Online Learning Update

November 21, 2013

Online Courses to Turn MBA Programs Into Dinosaurs, Panel Says

Filed under: Online Learning News — Ray Schroeder @ 12:02 am

By Oliver Staley, Bloomberg

Business schools may be forced to close or overhaul their offerings because of the rapid growth in cheaper online alternatives for management training, according to professors and deans. “Half of U.S. business schools will be out of business in five to seven years because of online disruption,” Roger Martin, a professor and former dean of the Rotman School of Management at the University of Toronto, told a forum on education in London hosted by management ranking organization Thinkers 50. Technology has widened access to business education through the creation of massive open online courses, or MOOCs, enabling students to cut costs and focus their learning by picking modules and working from home. “The advent of online learning, and the propensity of more and more companies to bring teaching of management in-house, versus outsourcing it, makes disruption a very big deal for business schools,” said Clayton Christensen, a management professor at Harvard Business School.

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