Consider the following:
- Student debt is at an all time high in the U.S. and that ⅔ of students leave with debt.
- Massive Open Online Courses (Moocs) are changing the face of higher education
- Moocs are more cost-effective than the traditional college model
- Moocs will likely become increasingly accepted as legitimate course credit in the coming years
If universities’ value isn’t in delivering content, what is the advantage of the traditional classroom model?
There’s something unique that happens in your campus: university culture cannot be replicated online. Universities that prepare students for a creative economy prioritize the same three things that drive successful startup cultures:
- Physical proximity is important: Silicon Valley wouldn’t have risen to preeminence without Stanford and Berkeley.
- Cultural connection that universities allow bring entrepreneurial processes.
- Education and innovation initiatives minimize expenses by pooling resources: Co-working spaces, Labs, Prototyping facilities.
- Don’t tie use of facilities to intellectual property policies.
- Websites vs campus communities: It is difficult to build relationships online.
- 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 in. They just have to embrace them and act or risk becoming obsolete!