Once again this past week we’ve been busy scanning across the internet to find the latest information and Open University courses. This week: new OU courses, changing education and university monetary losses. Remember, if there’s a free course or bit of news on the agenda then hopefully we will pick it up and stick it on the next Open University news.
The Open University has produced a new free online course called Introducing the Voluntary Sector, aimed at learners working, or aspiring to work, as paid members of staff or as volunteers in voluntary or community organisations.
Business schools were braced for disaster less than five years ago, with the arrival of massive open online courses, or Moocs, and the platforms that hosted them. They had watched as the digital revolution upended the music industry’s business model. Previously lucrative compact disc sales plummeted as consumers switched to cheaper, faster digital music downloads and then to third-party streaming services. Could a similar revenue disaster befall the moneyspinning business education sector?
Not quite. Early indications suggest that, far from cannibalising existing revenue streams such as income from executive education courses, the availability of online content is broadening the reach of institutions.
The Open University has posted another multimillion-pound loss, as the collapse in part-time study continues apace. The institution’s latest accounts, which were published recently, show that it ran up a £7.2 million deficit in 2014-15, on the back of a £16.9 million shortfall the year before.
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