I realize that this has nothing to do with the Emerging Markets Analysis conversations going on right now (or maybe it really does) but I do know that we are all digging into our Assignment # 1. I ran into this blog post through Twitter, from a colleague that I highly respect, and it is […]
Continue reading Ventures in Education…why they fail? Posted in: Blog Café
I decided to critique the Ambient Insight Comprehensive Report, as I like seeing data which helps me understand the environment that I am looking at. Thankfully for the purposes of this critique, the Ambient Insight document was just the introduction to the full report, which is over 80 pages in its entirety. The report breaks […]
Continue reading Ambient Insight Comprehensive Report Posted in: Week 02: The Edtech Marketplace
Perhaps this is an article we need to take a close look at when we are preparing for our assignments. You mention that the report woudl be useful for venture capitalists…an audience we need to tap into for this course!
After mulling over Assignment #1 and thinking of ways to approach this task, I had the exact same thought as you, Brenda. This report might be a good first look at the quantitative analysis of markets. I have to admit at this point am not really sure how to search for resources similar to this one that covers the venture I have in mind. Hopefully a closer analysis of this resource might lead to a clearer direction.
KJ
Doug,
Great analysis of this article. You clearly demonstrate the pros and cons of this article. I also feel that it might be a good one to read to help us with our assignments. From what you write it seems it might give us more insight to what we have been reading on the blog this week. What do you think?
Before you publish your posting, please make sure that you select a category (eg. Introductions) as well as assign some meaningful tags (keywords).
Karen Jones 12:33 pm on October 9, 2011 Permalink | Log in to Reply
Wow! Excellent article, Brenda.
I think it is an interesting jumping off point from which to consider Assignment 3, and one that makes you question your own assumptions and motivations regarding educational ventures. It also strikes at the heart of why it is taking so long to change the traditional industrial approach to education, even in the face of a multitude of technological opportunities.
Like it! Thanks so much for sharing.
KJ
jarvise 2:59 pm on October 9, 2011 Permalink | Log in to Reply
Hi Brenda,
That was great! I started reading it and thought “oh no, this looks long” but soon enough, I moved from skimming to reading. He makes some good points I never considered.
I’ve been thinking about this topic a lot (and discussing it with all my educator friends, whether they like it or not). I have been reaching a few conclusions. One is the fact that a lot of people who are buying for education (district or board level) are doing so on someone’s advice. Education seems to be an area where a couple of good anecdotal reports, backed by a pretty good product and some cash means an investment. A lot of times, the people making the buying decisions aren’t business people. They are education people. How do you get your product positioned to get considered? How do you create good buzz among educators with purchasing power? Maybe this author is right, and this is a market to avoid.
I came away from this article with another piece of concluding evidence. Targeting to a market that has students who are generally “screwed” (in his words) is a way to go. Being in an Aboriginal education situation, I have seen large expenditures be made on new programs or ideas, many of which do not last more than a few years. The risk I see with focusing on populations that are seeking a big change (this author points out the poor; I’ll extend that here to Aboriginal ed) is that if a positive change does not become evident in 3-4 years, often times they will move on to the next target. I’m not sure how that plays out for the entrepreneur, but major educational gains in such a short period seems unlikely.
Assignment 3 considerations are starting to wake me up at night, and my poor husband gets the glazed-over look when I start trying to engage him in the discussion.
Thanks for providing another ear…
Emily
bcourey 4:59 am on October 10, 2011 Permalink | Log in to Reply
Happy to be an ear Emily! Working in our central office, and watching some of the decision making about technology is a real eye-opener. Our IT department is part of a department called Corporate Services – headed by the business Superintendent. Most times, the purchases of hardware and software is done without a single consultation of the curriculum departments…it is based on costs and sales pitches with the focus on value for the dollar, not value for the learning. It amazes me! Another example of screwing those that need the most help is the Bring Your Own Device model – one that we are about to step into…how do we ensure equity for those who don’t have devices? I am having trouble getting the conversation on the table.
David Vogt 7:55 pm on October 9, 2011 Permalink | Log in to Reply
I hadn’t seen this, Brenda – thanks!
I find most of what he says completely valid, but not necessarily relevant to all ventures. It’s worth reading this blog posting together with this weekend’s New York Times article on educational software that doesn’t deliver on its promises.
The point is, like almost every market, you can target people who are screwed and make money by screwing them even more (promise lots, but deliver little). The $100 laptop fad to poor countries was a great (incredibly expensive) example.
There are other ways of doing business, and our lamented friend Steve Jobs is one example there.
David
jarvise 7:16 am on October 10, 2011 Permalink | Log in to Reply
Hi David,
Great article as well. This supports my anecdotal evidence that educators buying learning technologies often do so based on anecdotal evidence. I wonder if this means that in order to effectively market to this, one should use word of mouth type of marketing. If people are not really evaluating something (scientifically speaking) before a purchase, then a key strategy might be to use social networking avenues for marketing. This feels like word of mouth. Alternately, positioning yourself and your product where there are lots of educators with buying power (conventions?).
Emily
bcourey 5:02 am on October 10, 2011 Permalink | Log in to Reply
Thanks for the article David! I will be showing that one at my office! Another example of how we can take pitches at face value, even though we all know that data can be skewed to say anything we need it to say – we often don’t take the time to investigate more thoroughly.