Via:
OnlineEducation.net
On 06/11/2011,
in business side of he, change, cost of getting a degree, dangers of the status quo, disruption, distance education, elearning, internet, New "Amazon.com" of Higher Education, online learning, visualizing information,
by Daniel Christian
On 06/08/2011,
in budgets, business side of he, colleges, community colleges, cost of getting a degree, higher education, New "Amazon.com" of Higher Education, society, student-related, universities,
by Daniel Christian
College choice & prudent consumers (infographic) — from the Higher Education Management Group by Keith Hampson
On 06/07/2011,
in budgets, business side of he, cost of getting a degree, dangers of the status quo, Daniel S. Christian, disruption, leadership, New "Amazon.com" of Higher Education, new business models, strategy, student-related, trends,
by Daniel Christian
From ‘gainful employment’ to lower college costs — from The WashingtonPost.com by Matt Miller
Excerpt (extra emphasis by DSC):
But whatever happens as these new rules are implemented in next few years, for-profit colleges will never get out from under a cloud, nor make good on their potential social contribution, until they pass on to students the benefit of the lower educational cost structures they are creating. To date, they’ve been reluctant to do so, because, for public companies especially, it seems tantamount to ignoring the shareholder interest in maximizing profits.
But this is shortsighted. For one thing, it ensures a perennial political backlash, which can’t serve shareholders over time. And beyond this, as a business matter, it means there’s a huge opening for any number of “Wal-Marts of higher ed” to win a vast market of underserved or overindebted young Americans (or mid-career workers who seek training) who desperately need affordable, high-quality educational services. The strategy should be to lower costs, lower prices and “make it up on the volume.” The firms that do this and earn a reputation for quality will force the traditional college world to reexamine its own inefficient practices, to the lasting benefit of students and the governments that fund them.
From DSC:
Also see:
- The Forthcoming “Walmart of Education” — by Daniel S. Christian (12/1/08); this is where we are going, at least in part. Major disruption is on the way (and parts of it are already here).
On 06/01/2011,
in accreditation, budgets, business side of he, cost of getting a degree, dangers of the status quo, Daniel S. Christian, disruption, education technology, future of higher education, game-changing environment, higher education, instructional design, leadership, learning theories, New "Amazon.com" of Higher Education, new business models, online learning, open courseware and systems, pedagogy, reinvent, staying relevant, teaching & learning, vision/possibilities,
by Daniel Christian
Is Higher Education Ready for “The Education Bubble”? — from CampusTechnology.com by Trent Batson
Excerpts:
American higher education–the jewel in the global crown of universal education, with nearly a quarter of the total number of higher education institutions in the world, and including graduate programs that are the envy of the world–is facing the prospect of being the next bubble to burst. Technology is both a culprit and a promising ally.
The spread of information technology, and its infusion into our culture, has opened the world to learning opportunities–raising expectations for college graduates and changing the terms of success.
Is American higher education ready to either prevent the bubble from bursting or to weather the storm when it does burst? And what is the bubble?
…
The bubble, as we can see by all the dimensions just described, is, in fact, a potential “perfect storm.”
…
But this effort must also result from a presidential-level decree: “The learning theory that fit so well in our culture and with the dominant technology pre-1995 (print-based and paper-based technologies), now is not working very well for any of us, so we have to change. Each of you on campus has sincerely and devotedly committed yourselves fully to learning, but now we know that our learning epistemology is less and less appropriate. This is not your fault; it is simply a time of incredible human growth; it is a time of rapid evolution in our culture; a time of re-shaping our economy. We must transform or become irrelevant.”
From DSC:
Good to see I have some company in these perspectives; thanks for the article Trent. Also see:
- The Forthcoming Walmart of Education
- The below graphics that I created a while back reflecting on whether there was a bubble building within higher ed (2/16/09) as well some of the elements of “The Perfect Storm in Higher Education” (9/10/10).
- The point is we need a response to these trends — we don’t want to be broadsided.
From 5/21/09
On 05/30/2011,
in accreditation, business side of he, change, cost of getting a degree, future of higher education, game-changing environment, higher education, innovation, leadership, New "Amazon.com" of Higher Education, new business models, policy, reinvent, staying relevant,
by Daniel Christian
On 05/11/2011,
in business, business side of he, change, changing business models, disruption, innovation, internet, journalism, reinvent,
by Daniel Christian
The story so far: What we know about the business of digital journalism — from Columbia Journalism School by Bill Grueskin, Ava Seave, & Lucas Graves
From DSC:
This type of report is relevant for many of the industries being disrupted by the Internet, including higher education. To me, the words “reinvent” and “innovate” came to my mind while reviewing this report.
Also see:
- The story so far: Will sponsored content and creative ads save digital journalism? — from Forbes.com by Nathaniel Parish Flannery
On 05/09/2011,
in budgets, business side of he, cost of getting a degree, disruption, future of higher education, game-changing environment, New "Amazon.com" of Higher Education, student-related,
by Daniel Christian
Number of the week: Class of 2011, most indebted ever — from The Wall Street Journal by Mark Whitehouse
Excerpt:
$22,900: Average student debt of newly minted college graduates
The Class of 2011 will graduate this spring from America’s colleges and universities with a dubious distinction: the most indebted ever.
On 04/29/2011,
in budgets, business side of he, education technology, higher education, United States,
by Daniel Christian
Boosting productivity in US higher education — from McKinsey Quarterly by Cota, Jayaram, Laboissière
Excerpt:
The United States needs more college graduates. Opinions vary on exactly how many, but McKinsey estimates that the nation will need an additional one million each year by 2020 to sustain its economic health. That would mean increasing today’s annual total—2.5 million—by 40 percent.
To meet this goal, universities and colleges would have to increase their output of graduates by 3.5 percent a year over the next decade. That’s a daunting task for two reasons. First, it would cost an additional $52 billion a year, based on 2008 costs to produce a graduate. Yet many states, plagued by fiscal woes, have recently lowered spending on higher education, a trend that’s unlikely to be reversed. Second, to achieve this increase, colleges would need to enroll many more than 3.5 percent more freshmen each year, because today, on average, only 40 percent of students who enroll go on to graduate.
On 04/05/2011,
in budgets, business side of he, cost of getting a degree, education reform, face-to-face, future of higher education, game-changing environment, higher education, New "Amazon.com" of Higher Education, new business models, online learning, vision/possibilities,
by Daniel Christian
From DSC:
Not that I’m on board with everything here…but the following excerpt from Rethinking colleges from the ground up — from the World Future Society by Thomas Frey — is worth reflecting upon; and so are some of the questions listed at the bottom of this posting.
(NOTE: You may need to be a member to access this article in its entirety; emphasis DSC)
So What’s Changed
The obvious question to start with is simply, “What’s changed?”
Why is it that an education system that has produced some of the world’s top scientists, engineers, and business executive is no longer good enough to serve today’s young people?
The answers can be found in the following five areas:
- From information poor to information rich
- Fierce competition
- The cost to benefit ratio is changing
- New times require new intelligence
- Shift from individual intelligence to group intelligence
The following are but a few of the reasons why changing times demand different solutions…
…
Colleges are being pushed in a number of directions but the big dividing points will be oriented around in-person vs. online, and for the in-person side of the equation, doing the things in-person that cannot be done through online education.
Also see:
- Education and the New Normal — The WorldFuture 2011 Education Summit | July 7-8, 2011 | Sheraton Vancouver Wall Centre Hotel, Vancouver, BC, Canada
What does the “new normal” of shrunken classroom budgets, greater reliance on information technology and the ongoing science and math skills shortage mean for the future of education? Join fellow futurists this summer in Vancouver to solve these and other questions during our two-day WFS-exclusive Education Summit. This year’s speakers include FUTURIST magazine authors Maria H. Andersen, David Pearce Snyder, and Tom Lombardo among many others.
Sessions include:
- Defining the “New Normal” for Education
- Education as a Service
- Where’s the “Learn This” Button?
- Learning in Depth: A Simple Innovation That Can Transform Schooling
- A New Education Vision: Reinventing School-to-Employment Systems for Knowledge-Based Global Economies
- The New Tech Network
- Jump-Start Your Career as a Foresight Educator
- Reinventing Educational Activism by Creating Linkages: Technology, Content-Driven Collaboration, and Financial Literacy
- A New Century: A New Instructional Paradigm
- Educating the Wise Cyborg of the Future
- Deconstructing the Education Monopoly in the United States
- Futurists and the Future of Education
WorldFuture 2011 Education Summit: $295 for WFS members/$345 for nonmembers. Learn more and register here.
On 03/31/2011,
in business side of he, change, cost of getting a degree, dangers of the status quo, Daniel S. Christian, disruption, future of higher education, game-changing environment, journalism, New "Amazon.com" of Higher Education, new business models, organizational change,
by Daniel Christian
The newsonomics of oblivion — from the Nieman Journalism Lab by Ken Doctor
Excerpt:
The threat of oblivion should be a powerful motivator, and we now see — finally — after a decade of decline, its specter moving us away from incremental, “experimental” tests to a fundamental restructuring of the business of news.
From DSC:
(I don’t mean to be full of doom and gloom here. However, a healthy respect of the disruption being caused by technology is warranted here I believe.)
I couldn’t help but think of higher education as an industry when I reviewed this particular blog posting. Those of us working within higher education need to be highly aware of how other industries are dealing with the disruptions being caused by the Internet and other technologies. Why? Because the disruption has already begun within higher education.
On 03/23/2011,
in business side of he, cost of getting a degree, disruption, future of higher education, game-changing environment, innovation, New "Amazon.com" of Higher Education, new business models, online learning, quality, strategy, United States, vision/possibilities,
by Daniel Christian
Christensen on disruptive innovation in higher education — from Lloyd Armstrong, University Professor and Provost Emeritus at the University of Southern California
Although the absence of an upwardly scalable technology driver has rendered higher education impossible to disrupt in its past, we believe that online learning constitutes such a technology driver and will indeed be capable of disruptively carrying the business model of low-cost universities up-market.
On 03/09/2011,
in budgets, business side of he, higher education, leadership, legislatures / government / legal, United States,
by Daniel Christian
Conclusion:
States and the nation as a whole face challenging higher education financing and policy decisions. The pattern during the past three decades includes cyclical downturns in per student funding resulting from economic recessions, followed by recovery and growth. State and local revenue for higher education per student has declined and then recovered, often exceeding previous levels.
The SHEF studies for 2006, 2007, and 2008 indicate a three-year increase in state and local support for public higher education relative to inflation and student demand, following a period of declining public investment in higher education between 2001 and 2005. The three-year recovery abruptly ended when, in 2008, the nation suffered the worst recession since the Great Depression. Past experience and current indicators suggest that state revenue will recover slowly in the next few years. Despite the success of ARRA funding in cushioning the recession’s impact, the continuing fiscal crisis beginning in 2008 clearly poses a severe threat to the strength of higher education in the United States.
Such recurring budgeting cycles can be challenging and discouraging. The resiliency of state support for higher education, however, suggests its importance to our future is widely recognized. But there is no question that the fiscal challenges facing the nation will require both creativity and commitment from policymakers and educators. The data and analysis of this and future SHEF reports are intended to help higher education leaders and state policymakers focus on how discrete, year-to-year decisions fit into broader patterns of change over time, and how each step contributes—or not—to meeting longer-term objectives.