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Showing posts with the label Higher Education Business

The moment of Private Higher Education

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As they scramble emergency measures together, the university leaders are gradually coming to the conclusion that the changes will be long-term. If only reluctantly, they are accepting that remote learning is here to stay, if only because the students' direct experience of it makes it far less intimidating. But this is only a part of the change. The economic and political after-effects of the massively stretched state finances are bound to mean accelerating changes in the public-private balance in higher education. Coming together with the expansion of remote learning, shift to digital work and changing geopolitical alignment reconfiguring international education, this is a perfect storm moment for higher education. As with remote learning, the balance has already been changing in public-private higher ed. In fact, this 'new normal' creates new opportunities for private higher education. With their focus on efficiencies, private Higher Ed institutions were ahead in the appli...

India & Global Higher Ed: The time is NOW!

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Higher Education in India is one of the world's most exciting opportunity, and one of the most frustrating problems. The maths are obvious. India has hit upon a massive demographic opportunity, with more than 2 million people on average reaching college-going age every month. Its young population is expected to form a quarter of worlds working age people in a decades time, and its economy, driven by the power of domestic consumption, is expected to become the world's third largest. Despite the recent poor showing of India's rupee and near-death experience of some of its banks, India's economy is also one of the most resilient, given its relatively low exposure to external debt, frugal habits of its people and the strong internal markets. It is expected to wither any global economic storms better than any of its peers.   Yet, despite the massive expansion of the Higher Education sector - 10 colleges opened a day on average between 2006 and 2014 - the Gross...

The Rhetoric of Student Debt

Higher Education as a business is an American idea, mostly! The American For-Profit Education companies are the largest in the world, and they are no longer American. They have assets - universities, publishing companies, online operations - all over the world. And, they are present in every conversation about Higher Ed in every country, lobbying for For-Profit participation (which many countries do not allow) and privileges (mostly access to public funding for students). How this should be viewed depends on one's point of view, and I did previously argue that some diversity is good for Higher Education sectors in different countries (though my views have evolved since, as I came across Hirschman's argument why private sector education, instead of improving the quality of public sector through competition, actually has the opposite effect). But, regardless of the broader argument, one thing fascinates me about this debate: That American For-Profits point to the student de...

Platform Thinking For Global Higher Education

I came across a deeply insightful article by Vivek Wadhwa pointing out that the most successful companies in Silicon Valley are not focused on selling products. They are instead creating enabling ecosystems for others to create value, and they are capturing a portion of that value. They know that the value comes from communities and conversations, and not from selling close-ended blackboxes, at least not anymore.  In a different context, this is a message that companies claiming to 'disrupt' global education should take to heart. All they want to do is to sell those products - 'degrees' in most cases - structured as close-ended black-boxes. And, as the marketplace for such education offerings are becoming global, primarily with the growth of middle classes in Asia and Africa, the limits of this model are more and more visible. Education as an activity is deeply shaped by local cultures and preferences, and most attractive markets, such as India or China, already ...

Internationalisation of Higher Education and Open Business Models

I have been working on Internationalisation of Higher and Professional Education for over a decade now, mostly at the business ends of things and exploring strategic opportunities. Therefore, I find myself often in conversations about how to internationalise educational offerings, often involving developed country institutions trying to tap into demographic booms in emerging markets, and sometimes, emerging market institutions reaching out the other way.  Most of this conversation, as I see it, is opportunistic. The list of failed attempts is long, which, not incidentally, include my own two years of developing a business to deliver British qualifications online in partnership with colleges in India and China. So, my current wisdom is not just theoretical - it has all the practicalities of someone who burnt himself in the process!  This makes me reluctant, often to the surprise of willing collaborators or investors who would see me try again, to engage again in cross...

The Brave Global World Of The British Universities

British Universities are very global and not at the same time.  If one walks into an university classroom, particularly a Postgraduate one, chances are to meet a  majority of students coming from outside the UK. In fact, almost 70% of the students in Research and Taught Higher Degrees at the UK universities came from outside the UK in 2013/14, as did 18% of the First Degree students. In England, 19% of all students are International, and one in five in Scottish universities would have been born elsewhere. 38% of all Business students, 32% of all Engineering students and 25% of all Law students are International. Add to this the 636,675 students pursuing an UK degree from abroad (of which 76,600 are in Malaysia and 50,070 in Singapore), mainly due to the franchising and other arrangements that have become a long-established tradition in the UK universities (UKCIS Data). UK universities also represent a global research superpower. BIS reports UK represents ju...

Should India Allow For-Profit Higher Education?

I was in a debate not long ago on the topic whether For-Profit Higher Education should be allowed in India. In a way, I have a predictable position, given that I have spent most of my working life in For-Profit companies. But there are more reasons why I should generally answer in the affirmative to this question. First, because I always argue for diversity of provisions in the Education sector. Second, and more importantly, I believe that the government is generally incapable of providing services, and should confine itself to providing infrastructure and maintaining regulatory frameworks.  The aforementioned debate was conducted in equally predictable lines. There were some, arguing against For-Profit Higher Education, rooted their argument on a moral revulsion of Profit - that one should not be in education for making money! The other group, arguing in favour, was logic of the market - that it would improve access, bring innovation and enhance efficiency of the sector. The...

Higher Education As A Business

I have been involved in the ugly end of the Higher Education - For-profits - for too long to not to detect the puzzle that lies at the heart of Higher Education as a business. Good Higher Education, if we overcome the cynicism to believe that there is such a thing (and overcome the claim that Higher Education is a mechanism to perpetuate privilege, and nothing else), needs elements such as a community, a gift culture, a long term vision and high levels of trust, which are not common in the business world. The investment world, which gets involved in owning and running Higher Education institutions, is really at the far end of the spectrum of values from what makes good education, and while they claim to reward innovative companies, they like regimented Higher Education, and while they want Google to be more college-like, they want college to be more like a factory. Recently, Professor Malcolm Gillies, the recently retired Vice Chancellor of London Metropolitan University, argued that...