According to a recent article in the Financial Times, some universities are poised to reinvent themselves through the way they distribute their learning.
In the article, we are given examples of several universities that are considering moving away from their previous use of MOOCs (massive open online courses) as they don't deliver the financial returns for the universities since much of the content is given away as free material to students. So new business models are being considered.
Unfortunately, very little is provided free for the fashion sector.
Scott DeRue, dean of the Ross School of Business at the University of Michigan, thinks his employer needs a new business model. He's suggesting something akin to Spotify where shorter courses are offered for a small fee.
And Mark Lester, director of partnership developments at FutureLearn, a funded learning platform supported by the Open University in the UK, says that
One of the biggest opportunities is short...