Ernst & Young Predict Australian MOOCopalypse
Well, this is depressing. The report describes three models of universities that Ernst & Young predicts will survive the MOOCopalypse. They believe that traditional “status quo” universities can make it, if they streamline. The other two models that they predict will succeed are “niche dominators” and “transformers.” Arnold Pears argues that an important key to success is to build on the advantages of having a physical campus.
Universities will not survive the next 10 to 15 years unless they radically overhaul their current business models, according to a challenging report released this week. The report claims that the current university model – a broad-based teaching and research institution with a large base of assets and back office – will prove unviable in all but a few cases.
Although the 30-page report by the international professional services company Ernst & Young refers specifically to Australia’s higher education institutions, its conclusions would apply to those in many other Western countries.