a global education in a digital world joe patterson managing director of thunderbird online...
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A Global Education in a Digital World
Joe PattersonManaging Director of Thunderbird Online
[email protected]+1 (602) 978 - 7437
Demystifying Online Learning for Today’s Global Workforce
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Online Learning Today
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What is Online Learning?
Source: Babson Online Learning Survey 2012: Changing Course
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Components of an Online Course
Coursework and Learning Objectives
Lecture Capture Software
Interactive Multimedia Activities
Case Studies
Facilitated Discussion Boards
Quizzes and Assessments
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State of the Workforce Today
The U.S. Department of Labor estimates that today’s learner will have 10-14 jobs…
by the age of
38
1 in 4 workers has been with theircurrent employer
for less than a year
1 in 2 has been therefor less than 5 years
For students starting a 4 year technical degree
half of what they learn in their 1st year of studywill be outdated by their 3rd year of study
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The Rise of Online Learning…Online Education in the United States
Online enrollments continue to grow substantially faster than overall higher education enrollments…
9.3% growth rate vs. less than 2%
Online learning accounts for 20% of all continuing education enrollments
85% of working professionals are willing to enroll in a completely online course or program
The number of students taking at least one online course increased by over 570,000 to a new total of 6.7 million
32% of all higher education students now take at least one course online (11.7% in 2003)
By 2014, it’s estimated that 81% of post-secondary students will be taking some or all of their courses online
In the first report of this series in 2003, 57.2% of academic leaders rated the learning outcomes in online education as the same or superior to those in face-to-face. That number is now 77%.
By 2018, the U.S. economy will require 4.7 million postsecondary certificates to meet employers’ demand for continuing education
Sources: Eduventures, The Sloan Consortium, and Georgetown University’s Center on Education & the Workforce & Babson’s Online Learning Survey 2012
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Global Trends in Online Education
Demand expected to grow at 5 year CAGR of 12.8% with global revenues reaching $49.6 billion by 2014
With CAGR of 33.5%, Asia expected to become 2nd largest market after North America
India’s e-learning market expected to grow from 2008 level of $27 million to $280 million by end of 2012
Eastern Europe is 2nd fastest growing market, with growth rate of 23%
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Acceptance & Effectiveness of Online Learning
9Source: Knewton – The State of Digital Education Infographic
10Source: Knewton – The State of Digital Education Infographic
11Source: .Babson Survey Research Group – “Going the Distance: Online Education in the United States, 2011”
12Source: .Babson Survey Research Group – “Going the Distance: Online Education in the United States, 2011”
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77% of CAOs believe Online is the same or superior to F2F…up 10% from 2011 report.
Source: .Babson Survey Research Group – “Going the Distance: Online Education in the United States, 2011”
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FlexibilitySelf-paced learning
Peer-to-peer interactions
Presentation of course material
Adaptability to different learning styles
Source: .Babson Survey Research Group – “Going the Distance: Online Education in the United States, 2011”
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What’s Driving Enrollment?
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Think of the challenges working professionals face today…
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…and the increasing demands placed on talent management and L&D professionals
Talent
GAP
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Benefits of Online Learning for the Workforce
•Differentiate your workforce by enabling them to quickly gain new skills and credentials Differentiate
•Offer “Low-risk, high-gain” exposure to new technologies built into online learning programs Low Risk, High Gain
•Offer employees avenues to immediately apply new concepts and learning methods to day-to-day projects, increasing visibility & confidence Application
•Give employees the ability to gain ideas and foster communication with working professionals in different industries and countries Ideas and Communication
•Leverage flexible scheduling to balance the work+family+education equationBalance
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Benefits of Online Learning – L&D Perspective
Cost Control•Online modules can be integrated with F2F Exec Ed programs to provide continuity while reducing costs
•Online education minimizes travel expenses and time out of office
Reporting•Customized learner reporting can measure engagement, employee participation, and learning outcomes
Global Delivery & Standardization•Collaboration tools and asynchronous delivery allows for cross-border, cross-time zone participation
•Standard online programs provide common-ground for later educational initiatives & serve as part of orientation
Project-Practice•Integrating the online learning environment with a real-world work project will add value to company while further engaging learners and creating new communities of practice
Benefits of Online Learning
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Scenario #1: Experienced, 56 year old senior manager
Facing intense internal competition from younger, more tech-savvy workforce.
Job security fears, sees the “writing on the wall”. Needs to retool and diversify skillset.
Needs to network to break into different functions or industries.
Concerned about lack of retirement savings & college funds for 3 children.
Can’t stop career and/or relocate.
Is uncomfortable with “new” technologies and has been “out of it” for too long.
Financial: Savings nearly wiped out from economic downturn. Limited funds for professional development.
Drivers Constraints
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Scenario #1: How can online learning help?
Differentiate by quickly gaining new skills and credentials
“Low-risk, high-gain” exposure to new technologies built into online programs
Immediately apply new concepts and learning methods to day-to-day projects, increasing visibility & confidence
Network with working professionals in different industries and countries
Flexible scheduling to balance work+family+education equation
Obtain new certification for as little as $2,000, usually reimbursable by company
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Scenario #2: 32 year old L&D professional in oil and gas industry
Wants to make a name by quickly adding valueGlobally dispersed, over-extended workforce with no common educational background Tasked with design of a complete on-boarding program for new associatesTasked with reducing costs of existing custom executive education programWants to be able to measure engagement and learning outcomes to justify L&D investments
High employee turnover
Reduced training & development budgets
Drastically reduced travel budgets
Executive level is skeptical about effectiveness of online learning
Pressure from executive level based on existing B-school affiliations
Drivers Constraints
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Scenario #2: How can online learning help?
To keep costs down…– Off-the-shelf online programs provide common-ground for later
educational initiatives & serves as part of orientation– No travel expenses or time out of office – Online modules can be integrated into F2F executive education
programs to provide continuity while reducing costs
Customized learner reporting can measure engagement, employee participation, and learning outcomes
Collaboration tools and asynchronous delivery allows for cross-border, cross-timezone participation
Incorporating a real-world work project will add value to company while further engaging learners and creating new communities of practice
Online programs can be easily integrated as part of a multi-provider executive education solution
About Thunderbird
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About Thunderbird & History
Thunderbird School of Global Management is the oldest and largest graduate management school in the United States focused solely on preparing international business leaders. It was founded in 1946 following World War II by Lieutenant General Barton Kyle Yount, the Commanding General of the U.S. Army Air Training Command.
Thunderbird is the world’s #1 ranked school of international business with more than 65 years of experience in developing leaders with the global mindset, business skills, and social responsibility necessary to create real, sustainable value for their organizations, communities and the world.
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Mission and Vision
Dedicated to preparing students to be global leaders and committed global citizens, Thunderbird was the first graduate business school to adopt an official Professional Oath of Honor. Thunderbird is sought out by graduate students, working professionals and companies worldwide seeking to gain the leadership skills they need to succeed in today’s global economy.
MISSION: We educate global leaders who create sustainable prosperity worldwide.
VISION: We will dramatically grow our positive impact in a world economy in dire need of the global leadership talent we were founded to provide.
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Thunderbird Online Certificates & Courses
Global Rankings
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OPEN ENROLLMENT PROGRAMS
#1 “Faculty “ Financial Times 2012
#1 “Course Design“ Financial Times 2012
#3 Top Open Enrollment Programs in the WorldFinancial Times 2012
CUSTOM PROGRAMS
#3 "International Clients" Financial Times 2012
#9 Overall Executive EducationFinancial Times 2012
Executive Education Rankings:
MBA Rankings:
#1 "International" Full-time MBAU.S. News & World Report 2013 (17th consecutive #1 ranking)
#1 "Best in International Business” Full-time MBAFinancial Times 2012 (6th consecutive #1 ranking)
#2 "Potential to Network"The Economist 2011
#3 "Best Executive MBA Programs"The Wall Street Journal 2010
Among the top 5 distance learning MBA programs in the
World- The Economist 2010
Visit: online.thunderbird.edu
Follow Us Online: Facebook | LinkedIn | Twitter | Blog
Contact: Joe [email protected]+1 602 978 7437 / 800 457 6959Twitter: @TBirdOnlin
e| @joepatterson
Thank You
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For more information…