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Harvard Business School Professor: Half of American Colleges Will Be Bankrupt in 10 to 15 Years

posted by Fnord666 on Wednesday September 05 2018, @10:36AM   Printer-friendly
from the will-Harvard-be-one-of-them? dept.

Phoenix666 writes:

CNBC:

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.

What percentage of their graduates will be bankrupt?

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  • (Score: 2) by VLM on Wednesday September 05 2018, @01:00PM (3 children)

    by VLM (445) on Wednesday September 05 2018, @01:00PM (#730734)

    we've had the technology to offer courses online for at least five years

    I graduated like 15 years ago from a local private college almost entirely online. We had the tech since the late 90s, at worst. Earlier if you bend the definitions.

    Employers look at virtual schools

    The marketplace is already discriminating between profitable scam schools and real schools that happen to have online programs. The common language hasn't caught up yet calling both "online degrees" or "virtual schools".

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  • (Score: 0, Troll) by Anonymous Coward on Wednesday September 05 2018, @05:54PM

    by Anonymous Coward on Wednesday September 05 2018, @05:54PM (#730852)

    Well shit, it made me feel better thinking you are just an old dinosaur. Guess you really are the alt-right poster child around here. Boooo, get with the times. Modern times i mean, the 50s are over.

  • (Score: 2) by AthanasiusKircher on Thursday September 06 2018, @01:29AM (1 child)

    by AthanasiusKircher (5291) on Thursday September 06 2018, @01:29AM (#731075) Journal

    Have to agree with you there.

    I took a course entirely online in 1997. Well, there were physical lectures, but all the notes and assignments, etc. were available online and all assignments were intended to be turned in online. I never attended class, and the only time I showed up for anything physically was for the final exam.

    So yeah, the option of doing this has been around a long time -- people just didn't do it as often. And long, long before that, there were correspondence courses by mail etc., which basically did something similar in a different medium.

    • (Score: 2) by VLM on Thursday September 06 2018, @11:55AM

      by VLM (445) on Thursday September 06 2018, @11:55AM (#731255)

      the only time I showed up for anything physically was for the final exam.

      Heh, I just thought of something, taking CLEP tests for 100-level classes in 1993. Not all schools accept those for credits, but its nice when they do.