Creating Institutional Space for Business Model Innovation

From college campuses to the halls of Congress, there is broad agreement that higher education is experiencing a major wave of innovation. This article holds that the changes are significant, but that the resulting threats to existing institutions are manageable if key leaders understand them and if...

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Bibliographic Details
Published inContinuing higher education review Vol. 77; pp. 9 - 27
Main Authors Sheets, Robert, Crawford, Stephen
Format Journal Article
LanguageEnglish
Published University Professional & Continuing Education Association 2013
Subjects
Business
Educational Innovation
Electronic Learning
Higher Education
Innovation
Online Courses
Partnerships in Education
Technological Advancement
Technology Uses in Education
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Summary:From college campuses to the halls of Congress, there is broad agreement that higher education is experiencing a major wave of innovation. This article holds that the changes are significant, but that the resulting threats to existing institutions are manageable if key leaders understand them and if institutions adapt to the new environment. The key to successful adaptation is business model innovation, and schools of continuing, professional, and online education are particularly well situated to provide the "innovation space" that business model innovation requires. What kind of business model innovation is needed to succeed in the face of rapid technological changes and a newly emerging competitive and regulatory environment? The article provides answers for consideration.
ISSN:0893-0384