To: Dean Ted Snyder
From: Chen Xie; Ernesto Cuestas; Paola Vega; Qinyuan Zhou; Rodrigo Perez
Subject: Disruptive Changes in Business Education
Date: October 10, 2014
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Disruptive Changes in Business Education
Dear Mr. Snyder,
As Dean of Yale SOM we feel that major changes and disruptive forces are raising in Business Education, the intention of this memo is to bring them to your attention and protect our school best interests.
The report focuses on Yale SOM current situation regarding online education and technology, explaining some complications with their issues, and new trends in the industry. Our core idea is to illustrate a virtuous circle between online and offline education,
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There’s a demand for online education, and Yale’s brand is a great asset for customer acquisition, not only that, the Global Network seems like the perfect platform to conduct this experiments and generate more revenues with less operating expenses.
What Yale SOM should do?
1. Create an online program in combination with the Global Network. This program can serve more students in the network that cannot come to US due time, money or family constraints. In this online program, Yale SOM can provide standard courses menu for both in-class students and online students, even live web courses for those that require more interaction.
2. In order to avoid damaging Yale’s brand and cannibalize full-time programs, our recommendation is to build a very robust online program under the same brand, but use the Global Network for beta testing to minimize the risk.
Technology’s fast evolution
IT technologies are evolving at a very high rate, driving changes and shaking other industries at every turn; what we know as IT today, in 5 years will look very different. Let’s take a look at the biggest challenges for the upcoming years:
Integrated
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Such is the change that is difficult for all entities to keep up with it - even for Tech companies is a heavy burden that limits and endanger their growth. This raises the question, “does our business needs to have in-house IT infrastructure or can be outsourced?”
Outsourcing vs. In-House Solutions
The big tech companies already invested billions of dollars in IT infrastructure, for example Amazon has invested more than $5 billion with their Amazon Web Services division, and estimates revenues of $20 billion by 2020 . Outsourcing provides the capability to shift from a fixed to variable cost IT infrastructure, and only pay for the usage without making big hardware and software investments. Ultimately, the company must decide what should be in-house and what can be outsourced.
Operating Cost
Security is a main concern for all entities, even though there are currently fewer cyber attacks; their damaging level has increased. In 2013 Target system was breached, resulting in 40 million credit cards stolen - the company had spent around $60 million in cyber security since then. And this is just one example ; cybercrime and espionage have an estimated annual cost of $445 billion as of today
Writer Bill Maxwell, in his essay “No Short Cuts in Long-distance Learning,” explains the pros and cons of online learning. Maxwell stands heavily on traditional classroom settings rather than the new technological way of earning a degree. As the demand for education in the work field, America has been pushing online classes, even though the dropout rate is extremely higher. In this article, Maxwell uses quite a few statistics in order to inform the reader why he is not a big fan of online classes. One of his argumentative statements was that research shows that many students taking online classes do not graduate, or further their education to a university as often as community college students. This essay was an easy read, but if he had used
The business case for outsourcing IT infrastructure most often is anchored in the benefits of gaining expertise external to the enterprise first, despite the commonly-held belief that this strategy is purely for cost reduction. The value of gaining external expertise in critical IT infrastructure processes and
Online education programs have grown tremendously in the past 10 years. From 1991 to 2004, online enrollments have grown from virtually zero to over 2.35 million students (Allen & Seaman, 2006). Based on reports by over 2,200 colleges and universities, Allen and Seaman estimate growth in post-secondary online education to be more than 10 times that of other post-secondary markets. Over 4.6 million students were taking at least one online course during the fall 2008 term; a 17 percent increase
As modern as online education is, does it offer any benefits, academically or otherwise, to participating students? Many institutions have conducted studies to answer this very question. The results appear to suggest that in
Outsourcing can provide businesses with flexible, low cost solutions to staffing problems. However, it can also present challenges and complexities, which is why our expert practitioners advise clients seeking to pursue outsourcing arrangements. We have advised a number of companies on the outsourcing of key parts of their businesses, including the outsourcing of IT and other business functions.
Silvius (2013) has stated that the most significant effect of IT outsourcing is that it has reduced the cost of manufacturing. Moreover it has been declared that IT outsourcing can reduce the manufacturing cost and time from 60% to 90%. Information systems are also polished by the IT outsourcing. It also helps to promote the business processes and financial exchanges among different companies. To draw best out of the IT outsourcing, it is mandate that the IT must be well aligned with the business plans and strategies of the companies.
Throughout the past decade, technology has advanced swiftly and significantly. The effects of such advancements can be seen from the way that people keep in touch through social media, to the way that people check out their groceries through self-checkout lanes. It is only natural that the spread of technology would eventually reach the educational level. To keep up with the changing times, online schooling institutions have entered the educational arena. These institutions have produced many bright students and college graduates; however, there is an abundance of critics who do not see the validity of such schools. Contrary to the critics’ thoughts, online school is a valuable, legitimate option that prepares students for success while remaining flexible. As online education rises in popularity, the amount of educated individuals will also grow.
The Internet has revolutionized the way people are educated and impacts every aspect of society. According to the New York Times, “Bill Gates, whose foundation funds a lot of education programs, predicted last month that in five years much of college education will have gone online. The self-motivated learner will be on the Web, Mr. Gates said, speaking at the Techonomy conference in Lake Tahoe. College needs to be less place-based.” Both, traditional and online courses are held in different environments, there are many difficulties that become apparent in holding each to the same standard. Just like traditional classes, students receive the same knowledge as a classroom-based course. The standards implemented in
Over the last few decades online education has vastly grown especially in the USA. Online education has became popular among students of all ages. Universities have increased their enrollment numbers by creating distance learning programs. Online University programs are a convenient way for students to further their education and has the benefit of not having to go to a geographical location. Students can access the courses without losing any quality of education that is being taught in on site degree programs. Many Univiersities now offer online degree programs as gives the opportunity to students who cannot for some reason attend regular hours further their education.
As an employer considering a new IT system, you most likely have a few things on your mind. You know that to stay ahead of the competition you need to leverage today’s innovative technologies. And ultimately the advantages of a new system will benefit your business, your employees and your clients. But before you can realize those benefits, there are some challenges standing in your way.
India is facing competition from other countries around the world in IT outsourcing. China, Ireland, The Philippines, Malaysia, Vietnam, Poland, and Egypt are just some of the countries that are aggressively looking at IT outsourcing for growth. Over the years, these countries have been developing their country to be able to provide IT outsourcing and lay a strong foundation to sustain this new idea. According to KPMG (2016), some of the investments these countries have done are build a huge market share by delivering a wide-range of services across their products line, insights across industries, investments in industry specific offerings and intellectual property tools/templates and accelerators. KPMG (2016) states that the main reasons
Outsourcing has become so prevalent in recent years that one can say that we are living in an age of outsourcing. Outsourcing have grown globally on such a scale that many companies and organizations have uprooted their entire workforce and moved them to across nations for various reasons. The global outsourcing market has continued to grow exponentially within in the past decades which would explain why many companies flock to it. According to Chamberland (2003), the global outsourcing market was estimated at 72 billion dollars in 2002, estimated to rise to 100 billion dollars in 2005 and to increase exponentially in the coming years. With such enticing figures, many companies flock to reap from the
In today’s world, the most effective method of doing business is for a company to focus on their core competencies – what they do best. The role of outsourcing is critical to a project’s success. It can expand the customer base and allow organizations to focus more on relationships. As outsourcing grows, it becomes more and more important to balance advantages and disadvantages, understand the risks, and act to mitigate those risks.
Online education is a type of distance learning that involves taking college courses without attending the campus. Instead students and professors interact over the Internet. It utilizes the Internet or video conferencing to create learning communities. Course materials are provided on a Web site and are occasionally found on CD-ROM; email, bulletin boards, forums, and chat rooms are used to interact with other students and teachers. (“Online Learning?” 2015)
India is facing competition from other countries around the world in IT outsourcing. China, Ireland, The Philippines, Malaysia, Vietnam, Poland, and Egypt are just some of the countries that aggressively looking at IT outsourcing for growth. Over the years these countries have been developing their country to be able to provide IT outsourcing and lay a strong foundation to sustain this new idea. According to KPMG (2016), some of the investments these countries have done are built a huge market share by delivering a wide-range of services across the products line, insights across industries, investments in industry specific offerings and intellectual property tools/templates