Universities Need to Be Run Like Startups

UNIVERSITIES NEED TO BE RUN LIKE STARTUPS or risk becoming obsolete Is the golden age of universities over? 1 IN 3 STUDENTS WON'T FINISH COLLEGE 2 IN 3 STUDENTS LEAVE WITH DEBT STUDENT DEBT IS AT AN ALL TIME HIGH TUITION has increased faster than INFLATION THE BOTTOM QUINTILE IS DROWNING IN DEBT THE VALUE OF THE BACHELORS DEGREE HAS FALLEN EVERY YEAR SINCE 2000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2 IN 3 TEACHERS ARE PART TIME AND NON TENURE TRACK * THEY ARE FREE AND OPEN TO ANYONE MASSIVE OPEN ONLINE COURSES * MUCH MORE COST EFFECTIVE THAN THE TRADITIONAL COLLEGE MODEL * WILL LIKELY BECOME INCREASINGLY ACCEPTED AS LEGITIMATE COURSE CREDIT IN THE COMING YEARS are changing the face of higher education If Universities value isn't in delivering content, what is the advantage of the traditional classroom model? UNIVERSITY CULTURE CANNOT BE REPLICATED ONLINE I Universities that prepare students for a creative economy prioritize the same three things that drive successful startup cultures: DENSITY SILICON VALLEY WOULDN'T HAVE RISEN TO PREEMINENCE WITHOUT STANFORD AND BERKELEY CULTURAL CONNECTION BRINGS ENTREPRENEURIAL PROCESSES To unleash the potential of density, communities need nurturing: Bars Eateries Coffee Shops Housing UNIVERSITIES FOSTER THIS DENSITY ----- ------ - - It is hard to top the collaborative potential of a thousand online students 2 SHARED RESOURCES Education and innovation initiatives minimize expenses by pooling resources: ONLINE COURSES CANNOT TEACH BIOLOGY WITH LAB BASED EXERCISES Laboratories An advantage of Universities, but they need to act on it: * Stop restricting access by department or major * Don't tie use of facilities to intellectual Coworking Prototyping facilities property policies spaces * Need to partner with other universities to enforce tuition differentials 3 NURTURING COMMUNITIES WEBSITES vs CAMPUS COMMUNITIES It is difficult to build relationships online Universities foster real networking Breaking down the silos of disciplines in the traditional university is key Entrepreneurship students working with engineers Designers working with computer information system majors THERE ARE MANY AREAS THAT UNIVERSITIES HAVE THE ADVANTAGE THEY JUST HAVE TO EMBRACE THEM AND ACT or risk becoming obsolete Presented by: bestvalueschools.com Sources: DEVELOPED BY wired.com/2014/03/universities-moocs-need-consider-culture shirky.com/weblog/2014/01/there-isnt-enough-money-to-keep-educating-adults-the-way-were-doing-it N NOWSOURCING