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from the will-Harvard-be-one-of-them? dept.
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?
(Score: 5, Insightful) by Thexalon on Wednesday September 05 2018, @02:43PM
What is definitely true is that the big explosion in spending by universities isn't on anything involving education, but on administration. Some of that is BS like creating pointless bureaucratic positions, like you mentioned, but a lot more of it is trying to build a detailed management infrastructure to really put the screws on all those friggin' professors who think they're so smart they should be running the place.
One of the many pieces of putting the screws on the faculty is the decades-long process of replacing tenured and tenure-track professors with adjunct instructors who are paid peanuts and can be removed and replaced at any time for any reason. And that in turn requires making the jobs of tenured/tenure-track professors as unpleasant as possible, so that they'll retire or move to other institutions.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.