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:

Wednesday, May 7, 2014

Project DAVID - Vocation and reinvention in liberal arts colleges

“Project DAVID: Vocation and reinvention in Liberal Arts Colleges” is a collection of essays on disruption in higher education.  While written by people associated with Lutheran liberal arts schools, the topic transcends that base to all of higher education.  In scanning the list of essays, four caught my attention enough to download for later reading. 

“What is college for?  Getting to “why” in an era of technological disruption” (pp. 24-30) ends with 29 questions that address mission, technological change, disintermediation & unbundling, and fiscal & practical impacts associated with technology, not today, but what might be possible in the future.

“Strategic reinvention: Insights from leadership” (pp. 69-80) discusses reinvention underway at 20 colleges and what leadership at those schools thinks about change in higher education.

“Reinvention strategies: Analytics, policies and politics” (87-96) identified two paths toward transformative change: adaptation of the current core business and the establishment of a separate disruptive business model.

“Is the business model of higher education broken?” (pp. 111-118) argues both sides of this question with a conclusion that the answer depends on what factors are being examined.