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Posts Tagged ‘innovation’

Don’t Blame For Profit’s Innovation! Blame State School’s LACK OF

July 4, 2010 7 comments

Am I one of the only people who want to say “thank you” to the for profit schools? To the online higher education market? Thank you University of Phoenix and Kaplan University and all of the other universities who had the courage almost a decade ago to take a risk. A risk that has not only provided individuals the opportunity to get their degrees even while working and taking care of families, but also paved the way and built the models that now allows state universities to offer these degrees online as well.

As congressional talks surrounding the negative impact online education has had on graduation rates and specifically loan default rates; what we are not hearing are long term solutions. We are hearing suggestions of band aids. Do I like the idea of the gainful employment laws? Yes! That said, if we are going to implement them, it should be done across the board and it needs government support to get started. What these lawmakers are failing to recognize is that it took guts, innovation, large investments; and a lot of time NOT being profitable for these for profit online education companies to get where they are today…and the model is less than TEN YEARS OLD. How can the for profit schools be expected to figure out HOW to raise their graduation rates and how to lower their default rates when most of them just recently figured out how to get students to graduate?

The disservice that has been committed in the higher education industry is not from the for profits; but rather – I blame the state universities; specifically, the marketing departments at these state universities. There are hundreds of state universities offering online programs at low to medium prices. We have seen everything from $7,000 M.Ed Programs all the way through $13,000 nursing programs. Not only are these programs far less expensive, but their graduation rates are higher. Again, as these state universities online degrees have only been around for about five years; perhaps there is not enough statistically significant data here, but it does look promising.

So instead of attempting to shut down an industry that has opened the doors for people to better their lives; why not work with the state universities to offer more of these programs that have displayed high graduation rates, low cohort default rates, and other positive statistics. The marketing teams at these schools are to blame; they are the ones not fighting for the budget or not taking the risks. If all of the for profits can run television, why can’t the state schools? It’s relatively inexpensive to run remnant television and these days, television can be run on a cost per inquiry basis. If the state universities and enrollment management companies are too “fearful” to go into the red for a couple years – maybe the government should be forcing them to hand over a portion of their revenue and allow the marketing geniuses at the for profit schools take a stab at branding and developing them.

It’s not the for profit schools that are the problem; it’s the state schools lack of motivation and understanding of how online education will better the lives of millions. The disservice is that of our state schools poor marketing, slow admissions, and fear of investment. The online for profits gave you a model to follow and then MAKE BETTER. Do it already.

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Why Do Schools AND Corporations KILL Creativity?

April 9, 2010 10 comments

In every company I’ve worked for, innovation and creativity have been applauded…sort of.

Executives encourage innovation in business, but many times unless strategies comes across to the rest of the business as “their ideas”, the executives are not happy. I contend that this is one of the reasons start up businesses have become so popular amongst the younger generation. Gen Y does not hold back. They are ‘connected’, literally and figuratively, and have grown up accustomed to any information they want at their fingertips. In a corporation, if a Gen Y is sending his ego maniac boss an idea that may be big business, you can bet they have also IMed it to 10 other people too…just to ensure they get credit. I’m on the cusp of Gen Y / Gen X – but I say, “go for it Gen Y”. There is nothing that will slow down a company more than corralling innovation. Gen Y has been brought up in the world of “positive reinforcement” and whether this is monetary or a simple ‘nice work’ email, this is what we have been conditioned to recieve…and you can be sure that we will not sit back while someone else gets the “kudos”. I know I won’t.

Some companies truly do embrace their Gen Ys opinions and have taken the time to understand how to motivate and work with them. These companies currently have the largest profit margins. Apple is a great example of a company that serves the Gen Y population. While Mr. Jobs is running the company, he’s smart enough to know that the people that will “spend money on gadgets” – even if they have to steal it from their parents – should be a large part of all of his strategies.

If we look at how schools teach today; unless a student is part of a Montessori school or private school, they are following the same lesson plans everyone else is. The students in “gifted” classes may get a bit more leeway and have a bit more room to be creative, but not much. Conform, conform, conform is all students are taught. Read the information and regurgitate the information. Education, even higher education, has fallen into this trap as well.

Is it that our businesses have sprung into downplaying creativity because they are a product of our public school system?

Ken Robinson made a revolutionary speech regarding just that at TED 2006

My Favorite Business Quotes…Please add to the list

April 7, 2010 10 comments

I love quotes and therefore am looking for additions / comments, which I will compile and add to a new post of “business quotes redefined”…Please see a few of my favorites below.

“You seek escape from pain. We seek the achievement of happiness. You exist for the sake of avoiding punishment. We exist for the sake of earning rewards. Threats will not make us function; fear is not our incentive. It is not death that we wish to avoid, but life that we wish to live.”Ayn Rand

Desire is the ingredient that changes the hot water of mediocrity to the steam of outstanding success.
Zig Ziglar

You cannot stop innovationSun Tzu

Again, your challenge is not just to improve. It is to break the service paradigm in your industry or market so that customers aren’t just satisfied, they’re so shocked that they tell strangers on the street how good you are. – Jack Welch

If you’re comfortable, you’re dead.Richard Capezzali

We’re gambling on our vision, and we would rather do that than make “me too” products. Let some other companies do that. For us, it’s always the next dream.Steve Jobs

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