new business models

Coursera Conference 2021: Highlights and Takeaways — from blog.coursera.org by Betty Vandenbosch

Excerpt:

The Coursera Product Innovation session was another conference favorite, as we shared learner stories and offered a glimpse into some of the key innovations we worked on over the past year to support learners, educators, and institutions:

Individual learners now benefit from personalized course recommendations, hands-on projects, improved accessibility options, and AI-powered support to help motivate and encourage them on their learning journey.
Educators and instructors can import videos, quizzes, and other assets to re-use across courses. They can also connect Coursera to their institution’s learning management system and repackage content to create new, stackable credentials such as Specializations and Professional Certificates.
Businesses, governments, and universities can help employees and learners develop in-demand skills to stay competitive in the workplace with smart solutions like SkillSets and Academies, which are designed to offer targeted skills development in every part of an organization.

Also see:

Elite Colleges Started EdX as a Nonprofit Alternative to Coursera. How Is It Doing? — from edsurge.com by Jeffrey R. Young

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.

Imagine the future of law, legal technology and new law jobs [Goyal]

On 05/12/2021, in 21st century, Canada, career development, change, changing business models, future, future of legal industry, law schools, Legal operations, legal reform, legal technologies, legislatures / government / legal, new business models, technology (general), workplace, by Daniel Christian

Imagine the future of law, legal technology and new law jobs — from canadianlawyermag.com by Monica Goyal
The year is 2025. The legal system was transformed by COVID-19 and the profession reflects that

Excerpt:

The question for all of us is what happens next? Some say lawyers will go back to their offices and things will operate as they did pre-pandemic. But what about the massive changes to global business and the impact of digitization on the profession? How will this new cyber-efficiency influence future legal jobs? Consider three different kinds of lawyers in the year 2025:

Will a Rise in Online Learning Open Remote Teaching Opportunities for Faculty? — from edsurge.com by Robert Ubell (Columnist)

Excerpts:

Liberating campus-bound faculty.
Of the many remarkable things about online learning—its principal benefit—is to give students the freedom to learn almost anywhere. And that goes for faculty members, too, who might now have access to new opportunities to teach remotely for institutions around the globe—and let colleges hire online faculty with attractive strengths who happen to live far away.

That has already started to happen during the pandemic, with so many faculty and staff working and teaching from home. Since it has made no difference to their students where they were living, some, quite privileged, took off for country homes or slipped away to vacation spots, continuing to teach online as if they were at a nearby campus.

109 New University Partnerships with OPMs, Bootcamps and Pathways in Q1 2021 — from holoniq.com
Universities around the world are accelerating their adoption of Academic Public-Private Partnerships.

Excerpt:

Based on the rate of partnership growth in Q1, 2021 may deliver over 400 new academic partnerships if growth continues at the same rate.

Other key points:

The US led the development and growth of the OPM model, now we are seeing an acceleration in adoption of OPM partnerships in international markets across Australia, Asia and Europe
Bootcamp Partnerships are powering Universities with immersive, short-format programs in technology and new domains in business. Expert curriculum, deep industry relationships and hiring pathways are driving very fast growth in campus-based and online programs.
We expect the Global OPX Market to grow at 19% CAGR, reaching $13.3B by 2025.

2021 EDUCAUSE Horizon Report® | Teaching and Learning Edition

This report profiles key trends and emerging technologies and practices shaping the future of teaching and learning and envisions a number of scenarios and implications for that future. It is based on the perspectives and expertise of a global panel of leaders from across the higher education landscape.

Unbundled law firms find success offering virtual legal services [Moran]

On 04/28/2021, in 21st century, 24x7x365 access, Access to Justice (A2J), changing business models, ideas, innovation, law schools, legal reform, legal technologies, legislatures / government / legal, new business models, society, telelegal, United States, vendors, videoconferencing, Virtual courts, by Daniel Christian

Unbundled law firms find success offering virtual legal services — from abajournal.com by Lyle Moran; with thanks to Gabe Teninbaum for this resource

Excerpt (emphasis DSC):

The Law Shop by Skogerson McGinn in Van Meter, Iowa, provides unbundled legal services, which means it helps clients with specific legal tasks rather than assisting them with their entire cases or matters.

In the family law realm, its unbundled offerings include coaching self-represented litigants on filling out divorce forms and preparing child support worksheets.

By emphasizing this nontraditional approach, also known as limited-scope representation, The Law Shop has attracted inquiries from consumers across the state seeking affordable legal assistance.

Four items from the Chief Learning Officer

On 04/24/2021, in business, changing business models, corporate / business world, corporate universities / corporate training, culture, learning, learning ecosystem, MBA, new business models, training / L&D, workplace, by Daniel Christian

The art of the pivot — from chieflearningofficer.com by Jay Campbell and Doug Glener
Try these four tactics the next time you have to change direction.

Excerpt:

The ”first pancake” metaphor — a test to see if the batter and heat are just right — is an example of framing. The results are informative, but not pretty. Framing an experiment as a first pancake lowers the stress and pressure while simultaneously making the experiment fun and playful. Leaders who successfully frame a situation can shift people’s attitudes about even the most intimidating changes.

Supporting healthier minds through learning and development — from chieflearningofficer.com by Elizabeth Loutfi
L&D teams have helped to alleviate some of the stress and anxieties people are feeling as their organizations grapple with pandemic-related changes and challenges.

Meet the CLO Advisory Board: Bob Mosher — from chieflearningofficer.com by Elizabeth Loutfi
Meet longtime CLO advisory board member Bob Mosher, CEO and chief learning evangelist for APPLY Synergies.

CLO: What lessons did you learn back in 2020 that you’ve taken with you into 2021?
For me, it’s the art of listening. As educators, we’re supposed to have answers and we’re supposed to be the owners of content and the developers of programs. We get help from the business, but we’re very locked in our ways. Understandably so, but all of our ways were thrown out last year. My instinct, and many, was to rush to solution, rush to help. That was fairly humbling for me. It was a year to reflect and sit back and examine my commitment to things over doing the right thing. It taught me that — which L&D should do well anyway, but when you get senior like me and you’ve done it a bunch of times — you guess people’s right answer, or think you can. Because there was no normal and we weren’t making courses like we always used to, it was a year of reflection and listening for me to kind of rekindle that skill.

5 ways to foster a learning culture — from chieflearningofficer.com by Jonathan Finkelstein
By placing importance on growth at all levels of the organization, you can foster a learning culture that serves your people and helps your business grow.

All Eyes on Utah: Launching the ‘First Nonlawyer-Owned’ Law Firm [Lancaster]

On 04/21/2021, in Access to Justice (A2J), career development, Justice Tech, law schools, legal reform, legislatures / government / legal, new business models, policy, society, United States, vendors, workplace, by Daniel Christian

All Eyes on Utah: Launching the ‘First Nonlawyer-Owned’ Law Firm — from law.com by Alaina Lancaster
Daniel Wilde, an attorney for Law On Call, which claims to be the first nonlawyer-owned law firm in the nation, says the entire country can benefit from the innovative business models coming out of Utah.

Excerpt:

[The week of April 5], a registered agent service provider announced that it launched the first nonlawyer-owned law firm in the United States.

The move comes after the Utah Supreme Court approved a pilot program that would allow nonlawyers to provide certain legal services—a proposition that’s been kicked around in California, Arizona, Illinois and the District of Columbia. Under Northwest Registered Agent’s Law On Call model, clients can pay a $9 monthly subscription, where they can ring up lawyers directly. They can also hire Law on Call’s attorneys for legal work at discounted rates.

Report Maps Growing ‘Justice Tech’ Market, Urges VCs To Invest [Ambrogi]

On 04/12/2021, in 21st century, 24x7x365 access, Access to Justice (A2J), change, changing business models, ideas, innovation, Justice Tech, new business models, society, technology (general), United States, by Daniel Christian

Report Maps Growing ‘Justice Tech’ Market, Urges VCs To Invest — from lawsitesblog.com by Bob Ambrogi; with thanks to Gabe Teninbaum and his Lawtomatic Newsletter for the resource

Excerpts:

A report issued yesterday documents the growing market for “justice tech” — startups focused on reducing inequities in the criminal and civil justice systems — and urges venture capitalists to invest in these startups.
…
The report, Justice Tech for All: How Technology Can Ethically Disrupt the US Justice System, was published by two VC firms that focus on impact investing: Village Capital and the American Family Insurance Institute for Corporate and Social Impact (AmFam Institute).

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, 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).

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.

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.

Learning Ecosystems

Coursera Conference 2021: Highlights and Takeaways [Betty Vandenbosch]

Imagine the future of law, legal technology and new law jobs [Goyal]

Will a Rise in Online Learning Open Remote Teaching Opportunities for Faculty? [Ubell]

109 New University Partnerships with OPMs, Bootcamps and Pathways in Q1 2021 [holoniq.com]

2021 EDUCAUSE Horizon Report® | Teaching and Learning Edition

Unbundled law firms find success offering virtual legal services [Moran]

Four items from the Chief Learning Officer

All Eyes on Utah: Launching the ‘First Nonlawyer-Owned’ Law Firm [Lancaster]

Report Maps Growing ‘Justice Tech’ Market, Urges VCs To Invest [Ambrogi]

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

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]

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