How COVID-19 Will Change Higher Education

00:03:21
https://www.youtube.com/watch?v=i4SZ8AezUgs

Resumen

TLDRThe video highlights a significant unprecedented disruption impacting sectors like healthcare and higher education. The speaker addresses how higher education, with its traditional models and high fixed costs, is vulnerable as they are unadaptable and not resilient. A major shift is anticipated with the rise of online education and changing demands for various disciplines. This requires universities to be more flexible in deploying resources, especially with a focus on leveraging faculty expertise which is seen as the most crucial asset. Despite the challenges, the speaker remains optimistic about adapting to these changes for a better student experience and believes in the potential for universities to thrive if they embrace resilience and adaptability.

Para llevar

  • 🌍 Unprecedented disruption is affecting healthcare and higher education.
  • 🏛️ Higher education models are vulnerable due to high fixed costs.
  • 💻 Online education is expected to rise significantly.
  • 🔄 Flexibility and adaptability are crucial for university success.
  • 👩‍🏫 Faculty expertise is the most valuable asset of universities.
  • 📉 Demand for certain disciplines will decline, while others increase.
  • 🏢 University infrastructure faces challenges with fewer on-campus students.
  • 🤝 Collaboration is needed to leverage faculty expertise effectively.
  • 💪 Optimism surrounds the potential for universities to adapt successfully.
  • 🚀 A focus on better student experience is essential in this transition.

Cronología

  • 00:00:00 - 00:03:21

    The speaker discusses an unprecedented event affecting highly stable sectors, notably healthcare and higher education, which are facing significant disruptions due to rigid systems. Educational institutions must adapt by embracing online education and adjusting curricula to meet evolving demands. High fixed costs and inflexible structures present challenges, especially if fewer students are on campus, affecting universities' scalability. However, the critical asset is the expertise of faculty, which needs to be leveraged for a superior student experience. The speaker remains optimistic about overcoming these challenges with available resources.

Mapa mental

Mind Map

Preguntas frecuentes

  • Which sectors are most vulnerable to disruption according to the video?

    Healthcare and higher education are the most vulnerable sectors.

  • What has caused the disruption in higher education?

    Systems that are not adaptable or resilient, and an infrastructure built on high operating leverage of fixed costs.

  • What changes are expected in higher education?

    The rise of online education and shifts in demand for certain disciplines.

  • Why are universities facing challenges with the current system?

    Because they have a high operating leverage with many fixed assets that are not scalable.

  • What is the biggest asset of a university according to the speaker?

    The expertise of the faculty, regarded as 'soft capital.'

  • Why is this event considered 'once in a lifetime'?

    Due to the unprecedented nature of the disruption that sectors like higher education are facing.

  • What is necessary for universities to thrive during this change?

    Being more flexible and adaptable in deploying resources.

  • How does the speaker feel about the potential changes in universities?

    The speaker is optimistic about the changes, confident in leveraging faculty expertise.

  • What might universities lose if they don't adapt?

    They may fail to provide a good student experience and manage resources effectively.

  • What kind of university infrastructure is at risk?

    Buildings, parking services, administrative support, and other facilities may become less relevant if universities move online.

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Subtítulos
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Desplazamiento automático:
  • 00:00:00
    so this is a once in a lifetime event
  • 00:00:03
    perhaps once in a century event uh
  • 00:00:05
    something we've never faced before
  • 00:00:08
    and the sectors of the economy that are
  • 00:00:10
    most vulnerable
  • 00:00:12
    and are going to be disrupted the most
  • 00:00:15
    are those that have
  • 00:00:16
    haven't had much disruption for the last
  • 00:00:18
    50 or 100 years
  • 00:00:20
    and that is healthcare and higher
  • 00:00:22
    education in the healthcare we're
  • 00:00:23
    already seeing it
  • 00:00:25
    but in higher education we are yet to
  • 00:00:26
    feel how this
  • 00:00:28
    is going to fundamentally alter the way
  • 00:00:30
    we do business
  • 00:00:31
    and part of the reason the disruption is
  • 00:00:33
    happening is because we have built
  • 00:00:35
    systems
  • 00:00:36
    which are not adaptable or resilient we
  • 00:00:40
    have
  • 00:00:42
    taught educated people the same way
  • 00:00:45
    for hundreds of years
  • 00:00:48
    and to do that we have built an
  • 00:00:50
    infrastructure and a business model
  • 00:00:52
    which has
  • 00:00:53
    very high operating leverage of fixed
  • 00:00:55
    costs
  • 00:00:56
    these facilities infrastructure
  • 00:01:00
    faculty are dedicated faculty along
  • 00:01:02
    functional lines
  • 00:01:03
    along disciplines and so they are not
  • 00:01:06
    very adaptable to changing circumstances
  • 00:01:08
    and so all of a sudden one big change is
  • 00:01:11
    going to be
  • 00:01:12
    the rise of online education many
  • 00:01:15
    faculty have never
  • 00:01:16
    dealt with that there's going to be also
  • 00:01:20
    changes
  • 00:01:21
    in what kind of education is offered
  • 00:01:24
    over the next
  • 00:01:24
    decade because the demand for certain
  • 00:01:27
    disciplines is going to decline for
  • 00:01:29
    other disciplines is going to increase
  • 00:01:31
    so it's going to be very important
  • 00:01:33
    for universities to be more flexible and
  • 00:01:35
    adaptable and the way they in the way
  • 00:01:37
    they
  • 00:01:37
    deploy resources and so this is
  • 00:01:40
    it's a sea change it's something we have
  • 00:01:42
    never experienced before
  • 00:01:44
    and hopefully we never experience again
  • 00:01:46
    but what has
  • 00:01:48
    it has done has exposed a big
  • 00:01:50
    vulnerability which is very very high
  • 00:01:52
    operating leverage
  • 00:01:53
    lots of fixed assets if you look at a
  • 00:01:55
    university we have lots of buildings we
  • 00:01:57
    have parking services we have
  • 00:01:58
    administrative support
  • 00:02:01
    we have residential dining halls and
  • 00:02:03
    dorms
  • 00:02:04
    we have student organizations all these
  • 00:02:07
    are
  • 00:02:08
    ancillary to the educational system
  • 00:02:11
    but consume a lot of resources and what
  • 00:02:14
    will happen
  • 00:02:15
    if we go online
  • 00:02:18
    where we don't have students on campus
  • 00:02:20
    or we have fewer students on campus
  • 00:02:23
    our facilities are not scalable and so
  • 00:02:26
    this is a challenge that every
  • 00:02:27
    university is going to face
  • 00:02:28
    and i think the ones that will do best
  • 00:02:31
    are the ones who are ahead
  • 00:02:32
    and developing systems that are more
  • 00:02:33
    resilient and adaptable i'm very
  • 00:02:35
    optimistic i'm very optimistic because
  • 00:02:37
    we have an amazing group of faculty
  • 00:02:40
    so though if you think about what is our
  • 00:02:42
    really most
  • 00:02:43
    important capital
  • 00:02:47
    in a university it is expertise that
  • 00:02:50
    faculty have
  • 00:02:50
    and it's the soft capital which doesn't
  • 00:02:53
    show up on your
  • 00:02:54
    accounting statements but that's the
  • 00:02:56
    most critical
  • 00:02:57
    capital and that we have and what we
  • 00:02:59
    have to do is how do we deploy it
  • 00:03:02
    how do we leverage it and how do we
  • 00:03:04
    deliver it
  • 00:03:05
    for a much better student experience and
  • 00:03:07
    that's what is going to be challenging
  • 00:03:09
    but i'm very optimistic that we have the
  • 00:03:12
    resources that we can
  • 00:03:16
    execute
  • 00:03:21
    you
Etiquetas
  • disruption
  • higher education
  • online education
  • healthcare
  • adaptability
  • resilience
  • university infrastructure
  • faculty expertise
  • operating leverage