by Bruce Guile and David Teece, Forbes
A revolution is coming to U.S. higher education, one that will sweep away an archaic business model, erase the value of many venerable brands, and enhance the brands of new entrants and nimble incumbents. It will be a tough time for many U.S. colleges and universities but great news for the rest of the world. Over the next decade, institutions in the U.S. and in other countries with mature higher education sectors will be struggling to justify the cost and value of a residential degree program when students get much of the same content and a good portion of the classroom experience from an online instructor in another city or across an ocean. They will be asking, what is the value added by our campus when demand can be aggregated either by bringing students to campus or, much less expensively, by reaching and teaching students online virtually anywhere in the world?
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