ever before.

Scaling is absolutely critical for higher education institutions in today’s marketplace. Through scaling, institutions can “do more with less”—they can meet the sky-high expectations of today’s discerning students while keeping their costs and prices low.

This Feature highlights some of the approaches today’s institutions are taking to achieving scale.

 

 

A new vision for paying for higher education — from usnews.com by Lauren Camera
How do you build the federal student loan system from the ground up?

Excerpt:

As it stands now, the current system for financing higher education is particularly unfair for poor students, many of whom are forced to borrow more money than their wealthier peers, graduate at a much lower rate and go into default at a much higher rate.

To be sure, the average six-year graduation rate for students seeking a bachelor’s degree is 59.4 percent, but a recent survey of more than 1,000 public and private four-year colleges found that only 51 percent of Pell recipients graduate. And at community colleges, only 23 percent of first-time, full-time students ever receive a degree.

 

 

Is it time for colleges to withdraw from their outdated schedules? — from pri.org by Caroline Lester

Excerpt:

We asked a few college grads what they’d like to change about the current system. Their answers spanned from increasing accessibility, to eliminating lectures, to creating greater support services for students at risk of dropping out.

That last point is key: the vast majority of students who start college don’t graduate.

Community college, state schools, and private universities — six-year completion rates are falling. To Michael Crow, president of Arizona State University, this means something is wrong.

Crow believes that the best way to address America’s higher education woes is to lower the cost of a college education while personalizing teaching. He proposes three big changes…

 

 

Credentialing, free tuition top this week’s news — from ecampusnews.com by Laura Devaney

 

 

 

Some items from Jeff Selingo:

JeffSelingo-Feb2016

 

 

A brief excerpt from newsletter from one of Michigan’s Senators, Debbie Stabenow:

62 percent of students in Michigan graduate #InTheRed with student loan debt. A student who graduated from a 4-year Michigan college or university in 2014 owes on average almost $30,000 in loans, making Michigan 9th in the country on average student loan debt.  Student loan debt in the United States is over $1.3 trillion and is the 2nd highest form of consumer debt.

 

 

…and back from March 2015:

 

RethinkingHE-March2015

 

 

 

University of Phoenix owner, Apollo Education Group, will be taken private — from nytimes.com by Patricia Cohen and Chad Bray

Excerpt:

The troubled for-profit education company that owns the giant University of Phoenix agreed on Monday to be bought for $1.1 billion by a group of investors that includes a private equity firm with close ties to the Obama administration.

The university and its owner, the Apollo Education Group, have been subject to a series of state and federal investigations into allegations of shady recruiting, deceptive advertising and questionable financial aid practices.

In recent years, many for-profit educational institutions that have received billions of dollars in federal aid, including the University of Phoenix, have been pummeled by criticisms that they preyed upon veterans and low-income students, saddling them with outsize student loan debt and subpar instruction.

 

Also see:

  • New education department office to crack down on colleges — from wsj.com by Josh Mitchell
    Student Aid Enforcement Unit will focus on schools accused of misconduct
    Excerpt:
    The Obama administration plans to boost the federal government’s power to investigate and punish colleges accused of deceptive marketing tactics and other misconduct, part of a campaign to address years of student complaints about for-profit institutions.

 

Also see:

Student Aid Enforcement Unit Formed to protect students, borrowers, taxpayers — from ed.gov on 2/8/16

Excerpt:

As part of the Obama Administration’s aggressive action to protect students and taxpayers, the U.S. Department of Education is creating a Student Aid Enforcement Unit to respond more quickly and efficiently to allegations of illegal actions by higher education institutions.

“When Americans invest their time, money and effort to gain new skills, they have a right to expect they’ll actually get an education that leads to a better life for them and their families,” said Acting Secretary of Education John B. King Jr. “When that doesn’t happen we all pay the price. So let me be clear: schools looking to cheat students and taxpayers will be held accountable.”

 

 

From DSC:
For profits have brought some solid things to the education table…but they’ve also brought some bad practices to the table as well. To some degree, the above items relate to the efforts and influence of the federal government to affect institutions involved in higher education.

Taking this thought into a different direction then…one should think carefully, therefore, when the federal government opens up new efforts to support innovation within higher education — something I support, by the way, as it could facilitate the creation of alternative pathways for learners and it finally enforces some true competition — and therefore a greater emphasis on innovation — within the higher ed landscape. (Yes I realize that there’s some level of competition within institutions of traditional higher education…but historical and current accreditation practices have pretty much kept things looking quite similar across the landscape.)

Institutions of traditional higher education may now be forced to rethink their game plans and strategies as they move forward — something I hope that will positively impact our future students.  Such forces and events should make institutions of traditional higher education more innovative, open to change (where it’s needed), relevant, and responsive to changes in the environment.

 

 

Equipped for EQUIP? Here’s a primer — from edsurge.com by Bart Epstein and Ben Wallerstein (on 11/9/15)

Excerpt:

On October 15th, the Department of Education launched a new Experimental Site called Educational Quality through Innovative Partnerships (EQUIP), which creates a pathway to federal aid for unaccredited education providers–including the fast-growing bootcamp sector. Here’s what you need to know.

The US Department of Education’s Experimental Sites Initiative (ESI) is a policymaker’s dream. The authority granted though the ESI allows the Secretary of Education to waive certain rules governing federal financial aid to experiment with new models and test their impact. The goal: improve access for low-income students, and increase the return on our $130 billion annual investment in student aid.

As a policy “lab,” Experimental Sites have allowed the Department of Education to provide Title IV access for self-paced and competency-based programs, decouple aid from the credit hour, and fund students who demonstrate prior learning through assessments.

 

From DSC:
As higher ed (as an industry) doesn’t seem to be able to decrease the costs of obtaining a degree, alternatives continue to crop up.

If…

  • The prices don’t start coming down from institutions of traditional higher education
  • Alternatives continue to crop up and gather steam
  • The U.S. Federal Government gets behind such alternatives

…then higher ed (again, as an industry) can only blame itself for not responding more significantly than we did.

We need to respond. We need to address this growing wave of unrest regarding higher ed. We need more innovation. We need lower prices. Towards that end, that’s why I’ve been saying that we need more TrimTab Groups to find ways to maintain quality, but reduce the price.

 

TheTrimtabInHigherEducation-DanielChristian

 

 

Amazon launches new program to fund university research — from seattletimes.com by Jay Greene; via the College Planning & Management Weekly Update

Excerpt:

Amazon.com is getting into the university grant-making business, launching a new program Thursday to fund research into big, world-changing ideas at universities.

The program, Amazon Catalyst, will debut at the University of Washington.

Amazon hopes to fund research into ideas in complex and vexing areas such as climate change and immigration. And the company is keen to put money toward “early-stage ideas” that might not otherwise get grant money.

In announcing the program, Amazon isn’t putting a limit on the amount it will dole out. But Adam Siegel, Amazon Catalyst’s managing director, said the “ballpark” range would run from “tens of thousands of dollars” to $100,000 per grant. He said Amazon hasn’t set a limit on the number of projects it will fund or the duration of Catalyst.

 

The Top 10 Higher Ed IT Issues of 2016 — from centerdigitaled.com by Tanya Roscorla

Excerpt:

2015 2016
1. Evolving staffing models 1. Information security
2. Optimizing technology in teaching and learning 2. Optimizing educational technology
3. Funding IT strategically 3. Student success technologies
4. Improving student outcomes 4. IT workforce
5. Demonstrating IT’s value 5. Institutional data management
6. Increasing capacity for change 6. IT funding models
7. Providing user support 7. Business intelligence and analytics
8. Developing security policies for the institution 8. Enterprise application integrations
9. Developing enterprise IT architecture 9. IT organizational development
10. Balancing information security and openness 10. E-learning and online education

 

 

 

Michigan Radio’s Issues & Ale: College Affordability & Access

Excerpt:

College affordability is a big issue, from the living rooms of anxious students and parents, to the presidential campaign trail . Over the past ten years, tuition costs have increased more than five times faster than the Consumer Price Index and the average class of 2015 graduate with student-loan debt will have to pay back more than $35,000. Michigan’s students leave college with some of the highest debt levels in the nation .

A recording of the October 27, 2015 event is available here.

Average debt for graduates in Michigan: Just over $35,000

Notes:

  • Michigan is below national average in # of adults that have a college degree.  Need 300,000 more people to graduate with a college degree just to get up to the national average. (Doing so would add $7 billion to Michigan’s economy BTW.)
  • [Adjusted for inflation] Cost has doubled in 1 generation.
  • [Adjusted for inflation] Since 1975, cost at a public university is up 138%; at private 157%; but wages have only gone up 1.6% (flat lined basically)
  • Can’t work your way through college like your parents or grandparents might have done
  • Rising tuition
  • Rising textbook costs
  • Room and board
  • Need to have a talk about financial literacy; help a student know more about financial aid and what will need to be paid back and when
  • Scholarships, grants, funding
  • Transfer rates are sizable from community colleges
  • Community colleges are often a very good choice for students who are raising children and/or for students who are returning to college later on; can make a very good living on some of the jobs that you can get coming out of a community college
  • Students often don’t know how to advocate for themselves; don’t know how to navigate a campus and the services/resources therein; also don’t take advantage of office hours
  • Michigan State is pushing the idea of “neighborhoods” — like communities in the dorms; easier and less fearful to access services/tutoring/assistance
  • Other choices? Unions/trades such as plumbers; joining the military
  • Ingredients of costs; decreased spending at state level has had a significant impact on rising costs for students
  • …and more.

 

 

 

Ed Dept pilot opens aid to alternative credentialing — from educationdive.com

Excerpt:

  • The U.S. Department of Education on Wednesday [10/14/15] unveiled the Educational Quality Through Innovation Partnerships (EQUIP) program, an experimental pathway to Title IV funding for partnerships between higher ed institutions and nontraditional programs.
  • The program has been brewing for some time under the experimental sites initiative, though it will remain limited to about 10 applications from applicable partnerships.
  • Likely candidates for participation in the pilot include coding bootcamps, MOOC providers, and various short-term certificate and corporate training programs, and according to Inside Higher Ed, inclusion will also give institutions freedom from a federal aid ban on colleges that outsource over half of their content or instruction to an unaccredited third party.

 

Also see:

Alternatives-Funding-Gov-10-14-15

Excerpt:

Background: The landscape for learning in postsecondary education is undergoing tremendous development. Innovations in technology, pedagogy, and business models are driving rapid change. While much of this development has been led by traditional postsecondary institutions, there are also significant educational changes occurring outside of the traditional educational sector. Non-traditional providers have begun to offer educational opportunities to students in new ways, such as through intensive short-term programs, online or blended approaches, or personalized/adaptive learning. These opportunities have the potential to advance goals such as increased equity and access, more flexible and personalized learning, high-quality student outcomes, and reduced costs.

Although some of these educational opportunities show promise in advancing these priorities, they remain out of reach for many students, particularly those from low-income backgrounds, in part because they generally do not provide students with access to title IV aid. The unavailability of title IV aid could increase the potential for educational inequity, because only those students with significant financial resources are able to enroll in these innovative programs, and it may constrain the growth of promising new approaches to learning.

 

Op-Ed: Free college? It doesn’t fix everything — from latimes.com by Richard Reeves

Excerpt:

Here is one solution to the rising cost of college: Make it free. That’s what a group of anonymous donors in Kalamazoo, Mich., accomplished a decade ago for local students. Almost every high school graduate in the town is eligible for a scholarship covering from two-thirds up to the entire cost of in-state college tuition.

President Obama is just one of many who praised the so-called Kalamazoo Promise, flying to the city five years ago to speak at the Kalamazoo High School graduation. More than 35 cities, from Denver and Pittsburgh to Ventura and Long Beach, have since adopted their own versions of the Promise. These schemes vary. Some have minimum GPA requirements, or target only low-income students. But they share the goal of bringing college within financial reach for all.

Can the Promise programs help create a more level playing field? The Kalamazoo program is now mature enough to provide some useful data. As always, there is good news and bad news.

First the good: High school graduation rates have shot up, and almost 90% of Kalamazoo high school seniors are enrolling in college, compared to around 70% for the state. Most encouraging of all, low-income and black high school graduates are almost as likely to enroll in college as their affluent and white peers. In fact, the black/white gap in college enrollment rates has completely disappeared in Kalamazoo, according to research from Timothy Ready at Western Michigan University.

Now for the bad news: Gaps by race and income reemerge when it comes to actually gaining a post-secondary qualification. The Promise has lifted college completion rates, but quite modestly, and far from equally.

 

From DSC:
The generous donors behind the Kalamazoo Promise are all anonymous — a far cry from having a football stadium or a new business school named after oneself for legacy’s sake. These folks didn’t want their names out there; they helped anonymously. Very cool!

Tim Bartik, Senior economist at the Upjohn Institute for Employment Research, had some good points regarding this article out on Twitter and on his Investing In Kids blog. So I’m adding some related items here:

Good policies will usually not “fix everything” — from investinginkids.net by Tim Bartik

Excerpts:

One surprising reaction to the Kalamazoo Promise has been to try to downplay the Promise’s success by emphasizing that many problems remain in Kalamazoo despite the Promise. While this is true, it is irrelevant to whether the Kalamazoo Promise is a good policy. Policies can have benefits far greater than costs without fixing all problems.

Here is what the evidence actually shows on the effects of the Promise, based on the recent report I wrote with my colleagues Brad Hershbein and Marta Lachowska. Our report evaluated the Promise by seeking to compare how the Promise had changed educational attainment for similar students over time.

  • The Promise increases post-secondary credential attainment rates as of 6 years after high school graduation by one-third. The baseline rate was 36%, and the Promise’s effect was to increase the post-secondary credential attainment rate by 12%, an increase of one-third. Of this increase in post-secondary credential attainment, four-fifths was due to an increase in bachelor degrees.
  • What is true is that if one compares the present value of the expected future career earnings due to the Promise’s effects on credential attainment, with the present value of the costs of the Promise’s scholarship dollars, the ratio is over 4 to 1. I would call that a large benefit-cost ratio.
  • Read more here >

 

Kalamazoo Promise boosts college completion by one-third — from investinginkids.net by Tim Bartik

 

Also see:

 

KzooPromisePaper-2015

 

Kalamazoo Promise scholarship program ‘significantly’ increases college grad rates, study finds — from bridgemi.com by Julie Mack

Excerpt:

Six takeaways from the Kalamazoo Promise study:

  1. The Promise “significantly” increases college graduation rates.
  2. The increases are evident among low-income and minority students as well as more advantaged students.
  3. Promise-eligible students are 40 percent more likely to choose in-state public colleges compared with pre-Promise peers.
  4. Compared to pre-Promise peers, Promise-eligible students are a third more likely to attend a four-year college.
  5. The long-term payoff of The Promise is significant, and easily justifies the cost of the investment.
  6. The results are especially impressive because Promise scholarships are not awarded on the basis of financial need or merit.

 

 

 Psalm 112:5 (NIV)
Good will come to those who are generous and lend freely,
    who conduct their affairs with justice.

 

New from Educause:
Higher Ed IT Buyers Guide

 

HEITBuyersGuideEducauseApril2015

 

Excerpt:

Quickly search 50+ product and service categories, access thousands of IT solutions specific to the higher ed community, and send multiple RFPs—all in one place. This new Buyers Guide provides a central, go-to online resource for supporting your key purchasing decisions as they relate to your campus’s strategic IT initiatives.

Find the Right Vendors for Higher Education’s Top Strategic Technologies

Three of the Top 10 Strategic Technologies identified by the higher education community this year are mobile computing, business intelligence, and business performance analytics.* The new Buyers Guide connects you to many of the IT vendors your campus can partner with in the following categories related to these leading technologies, as well as many more.

View all 50+ product and service categories.

 

DeptOfEdTech2-GuideApril2015

Excerpt from the tech.ed.gov/developers/ page:

For Developers
Excellent opportunities exist for software designers and developers who want to use their talents to create impactful tools for teachers, school leaders, students, and their families. Our goal is to connect you to the resources needed throughout the cycle of a project – from concept ideation, to generating seed funding, to research and development and evaluation, and ultimately to scalable impact in education.

 

I originally saw this at “Ed tech must do more to ‘advance equity,’ U.S. Secretary of Education says” — from hechingerreport.org by Nichole Dobo

Excerpt:

SCOTTSDALE, Arizona—The U.S. Department of Education unveiled a new education technology developer’s guide [on 4/7/15] during the annual ASU+GSV Summit conference here.

In remarks at the conference, U.S. Secretary of Education Arne Duncan urged developers to consider the needs of disadvantaged students, so that they are not left behind as more schools adopt new tools that advance teaching and learning.

“If the technology revolution only happens for families that already have money and education, then it’s not really a revolution,” Duncan said.

Duncan announced the developer’s guide during a speech at the ASU+GSV Summit, , a gathering of about 2,500 people interested in innovation in education. The free guide, available for download at tech.ed.gov/developers, is the result of two years of research by Department of Education officials, who interviewed educators, entrepreneurs, parents and students. Its goal is to help technology developers better understand the key needs of the nation’s school system. It identifies 10 “persistent problems in education,” among them increasing family engagement, improving professional development for teachers, creating tests that accurately measure what students have learned, and closing achievement gaps.

 

 

The most extraordinary speech ever by a graduating MBA — from LinkedIn.com by John Byrne

Excerpt (emphasis DSC):

Gerald spoke movingly about a near-death experience with armed gunmen in his hometown of Dallas, and how that changed his life forever. “A strange thing happened as I accepted that I was about to die: I stopped being afraid.” He then decided to “give my life to a cause greater than myself.”

After arriving at Harvard Business School from Yale, Gerald said that HBS “changed who we were; it reminded us who we could be. It reminded us that we didn’t have to wait until we were rich or powerful, or until we actually knew finance, to make a difference. We could act right now.”

With three classmates, Casey founded a non-profit, MBAs Across America, which is a movement of MBAs and entrepreneurs working together to revitalize America. “We saw the signs for hope in entrepreneurs who were on the front lines of change. They showed us that the new ‘bottom line’ in business is the impact you have on your community and the world around you — that no amount of profit could make up for purpose.”

 

 

See also:

CaseyGerald-HBS-Commencement-2014

 

From DSC:
Though the use of the word “ever” in John Byrne’s posting on LinkedIn.com may be a stretch for some, Casey Gerald did give an incredibly powerful, deep, well-articulated message at Harvard Business School’s 2014 Commencement. 

I really appreciated what Casey was getting at — a higher calling for business.  A higher calling for one’s life.  If it’s only about making a living — vs making a life and a contribution — it comes up short.  We can do better.  Businesses can do better.  Wall Street can do better.  With corporations sitting on a trillion+ dollars, how might those massive resources be put towards helping society at large?  Here are 2 ideas:

  1. Don’t lay people off so quickly.  Take some of those funds and use them to retrain/reinvent people.  Keep America’s households running. Help keep peoples’ skillsets relevant, and help keep people employed.  Better yet, do this now for those people that you know you will be replacing in the future with algorithms and/or with robotics.
    .
  2. Fund/outfit educational institutions.  For example, it would benefit society greatly if the large tech companies would outfit the K-12 classrooms across the country (yes, I’m mainly thinking of you Apple, Google, & Cisco).  Many districts are struggling to implement ed tech and this would be of huge service to the country.

 

 

See also:

 

MBAsAcrossAmerica-June2014

 
© 2024 | Daniel Christian