new business models

Coursera’s IPO Filing Shows Growing Revenue and Loss During a Pandemic — from edsurge.com by Tony Wan

Excerpt:

Coursera reported $293.5 million in revenue in 2020, marking a 59 percent increase from the previous year. That comes from over 77 million registered learners, along with more than 2,000 businesses (including 25 percent of Fortune 500 companies) and 100 government agencies that paid for its enterprise offerings. More than half (51 percent) of its revenue came from outside the U.S.
…
Despite recording a revenue jump in 2020, Coursera posted a net loss of $66.8 million, up 43 percent from the previous year.

“We have experienced a significant increase in our operating costs associated with our services, primarily driven by our freemium offerings and marketing efforts” during the pandemic, the filing stated.

New Opportunities in 2021: Improved Academic Mobility, Flexible Degree Attainment and Skills Verification — from campustechnology.com by Stan Novak
The pandemic has accelerated trends in alternative credentials that will be essential to student success in an evolving higher education landscape.

Excerpt:

Interoperable learning records (ILRs) are being studied as an achievable way to communicate skills between workers, employers, and education and training institutions with the goal of creating a single profile that represents all of an individual’s abilities. The value of an ILR is that it would allow efficient and consistent comparison of a person’s capabilities to fulfill specific job requirements.

These opportunities represent only a slice of what lies ahead for higher education as the world emerges from the pandemic. The dramatic shift in the learning landscape highlights the ways that higher education must adapt to make degree attainment more flexible, achievable and relevant for the future workforce.

From DSC:
I’ve often thought there could be real benefits in cloud-based learner profiles — which could store our learning preferences, our past learning experiences, certificates, programs, courses, etc.

Southern New Hampshire buys Kenzie Academy to grow alternative credentials [Busta]

On 03/11/2021, in Alternatives, credentialing, higher education, new business models, United States, universities, by Daniel Christian

Southern New Hampshire buys Kenzie Academy to grow alternative credentials — from highereddive.com by Hallie Busta

Dive Brief:

Southern New Hampshire University announced Tuesday that it has acquired boot camp provider Kenzie Academy to grow its alternative credential offerings. SNHU did not disclose the transaction price.
The university, which enrolls around 150,000 students mostly online, will get Kenzie’s programs and students. Kenzie, a for-profit company, will become a division of SNHU led by Kenzie CEO Chok Ooi.
The deal comes as more colleges work with boot camp providers in an effort to diversify their programming, particularly with more short-format options.

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/staff, future of higher education, game-changing environment, generational differences, higher education, innovation, leadership, learning ecosystem, Learning from the Living [Class] Room, 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.

DC: This is what we’re up against –> “Reskilling 1 billion people by 2030” [Anderson]

On 03/02/2021, in 21st century, 24x7x365 access, Africa, Asia, Australia, Canada, career development, change, changing business models, collaboration, colleges, community colleges, corporate / business world, corporate universities / corporate training, cost of getting a degree, credentialing, culture, dangers of the status quo, Daniel S. Christian, digital learning, distance education, education, education reform, education technology, engagement / engaging students, Europe, experimentation, future, future of higher education, game-changing environment, generational differences, global / globalization, higher education, homeschooling/homeschoolers, ideas, India, innovation, leadership, learning, learning ecosystem, Learning from the Living [Class] Room, legislatures / government / legal, lifelong learning, more voice more choice more control, new business models, online learning, organizational change, pace of change, personalized/customized learning, platforms, reinvent, social learning / networks, society, staying relevant, streams of content, surviving, training / L&D, trends, UK, United States, universities, vision/possibilities, web-based collaboration, by Daniel Christian

From DSC:
This is what we’re up against –> Reskilling 1 billion people by 2030” — from saffroninteractive.com by Jessica Anderson

Excerpts:

According to the World Economic Forum, this statistic is a critical economic imperative.

Does this shock or scare you? Perhaps you’re completely unflappable? Whatever your reaction, this situation will undoubtedly impact your organisation and the way you tackle skills development.
…
What are the roadblocks?

So, we’ve laid down the gauntlet; an adaptable, agile, multi-skilled workforce. What stands in the way of achieving this? A recent survey of the top 5 challenges facing learning leaders sheds some light:

1. Building a learning culture
2. Learning in the flow of work
3. Digital transformation
4. Learner engagement and ownership
5. Keeping informed of best practices

From DSC:
The article mentions that nations could lose billions in potential GDP growth. And while that is likely very true, I think a far bigger concern is the very peace and fabric of our societies — the way of living that billions of people will either enjoy or have to endure. Civil unrest, increased inequality, warfare, mass incarcerations, etc. are huge concerns.

The need for a next-gen learning platform is now! The time for innovation and real change is now. It can’t come too soon. The private and public sectors need to collaborate to create “an Internet for learning” (in the sense that everyone can contribute items to the platform and that the platform is standards based). Governments, corporations, individuals, etc. need to come together. We’re all in the same boat here. It benefits everyone to come together.

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.

Legaltech Careers Guide: Roles, organisations & routes into legaltech jobs [lawtomated.com]

On 02/17/2021, in career development, change, changing business models, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, new business models, workplace, by Daniel Christian

Legaltech Careers Guide: roles, organisations and routes into legaltech jobs — from lawtomated.com

Excerpt:

This guide includes our most frequent FAQs and advice based on our experiences and those of others working in legaltech, legal ops, and innovation who made the jump from a traditional lawyer role into this space, or who entered the space from outside of legal.

U of Minnesota System makes tuition free for low-income students [Bauer-Wolf]

On 02/17/2021, in cost of getting a degree, experimentation, funding / grants, higher education, ideas, new business models, parents/guardians, student-related, United States, universities, by Daniel Christian

U of Minnesota System makes tuition free for low-income students — from highereddive.com by Jeremy Bauer-Wolf

Dive Brief:

The University of Minnesota System greenlit a program eliminating tuition costs for students whose families earn $50,000 or less in a year.
The system’s regent board approved the move unanimously on Friday, according to local media reports. It’s a part of its five-year strategic plan, which also set the goal of reducing the average debt of undergraduates with loans to $25,000 at graduation.
President Joe Biden touted free college proposals on the campaign trail. Such arrangements have also seen renewed interest in the wake of the economic tumult of the pandemic.

The Great Contraction Cuts alone will not be enough to turn colleges’ fortunes around. — from chronicle.com by Lee Gardner

Excerpts:

With higher education facing average revenue losses of 14 percent or more due to Covid-19, the pandemic presents an existential challenge for the hundreds, maybe thousands, of colleges that entered last March with already precarious finances. Every week or so seems to bring new headlines about institutions making jaw-dropping cuts.
…
But slashing budgets alone, experts agree, isn’t enough to survive. Struggling colleges must cut strategically and adapt to a new way of operating, in order to find a way to eventually grow and thrive.

From DSC:
As I mentioned to a friend who wondered about those two words –“grow” and “thrive” in the last sentence above…

For too long many colleges and some universities have not been experimenting with other business models. They didn’t pay attention to the surrounding landscapes and economic realities of the masses. I think some of the institutions out there will grow and thrive — but it will be far fewer institutions who see such growth. SNHU, Arizona State, Western Governors University, and the like have done well. But then again, they thought big as well and did so years ago. They have a major leg up on other institutions.

She has served as a college president for nearly 20 years, and in that time, she has watched students’ view of higher education shift to be predominantly about “the outcome of being prepared for a job,” she says.

Funny how that corresponds directly to the increase in tuition, fees, books, room and board, etc. that took place during that same time.

Learning from the Living [Class] Room: Adobe — via Behance — is already doing several pieces of this vision.

On 02/15/2021, in 21st century, 24x7x365 access, A/V -- audio/visual, active learning, Africa, animation, Asia, Australia, Bring your own device (BYOD), Canada, changing business models, cloud-based computing / apps / other cloud-related, collaboration, colleges, communications, communities of practice, community colleges, content development, aggregation, repositories, corporate / business world, corporate universities / corporate training, cost of getting a degree, creativity, dangers of the status quo, Daniel S. Christian, design, digital audio, digital learning, digital photography, education, education technology, engagement / engaging students, Europe, experimentation, future, game-changing environment, global / globalization, higher education, human-computer interaction (HCI), ideas, India, informal learning, innovation, instructional design, interaction design, interactivity, interface design, IT in HE, K-12 related, languages and translation, learner profiles, learning, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, learning hubs & pods & microschooling, learning preferences, liberal arts, lifelong learning, love of learning, maker movement, marketplaces, media/film, microlearning, more voice more choice more control, multimedia, new business models, new media literacies, online learning, online media, passions, photography, platforms, productivity / tips and tricks, professional development, reinvent, remote teaching and learning, second screen apps, simulations, social learning / networks, social media, STEAM-related, streams of content, tablets, teaching & learning, teaching online, technologies for your home, tools, training / L&D, transmedia, TVs, UK, United States, universities, user experience (UX), user interface design, vendors, vision/possibilities, visualizing information, web-based collaboration, by Daniel Christian

From DSC:
Talk about streams of content! Whew!

I received an email from Adobe that was entitled, “This week on Adobe Live: Graphic Design.” (I subscribe to their Adobe Creative Cloud.) Inside the email, I saw and clicked on the following:

Below are some of the screenshots I took of this incredible service! Wow!

From DSC:
So Abobe — via Behance — is already doing several pieces of the “Learning from the Living [Class] Room” vision. I knew of Behance…but I didn’t realize the magnitude of what they’ve been working on and what they’re currently delivering. Very sharp indeed!

Churches are doing this as well — one device has the presenter/preacher on it (such as a larger “TV”), while a second device is used to communicate with each other in real-time.

Public Colleges Are Going After Adult Students Online. Are They Already Too Late? — from chronicle.com by Lee Gardner

Excerpts:

But competing with the established national players in online education presents a tall order. The so-called mega –universities have a huge head start and deep pockets, two advantages public universities are unlikely to overcome easily, if at all.
…
Mega-universities have spent more than a decade building and honing well-funded and sophisticated operations that function on a scale few start-ups can hope to match. They spend hundreds of millions of dollars each year marketing themselves nationwide to students.

Mega-universities have also developed recruitment and admissions operations designed to make things as easy as possible for working adults to enroll.

Reflections on “How to become a livestreaming teacher” [Grennier]

On 01/27/2021, in communities of practice, Daniel S. Christian, digital audio, digital learning, digital storytelling, digital video, distance education, education, education technology, experimentation, Facebook / Meta Platforms, Google, homeschooling/homeschoolers, ideas, innovation, instructional design, internet, K-12 related, learner profiles, learning, learning agents, learning ecosystem, Learning Experience Design, Learning from the Living [Class] Room, learning hubs & pods & microschooling, learning preferences, learning spaces, library / librarians, lifelong learning, marketplaces, multimedia, new business models, online learning, platforms, remote teaching and learning, smart classrooms, streams of content, student-related, teachers, teaching & learning, teaching online, technologies for your home, tools, TVs, United States, vendors, vision/possibilities, by Daniel Christian

How to become a livestreaming teacher — from innovatemyschool.com by Bobbie Grennier

Excerpts:

What is an encoder?
The format that a video camera records content in has to be transcoded so that it can be livestreamed to a destination like Facebook Live, YouTube, Twitch and Periscope. This is accomplished using an encoder software. An encoder optimizes the video feed for the streaming platform. The key to using an encoder is to learn to set-up scenes.

From DSC:
It will be interesting to see how learning-related platforms develop in the future. I’m continually on the lookout for innovative ideas across the learning landscapes, especially due to the Learning from the Living [Class] Room vision that I’ve been tracking this last decade. The pieces continue to come together. This might be another piece to that puzzle.

An online-based teaching and learning marketplace — backed up by AI, cloud-based learning profiles, voice-driven interfaces, learning agents, and more. Feeds/streams of content into how to learn about any topic…supporting communities of practice as well as individuals. And people will be key in this platform — technology will serve the people, not the other way around.

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/Agents/LLMs/and Related, 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 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.

3 Main Changes to Help Fill College Classrooms [Diana]

On 01/13/2021, in business side of he, colleges, community colleges, cost of getting a degree, funding / grants, higher education, law schools, leadership, new business models, parents/guardians, strategy, student-related, United States, universities, by Daniel Christian

3 Main Changes to Help Fill College Classrooms — from fierceeducation.com by Alison Diana

Excerpt:

Reducing Tuition:
Southern New Hampshire University last month announced it will cut the cost of its Fall 2021 campus-based programs to $15,000 or $10,000 per year and use “an increased focus on experiential and project-based learning; a new and more transparent financial aid process, shifting from merit-based to need-based financial aid awards to level the playing field for all students.”

This marks more than a 50% reduction of its fees, according to SNHU. The university also plans to increase its on-site campus enrollment to 4,500 students from 3,000, although it did not say how or if it expects to adapt faculty or administrative staffing.

SNHU is not alone in addressing tuition to encourage people to attend their schools.

As an alternative to a full master’s degree, edX and Coursera offer MicroMasters and MasterTrack certificate programs at a fraction of the cost of grad school — from businessinsider.com by Mara Leighton; with thanks to Ray Schroeder for sharing this resource

Excerpt:

edX and Coursera both offer cheap or free online graduate courses, many from top universities like MIT, Duke, and the University of Michigan.
edX MicroMasters and Coursera MasterTracks are bite-sized portions of master’s degree programs.
They can be used to build stand-alone skills to advance your career or as a stepping stone to a full master’s program.
We compared MicroMasters and MasterTracks for you here. Overall, the deciding factor will be the program itself. But generally, edX’s offerings are cheaper, have more options, and are more lenient than Coursera’s.

Learning Ecosystems

Coursera’s IPO Filing Shows Growing Revenue and Loss During a Pandemic [Wan]

New Opportunities in 2021: Improved Academic Mobility, Flexible Degree Attainment and Skills Verification [Novak]

Southern New Hampshire buys Kenzie Academy to grow alternative credentials [Busta]

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

Legaltech Careers Guide: Roles, organisations & routes into legaltech jobs [lawtomated.com]

Reflections on “The Great Contraction: Cuts alone will not be enough to turn colleges’ fortunes around.’ [Gardner]

Public Colleges Are Going After Adult Students Online. Are They Already Too Late? [Gardner]

As an alternative to a full master’s degree, edX and Coursera offer MicroMasters and MasterTrack certificate programs at a fraction of the cost of grad school [Leighton]

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