Wednesday, August 27, 2014

Potential for disruption from crowdsourcing education on public LMS platforms?

I am sure everyone reading this post has followed the public attention given to MOOCs over the last few years.  Also getting significant recognition are Kahn Academy and other Open Education Resources (OER) initiatives supported with foundation grants.  However, while attention has focused on Udacity, Coursera, and edX, something else has been going on.  Similar LMS platforms have organized for the most part outside the view of higher education.  Companies such as Udemy, SkilledUp, and a few others now operate as open, public LMS platforms where anybody with decent videotaping capability can be a self-proclaimed expert and publish a course.  In line with the theory of Disruptive Innovation, these companies are operating outside the mainstream of secondary education and have an inferior product by our standards.  Yet, they are attracting significant numbers of paying students who would otherwise not have access to higher education or are taking courses outside what is available on college campuses. 

Wednesday, July 16, 2014

Finding new revenue

A recent article in University Business focused on some of the ways colleges are finding new revenue.  A sampling from the article includes:


-          For some, summer school is a way to take advantage of unused campus facilities, especially if the campus is located in an area that is attractive to summer vacation visitors.
-          Increasing involvement on high school campuses.
-          Moving online though that will be an increasingly competitive market.  Many schools also are not aware of the regulatory requirements outside their state and are forced to balance the need for a multi-state strategy to hit economies of scale online with the overhead of additional state reporting requirements.
-          Adding to their continuing education offering.
-          Competency-based education (CBE) programs came up a few times. 

Tuesday, July 1, 2014

The Expanding Network of Global Flows

by Dr. Souren Soumbatiants
     Program Chair, Business Economics
     Franklin University

The McKinsey Global Institute (MGI) has recently published a report on the evolution of the goods and services, financial, electronic and people’s flows over the last decade. Titled “Global Flows in A Digital Age”, the report presents rich data as well as thorough analysis of the contemporary global economy. According to the report, “a growing share of the world’s economic activity involves cross-border flows”. The rising importance of the emerging economies is ushered in by both increasing prosperity and technological advances.   

There are many implications that affect not only the business community, but also, arguably, business education. Among them:

Wednesday, June 4, 2014

Porter vs. Christensen – a battle of opposing theories

A recent NY Times article discussed an interesting situation as Harvard Business School moves away from the edX MOOC model of online education to a new “pre-MBA” program of four online courses that are intended to give liberal arts students some fluency in business.  To a great extent, the HBS case model is being replicated with synchronous online classes leading to a “paper credential” with high honors, honors, and pass grading.

Monday, May 19, 2014

New view of Student Segmentation

The “traditional” versus “non-traditional” segmentation has been around for a while and is starting to show its age when attempting to understand why students enroll for a college education.  A new report “The Differentiated University” expands student segmentation to six categories: