IACBE Annual Conference and Assembly Meeting April 10, 2014 Roundtable Discussion Facilitated by Dr. Ross Wirth & Professor Janet Staker Woerner 1 Provide a high-level overview of challenges before us in Business Education Introduce Trends and Challenges in Business Education (TCBE Project) Opportunity to discuss and add perspective to guide our next steps Draft an agenda for online & future face-to-face (F2F) meetings 2 “Fifteen years from now more than half of the universities will be in bankruptcy, including the state schools.” -Clayton Christensen Speaking Feb. 6, 2013 at the Startup Grind conference Author of Retrieved from http://www.bizjournals.com/sanjose/news/2013/02/07/ disruption-guru-christensen-why.html?page=all 3 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Diminishing ability to pay for college education Even more going down-market for lower tuition Value of a degree being publicly questioned Increased focus on “buying into a career path” Number of high school graduates is shrinking Non-traditional students still an opportunity Transient students increasingly common Message control moving online to social media Data analytics enabling personalized learning MOOCs starting to move toward transfer credit Lawlor Intelligent Marketing Solutions for Educators, 2013. Retrieved from http://www.sumsem.com/testing/2013_trends.pdf 4 How can we keep up with what is happening? Logos retrieved from Google Images 5 Johnson, L., Adams Becker, S., Estrada, V., Freeman, A. (2014). NMC Horizon Report: 2014 Higher Education Edition. Austin, Texas: The New Media Consortium. 6 Western Governors University ◦ Zero to 40,000+ students in 18 years Southern New Hampshire University ◦ Enrollment grew from 2000 to 34,000 in five years ◦ Targeting 350,000 College for America enrollment Saylor Foundation – NCCRS or CLEP credit MOOCs moving toward ACE credit (slowly) StraighterLine, University of the People, Peer-to-peer University Udemy, Skillshare, CreativeLIVE, Lynda SNHU information retrieved from http://www.slate.com/articles/life/education/2014/01/southern_new_hampshire_univer sity_how_paul_leblanc_s_tiny_school_has_become.html 7 Incremental Change (transactional) ◦ Any Centers of Excellence to leverage? ◦ Productivity & process improvement? Disruptive Change (transformative) ◦ New Business Models? Possible within current structure? 8 Retrieved from http://farm8.staticflickr.com/7255/7002938054_eaeb9dc998_o.jpg 9 ??? What scenarios are we considering? 10 As a school of business – What is our role in leading change on campus? As an assembly of schools of business – What role might IACBE play in collaboration? 11 Recent articles in BizEd magazine ◦ “Rethinking the Business Model for Business Schools” ◦ “How business schools must change to survive” ◦ “The 21st Century Business School Dean” ◦ “Online delivery systems will revolutionize education” ◦ “Next steps for online education” ◦ “What MOOCs could mean for higher education” ◦ “Competing for faculty in a changing environment” plus newsletters, webinars, workshops, & discussion boards 12 Meetings underway to discuss ◦ Collaboration among Division Heads ◦ Sharing Faculty Development opportunities ◦ ◦ ◦ ◦ Networking faculty within a discipline Cross-listing low-enrollment courses Sharing learning resources Sharing curriculum (Center of Excellence) The Power to Convene 13 The IACBE will serve as a: ◦ Communications Hub for connecting members ◦ Distribution of Information ◦ Professional Development & Thought Leadership Focus will be on: ◦ ◦ ◦ ◦ Discussing Trends in Business Education Participatory conversations Addressing challenges facing member institutions Developing solutions to these challenges 14 Convene IACBE member schools to ◦ Collaborate to develop ways to address the challenging issues facing our institutions ◦ Contribute to our common goal of excellence in business education 15 Serve as a platform for researching technology ◦ Facebook, Twitter, YouTube, Pinterest, LinkedIn . . . . Blog – issue clarification & discussion F2F sessions - National & Regional Assemblies, IACBE Summer Institute Special Interest Working Groups ◦ In-depth investigation of a problem or opportunity Knowledge repository for sharing ◦ Learning Resources ◦ Best Practices Webinars – Continuing Education and/or live discussion 16 How can you play a role? ◦ Blogging & discussion ◦ Testing technology ◦ Other? How can other IACBE members be invited in? ◦ Looking for ideas for next steps Summer Institute & Regional Assemblies 17 Opportunity to Check-in ◦ Virtual Conference connected to F2F session What topics should be on the agenda? Who would like to participate in the planning? What needs to be done between now & then? 18 We need your ideas & help Please provide your contact information 19 Dr. Ross Wirth, Franklin University ross.wirth@franklin.edu Prof. Janet Staker Woerner, Herzing University jstakerwoerner@herzing.edu http://www.iacbe.org/si-tcbe-project.asp 20 21 Stages of Collaboration ◦ ◦ ◦ ◦ Raising awareness of issues Clarification of issues Sharing and identification of expertise & capabilities Transition to an “asking” culture Challenges ◦ Moving first to “sharing” – then to “asking” ◦ Balancing benefits across institutions ◦ Clarifying policies & procedures 22 High Impact Scenario Planning Low Impact Low Probability High Probability 23