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Harvard Business School professor: Half of US colleges will be bankrupt in 10-15 yrs
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nomad2u2001 Offline
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Post: #21
RE: Harvard Business School professor: Half of US colleges will be bankrupt in 10-15 yrs
(11-16-2017 12:34 PM)Niner National Wrote:  
(11-16-2017 09:11 AM)VA49er Wrote:  
(11-15-2017 05:30 PM)umbluegray Wrote:  
(11-15-2017 05:04 PM)Transic_nyc Wrote:  http://archive.is/CZxEr#selection-631.0-631.95

Quote:There are over 4,000 colleges and universities in the United States, but Harvard Business School professor Clayton Christensen says that half are bound for bankruptcy in the next few decades.

Christensen is known for coining the theory of disruptive innovation in his 1997 book, "The Innovator's Dilemma." Since then, he has applied his theory of disruption to a wide range of industries, including education.

In his recent book, "The Innovative University," Christensen and co-author Henry Eyring analyze the future of traditional universities, and conclude that online education will become a more cost-effective way for students to receive an education, effectively undermining the business models of traditional institutions and running them out of business.

At the Innovation + Disruption Symposium in Higher Education in May, Christensen specifically predicted that "50 percent of the 4,000 colleges and universities in the U.S. will be bankrupt in 10 to 15 years."

More recently, he doubled down on his statements, telling 1,500 attendees at Salesforce.org's Higher Education Summit, "If you're asking whether the providers get disrupted within a decade — I might bet that it takes nine years rather than 10."

Christensen is not alone in thinking that online educational resources will cause traditional colleges and universities to close. The U.S. Department of Education and Moody's Investors Service project that in the coming years, closure rates of small colleges and universities will triple, and mergers will double.

Fortunately, Christensen says that there is one thing that online education will not be able to replace. In his research, he found that most of the successful alumni who gave generous donations to their alma maters did so because a specific professor or coach inspired them.

Among all of these donors, "Their connection wasn't their discipline, it wasn't even the college," says Christensen. "It was an individual member of the faculty who had changed their lives."

"Maybe the most important thing that we add value to our students is the ability to change their lives," he explained. "It's not clear that that can be disrupted."

Maybe traditional colleges & universities might alter their business model and become more cost effective.

That wouldn't be a bad thing.

Either that or consolidate. I think the UNC University System has like 17 schools with most teaching all the same stuff.
Other than the small hbcus, i think the unc system is fairly efficient. We need schools serving every large metro/region in the state. A&t and nccu are worth keeping, but the other hbcus are a waste of money.

Wcu is another that may be an inefficient use of money, but the others all serve a need in the state.

I can agree. A&T has an engineering reputation and NCCU has one of two public law schools in the state and is in a lab partnership with UNC and Duke.
11-16-2017 04:39 PM
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mptnstr@44 Offline
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Post: #22
RE: Harvard Business School professor: Half of US colleges will be bankrupt in 10-15 yrs
(11-15-2017 07:36 PM)Kaplony Wrote:  
(11-15-2017 05:57 PM)bullet Wrote:  Small non-elite privates are most at risk.

Shouldn't be. The biggest waste is at these tiny publics that duplicate programs of other tiny publics just a few miles down the road.

Both are probably going the way of the Dodo.
Worse for small privates as they can cost 3-4 times what a public does and don't have the endowments to help offset costs to prop up enrollment.
11-16-2017 08:18 PM
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Bull_Is_Back Offline
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Post: #23
RE: Harvard Business School professor: Half of US colleges will be bankrupt in 10-15 yrs
(11-16-2017 01:14 PM)Lord Stanley Wrote:  
(11-16-2017 12:27 PM)Bull_Is_Back Wrote:  Fredonia makes no sense because nobody lives out that way. Geneseo is also in the middle of nowhere.

I think it is a good idea to have these type of schools (IL has EIU and WIU in the same vein as Fredonia and Geneseo) for exactly the reason that they ARE in low population, more rural/remote areas, and serve less than traditional college experience.

(I have close family ties to EIU so I can state with experience that EIU serves it's community very well, and contributes to continuing education and non-traditional students in many ways less visible than the idea of undergraduate co-ed. Anyway, my two cents.)

If money is tight do you keep them or do you keep schools like Brockport that are in a large-ish metro area.
11-16-2017 10:08 PM
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Lord Stanley Offline
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Post: #24
RE: Harvard Business School professor: Half of US colleges will be bankrupt in 10-15 yrs
(11-16-2017 10:08 PM)Bull_Is_Back Wrote:  If money is tight do you keep them or do you keep schools like Brockport that are in a large-ish metro area.

I think administrative streamlining is perfectly appropriate. I don't think there is a big need for, for instance, any type of diversity or equity departments of any size at these rural schools because there simply is a lot of interest in these type of schools by diversity or equity candidates. Do you need an administrator or two making sure you are following Title X and Title 9? Yes. Do you need 11 administrators, diversity recruiting managers, a VP and an EVP to do this? Never. The examples are myriad and pervasive.

Probably could be more realistic and strategic about the majors and classes taught as well. And college athletics also.

Perhaps the answer is that the schools we are discussing are more focused on education than the "college experience?"
11-17-2017 09:03 AM
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Bull_Is_Back Offline
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Post: #25
RE: Harvard Business School professor: Half of US colleges will be bankrupt in 10-15 yrs
(11-17-2017 09:03 AM)Lord Stanley Wrote:  
(11-16-2017 10:08 PM)Bull_Is_Back Wrote:  If money is tight do you keep them or do you keep schools like Brockport that are in a large-ish metro area.

I think administrative streamlining is perfectly appropriate. I don't think there is a big need for, for instance, any type of diversity or equity departments of any size at these rural schools because there simply is a lot of interest in these type of schools by diversity or equity candidates. Do you need an administrator or two making sure you are following Title X and Title 9? Yes. Do you need 11 administrators, diversity recruiting managers, a VP and an EVP to do this? Never. The examples are myriad and pervasive.

Probably could be more realistic and strategic about the majors and classes taught as well. And college athletics also.

Perhaps the answer is that the schools we are discussing are more focused on education than the "college experience?"

That's a fair assessment but I don't see it happening.
11-17-2017 11:11 AM
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