ERIC Number: EJ1064609
Record Type: Journal
Publication Date: 2013-Oct-8
Reference Count: N/A
Exploring Higher Education Business Models ("If Such a Thing Exists")
Harney, John O.
New England Journal of Higher Education, Oct 2013
The global economic recession has caused students, parents, and policymakers to reevaluate personal and societal investments in higher education--and has prompted the realization that traditional higher ed "business models" may be unsustainable. Predicting a shakeout, most presidents expressed confidence for their own school's ability to adapt, but only 57% agreed that, "the small New England college will remain an important fixture within the academic landscape for many years to come." (It's a bit like Americans voicing disdain for Congress as they reelect their own representatives.) As one respondent put it: "If your institution does not have a well-defined market niche ... that is robust, be that market in or out of New England, it is toast." Meanwhile, innovators and entrepreneurs are using multiple technologies to make available freely or cheaply, the things for which universities charge significant money. "MOOCs," free online courses, lecture podcasts, low-cost off-the-shelf general education courses, online tutorials, and digital collections of open-learning resources are disrupting higher education's hold on knowledge, expertise, instruction, and credentialing.
Descriptors: Higher Education, Business, Models, Online Courses, Paying for College, Student Costs, Competence, Shared Resources and Services, Tuition
New England Board of Higher Education. 45 Temple Place, Boston, MA 02111. Tel: 617-357-9620; Fax: 617-338-1577; e-mail: firstname.lastname@example.org; Web site: http://www.nebhe.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A