From DSC:
“The Walmart of Education [Christian, 2008]” appears to be materializing in front of our eyes.
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Three trends in higher education that defy the status quo — from onlinelearninginsights.wordpress.com by Debbie Morrison
Excerpt:
Leading educators shared their insights and innovative programs – three dominant themes emerged, 1) competency based learning, 2) personalized student learning and 3) the changing role of the instructor. Each presenter shared extensive research in an area of his or her expertise and details of an innovative educational program; programs that provide a non-traditional education that defy the status quo. The summary of the trends follow, with a ‘takeaway’ for each designed to provide readers with practical ideas for application to their own area of study or work.
Classroom of 2020: The future is very different than you think — from theglobeandmail.com by Erin Millar
Excerpt:
This is the brave new world of higher education, where students teach professors, technology enables digital note-passing and online courses enroll thousands of students. The pupil-tutor relationship has been turned on its head. A perfect storm — extreme financial constraints, a technological revolution, groundbreaking pedagogical research, and increased expectations from students facing weak job prospects — is forcing universities to reimagine their purpose. And all the while, a university education has never been more in demand from so many parts of the world.
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Technology and the broken higher education cost model: Insights from the Delta Cost Project — from Educause by Rita Kirshstein and Jane Wellman
Excerpt:
Although U.S. higher education has faced numerous crises and dilemmas in its history, the situation in which colleges and universities find themselves at the moment is indeed different. Shrinking public subsidies coupled with historic rises in tuitions come at the same time that colleges and universities have been tasked to dramatically increase the number of individuals with postsecondary degrees. Additionally, many of these students need financial aid, putting further strains on the higher education system. The stratification between rich and poor institutions in their access to resources is also growing. These conditions make the current “cost model” under which higher education has typically operated no longer sustainable and have led to college and university leaders examining alternative ways to deliver both high-quality and affordable higher education. These alternatives incorporate technology and include access to distance-delivered education and services, a focus on learners’ outcomes rather than inputs, and technologically sophisticated buildings and classrooms.
The changes are welcome and largely overdue in much of higher education, but unless the use of technology, whether in instruction or in the operation of the institution, is guided by an understanding of higher education costs and cost structures, its use will not fix the problem of a broken higher education cost model. This problem is not confined to the way that instruction is funded and delivered; rather, it is much broader, including the costs of academic and administrative overhead and the largely unexamined “fixed costs” that drive so much of institutional spending. To implement technological innovations that can improve both efficiency and effectiveness, leaders must be guided in their efforts by a strong understanding of the impact of the innovations on both costs and revenues, as well as on learning outcomes. Without this understanding, leaders are likely to follow the usual model of innovation in higher education: implementing program add-ons, which are sometimes successful and sometimes not but which inevitably increase costs rather than replacing or reducing them and ultimately fail to take hold in ways that will leverage systemic improvements.
Key quote/lesson from “How Barnes & Noble destroyed itself” — from fool.com by John Maxfield
An unnecessary tragedy
What makes B&N’s story tragic from a shareholder’s and book-lover’s perspective is that it wasn’t inevitable. The company would be in an entirely different position if its leadership hadn’t pooh-poohed online retail in the late 1990s, when the now-dominant Amazon was in its infancy. Consider this from its 1998 annual report: “Although it is clear the World Wide Web, with its profound possibilities, will become a major component of the future of bookselling and publishing, we believe retail bookstores will remain the foundation of our industry . . . shopping and browsing in a bookstore is an irreplaceable experience, and it is woven securely into the fabric of our American culture [emphasis added].”
From DSC:
I love going to B&N; sipping some coffee and reading a book. So don’t get me wrong, I really enjoy the physical experience of going to a bookstore. But the lesson for higher ed — as well as for the corporate world — is that technology cannot be pooh-poohed and shoved aside. Those who do so will be very sorry that they chose that route. There can be danger in pursuing the status quo.
How about your organization…is there solid representation of technology on your board/executive suite/leadership team?
My last thought here relates to my posting What happens in our hearts has very practical, relevant implications in our daily lives
In 2009, the company paid its chairman of the board, Len Riggio, nearly $600 million for B&N College, an amalgamation of campus-based bookstores that controlled the rights to the parent company’s trade name and was then owned by Riggio and his wife.
At the time, it looked like a classic covetous overreach by an executive to extract capital without selling shares. When all that’s left of B&N is a Harvard case study, however, my guess is that this blatant display of avarice and disregard for minority shareholders will be characterized more ominously as the proverbial straw that broke the camel’s back.
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Also relevant here:
Also see: