Why will the next few years be tumultuous for universities?

Summary

Numerous predictions have been made about the aftermath of the global pandemic, and one of them is that, whether the pandemic goes away or not, the flow of online education, especially at the undergraduate level, after the pandemic. It will […]

Why will the next few years be tumultuous for universities
Why will the next few years be tumultuous for universities


Numerous predictions have been made about the aftermath of the global pandemic, and one of them is that, whether the pandemic goes away or not, the flow of online education, especially at the undergraduate level, after the pandemic. It will continue in the same way.

Many people think that the trend of online education already existed but due to Corona virus the pressure to test the capabilities of this style of education has increased very fast.

What are the implications for the system under which universities and the higher education sector operate? Is there room for globalization to work here?

Can a top university like Harvard, MIT or Oxford agree to award their degrees to a large number of students in other parts of the world?

How will lower ranked universities and / or universities in developing countries be affected?

Some believe that the potential for online education is being exaggerated. Online education has been around for a decade and a half since the advent of the corona virus. And it did not succeed in gaining much traction in the higher education market.

At present, due to the global corona virus epidemic, universities have no choice but to adopt online teaching methods. But it is clear that as universities begin to open, people will once again prefer the traditional way of studying in the classroom.

Communication technology is advancing very fast. If only 4 months ago, there were very few people who were familiar with online sources like Zoom or Microsoft Teams.

Whenever people wanted to meet online, they used Skype. The global epidemic has reversed this trend in a very short period of time. Technology companies are now in the race to innovate in existing online platforms or to introduce better online means of communication than ever before.

Zoom has introduced a number of new features in a very short time to improve security and make communication easier. Comparing current online teaching skills with those of a few years ago can make a big difference.

Perhaps another important reason is the experience of the last few months that has pushed people out of their comfort zone and specific ways of working. It has weakened the shackles of some of our habits and removed the veil from our eyes and imagination

. Many people are realizing that the connection for which a person’s physical presence is considered essential can now be made largely possible through virtual communication.

For example, many professional conferences are now being held in virtual venues, thanks to which the time and money savings have made these virtual conferences the focus and strong alternative.

Similarly, many people believe that it is possible to work away from the office and face-to-face meetings can be effective even if there are no problems, working away from the office or sitting at home.

Working from home saves a lot of money and time in commuting to and from the office.

What are the benefits and opportunities in online teaching? At the moment, nothing can be said about the fact that we are still in the early stages of the innovation process in this field, but given the current situation, it can be said that the method of online teaching is a strong and already. Is becoming a more competitive alternative.

Ronald Koz, one of the founders of law and economics, questioned the nature and limits of a firm many years ago. With large-scale economies in mind, he raised the question of why we do not have a few or one large firm instead of many.

Researchers took a long time to find the answer to this question about factors such as a firm’s boundaries and technology, transaction costs, economies, and the answers that were found included ‘diseconomies’. Are visible.

This is probably the right time to ask this question regarding universities. If technology can provide an opportunity to provide quality education, then what is the need for 200 universities in Pakistan?

Or should we just set up a few big universities?

Will high quality universities be able to expand their reach to small towns and rural areas?

What pricing models will be followed to make this kind of expansion possible?

If a student is given these 2 options, whether he wants to study online from a top university or a traditional classroom from a local university, Which of the two will he choose?

How much will the fee difference affect this selection? Suppose the best engineering institution in Pakistan is currently receiving Rs. 1 million in tuition fees and a local university is receiving Rs. 3 million.

In that case, if an excellent educational institution starts an online degree series, how much will it reduce the fees to attract students who choose a local university? If the best educational institution decides to charge as much as the local university, then can the local university survive by cutting fees and improving the quality, or will it have to lock its doors? Over the next few years, many such issues will arise at the local and international levels in the field of higher education.

If undergraduate economics education is based on theory and its experimental techniques are applied all over the world, then why would you choose a Pakistani university instead of taking a degree from MIT? Can MIT develop a competitive pricing model? Can a Pakistani educational institution increase its value through local content and teaching factors beyond the reach of a global player? The answers to these questions will shape the educational landscape over the next few years.

Multinational companies have led to the extinction of local businesses in many places, but there are also many goods and services, especially the provision of services in which it is important to look at customization, locality and / or context in context. Local businesses have been able to effectively create a competitive environment.

Is undergraduate education a special quality product or service? If the answer is yes, then the big players will provide this product to everyone with the help of new technologies and innovations and will stick the small players against the wall.

But if that is not the case, then the effects of online teaching on how to change the landscape of higher education may not be as strong. On the other hand, younger players will be able to compete effectively by making changes in their services according to the changing situation.

Many universities are already talking about how in the near future their traditional or online teaching process may tend to teach different materials instead of teaching a specific standard.

In addition, many articles and sub-articles already discuss local content. Whatever the new balance, it is certain that the next few years will be tumultuous for universities around the world

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