MOOC Madness Strikes the Harvard Business Review
“I always pass on good advice. It is the only thing to do with it. It is never of any use to oneself.” — Oscar Wilde
I’ve been pretty busy with a cool project I’ll be announcing soon, and that means no time for blogging. But something I read really jostled me into taking a few minutes to respond. It’s no secret that while I like MOOCs, I think they’re way overblown. Now, a blogger for Harvard Business Review named Leonard Fuld has succumbed to the hype, and gotten a few other things about higher education wrong as well.
The premise of the article is that one should Embrace the Business Model That Threatens You. Not bad advice on the face of it, although unfortunately it doesn’t appear to be working very well for Barnes & Noble. Is such an approach necessary for traditional providers of higher education? Let’s see a few selections from the article.
It soon became clear to the teams and to the observers in the room that neither the online nor the traditional college “education delivery” model alone could prevail.
False. There are plenty of successful schools that only offer one mode of instruction, both liberal arts schools that don’t do online, and distance learning schools that don’t have a campus at all, but just an office.
Traditional brick-and-mortar schools suffer from a high cost base that has resulted in tuitions reaching stratospheric heights.
False. Tuition is where it is because federal financial aid programs have made tens of thousands of dollars available to the least sophisticated and creditworthy students. Rates have outpaced inflation because there’s an artificial ocean of money to soak up.
Meanwhile, the alluring proposition of the online offerings — courses you can take anywhere, anytime, at a lower price point — is tainted by high drop-out rates and the somewhat lower credibility of their certificates and degrees.
False. The credibility gap isn’t with online study, it’s with for profit schools, two categories that drive-by commentators often confuse since in the early days of online higher education for-profit providers were the only ones nimble enough to give working adults the convenience they demanded.
At the same time, this solution called for the MOOC to serve as a student lead generator and revenue producer for brick-and-mortar university partners.
I don’t have data &emdash; no one does, MOOCs are too new &emdash; but I expect they’d be a terrible lead generator for brick and mortar schools. Maybe that’s okay, if they’re inexpensive enough and your tuition is high enough then even an extremely low conversion rate would be considered success. But I can’t imagine it’s the best possible investment.
So, anyway, just another reminder that just because advice is offered earnestly doesn’t mean it’s actually any good. Caveat lector!