Business Schools adopting their Business Models

In today’s day and age many people go online for almost anything. Shopping, Movies, News, Communications, etc.. But one facet of life that has remain in person has been Psst Secondary education. But in this day and age that might be changing. Resources like Khan Academy, Coursea, and Itunes University are changing the way be learn by offering many courses, taught in prominent universities for free.This raises an interesting question; Now that majority of courses offered at universities like Sauder are offered online, why should students pay tens of thousands of dollars when they can get it for free or at a much lower cost and what should business schools around the country do to protect themselves?

For the first part I believe students will continue to take the traditional route over the short to medium term until online education gains more traction and universities start offering the same degrees to students who take classes online and in person. Secondly I believe Universities should emphasize their alumni base, their recruitment opportunities, and their low acceptance rate to protect their brand prestige.

 

http://business.financialpost.com/2013/10/19/16-free-online-business-classes-that-are-actually-worth-your-time/

Reinventing The Wheel

Boeing is set to start flying its newly announced Boeing 777X and this has some people uneasy as to how it will affect the company moving forward.

On one hand, its great new innovative product that reduces the single biggest cost for airliners; fuel, and help it compete with Airbus which is unveiling its own new aircraft in 2014. It will also allow customers to replace some of the aging 747’s they currently use and even help reduce CO2 and improve global warming.

On the other hand its creating a product thats is not only more expensive but also one that can potentially cannibalize its one 747 airplanes market. That could mean years and years of research and hundreds of millions of dollars down the drain. This is a decision Boeing must make after careful consideration.

IN the end I believe the company should continue on its quest to produce 777 even if it cannibalizes its current 747 market as its better for Boeing to make a product that cannibalizes its market share as opposed to a competitor making one.

http://www.businessweek.com/articles/2013-10-10/boeings-new-777x-could-make-the-largest-jumbo-jets-obsolete#p1