Facebook’s Carolyn Everson @CEverson Responds To Tough Questions At Feliciano Center Fireside Chat @BizFeliciano #NJTech #NJBiz #MBA #Facebook #ilmaBlog

On April 9, 2019, Carolyn Everson the VP, Global Marketing Solutions, at Facebook joined us at Montclair State University to discuss her role at Facebook, and her career path that includes stints at Microsoft, Viacom and other companies. The event took place at University Hall Conference Center, 7th Floor (Click here for event information).

The following is an article written by Esther Surden and Frank Cunha III for NJ Tech Weekly.

Click here to read the rest of the story.

We would love to hear from you about what you think about this post. We sincerely appreciate all your comments – and – if you like this post please share it with friends. And feel free to contact us if you would like to discuss ideas for your next project!

Sincerely,

FRANK CUNHA III
I Love My Architect – Facebook


What Will Higher Education Look Like 5, 10 or 20 Years From Now? Some Ways Colleges Can Reinvent Themselves #iLMA #eMBA #Innovation #Technology #Planning #Design #HigherEducation #HigherEd2030 #University #Architect

Introduction

Change is a natural and expected part of running a successful organization. Whether big or small, strategic pivots need to be carefully planned and well-timed. But, how do you know when your organization is ready to evolve to its next phase? Anyone that listens, watches, or reads the news knows about the rising cost of higher education and the increasing debt that education is putting on students and alumni and their families.

At a time when education is most important to keep up with increasing technological changes, institutions need to pivot or face imminent doom in an ever increasing competitive environment. Competition can come from startups or external factors in the higher education market therefore it is increasingly necessary for institutions of higher learning to take a different approach to their business operations.

This post will focus on:

  • Current Trends
  • Demographic Shifts
  • Future of Higher Education (and impacts on University Facilities & Management)
    • Changing Assumptions
    • Implications for the Physical Campus
    • Changing Trajectory
    • More Trends in Higher Education (Towards 2030)
  • Driving Technologies
  • External Forces

Current Trends

  • Online education[i] has become an increasingly accepted option, especially when “stackable” into degrees.
  • Competency-based education lowers costs and reduces completion time for students.
  • Income Share Agreements[ii] help students reduce the risk associated with student loans.
  • Online Program Manager organizations benefit both universities and nontraditional, working-adult students.
  • Enterprise training companies are filling the skills gap by working directly with employers.
  • Pathway programs facilitate increasing transnational education[iii], which serves as an additional revenue stream for universities.

Demographic Shifts

According to data from the National Clearinghouse and the Department of Education[iv]:

  • The Average Age of a College/University Student Hovers Around Twenty-Seven (Though That Is Decreasing as The Economy Heats Up)
  • 38% of Students Who Enrolled In 2011 Transferred Credits Between Different Institutions At Least Once Within Six Years.
  • 38% of Students Are Enrolled Part-Time.
  • 64% of Students Are Working Either Full-Time or Part-Time.
  • 28% of Students Have Children of Their Own or Care For Dependent Family Members.
  • 32% of Students Are from Low-Income Families.
  • The Secondary Education Experience Has an Increasingly High Variation, Resulting In Students Whose Preparation For College-Level Work Varies Greatly.

Future of Higher Education (and impacts on University Facilities & Management)

The future of higher education depends on innovation. 

University leaders who would risk dual transformation are required to exercise full commitment to multiple, potentially conflicting visions of the future. They undoubtedly confront skepticism, resistance, and inertia, which may sway them from pursuing overdue reforms.[v]

Change is upon us.

“All universities are very much struggling to answer the question of: What does [digitization[vi]] mean, and as technology rapidly changes, how can we leverage it?” . . . . Colleges afraid of asking that question do so at their own peril.”[vii]

James Soto Antony, the director of the higher-education program at Harvard’s graduate school of education.

Changing Assumptions

Until recently the need for a physical campus was based on several assumptions:

  • Physical Class Time Was Required
  • Meaningful Exchanges Occurred Face to Face
  • The Value of an Institution Was Tied to a Specific Geography
  • Books Were on Paper
  • An Undergraduate Degree Required Eight Semesters
  • Research Required Specialized Locations
  • Interactions Among Students and Faculty Were Synchronous

Implications for the Physical Campus

  • Learning – Course by course, pedagogy is being rethought to exploit the flexibility and placelessness of digital formats while maximizing the value of class time.
  • Libraries – Libraries are finding the need to provide more usable space for students and faculty.  Whether engaged in study, research or course projects, the campus community continues to migrate back to the library.
  • Offices – While the rest of North America has moved to mobile devices and shared workspaces, academic organizations tend to be locked into the private, fixed office arrangement of an earlier era – little changed from a time without web browsers and cell phones. 
  • Digital Visible – From an institutional perspective, many of the implications of digital transformation are difficult to see, lost in a thicket of business issues presenting themselves with increasing urgency. 

Changing Trajectory

University presidents and provosts are always faced with the choice of staying the course or modifying the trajectory of their institutions.  Due to failing business models, rapidly evolving digital competition and declining public support, the stakes are rising.  All should be asking how they should think about the campus built for the 21st century.[viii]  J. Michael Haggans[ix] makes the following recommendations:

  • Build no net additional square feet
  • Upgrade the best; get rid of the rest
  • Manage space and time; rethink capacity
  • Right-size the whole
  • Take sustainable action
  • Make campus matter

More Trends in Higher Education (Towards 2030)

  • The Rise of The Mega-University[x]
  • ; Public Private Partnerships (P3’s) Procurement Procedures Will Become More Prevalent
  • More Colleges Will Adopt Test-Optional Admissions
  • Social Mobility Will Matter More in College Rankings
  • Urban Colleges Will Expand[xi] — But Carefully
  • Financial Crunches Will Force More Colleges to Merge
  • The Traditional Textbook Will Be Hard to Find; Free and Open Textbooks
  • More Unbundling and Micro-Credentials
  • Continued Focus on Accelerating Mobile Apps
  • Re-Imagining Physical Campus Space in Response to New Teaching Delivery Methods
  • Transforming the Campus into A Strategic Asset with Technology
  • Education Facilities Become Environmental Innovators
  • Ethics and Inclusion: Designing for The AI Future We Want to Live In
  • Visibility (Transparency) And Connectedness
  • Sustainability from Multiple Perspectives
  • Better Customer Experiences with The Digital Supply Chain
  • Individualized Learning Design, Personalized Adaptive Learning
  • Stackable Learning Accreditation
  • Increased Personalization: More Competency-Based Education They’ll Allow Students to Master A Skill or Competency at Their Own Pace.
  • Adaptation to Workplace Needs They’ll Adapt Coursework to Meet Employer Needs for Workforce Expertise
  • Greater Affordability and Accessibility They’ll Position Educational Programs to Support Greater Availability.
  • More Hybrid Degrees[xii]
  • More Certificates and Badges, For Example: Micro-Certificates, Offer Shorter, More Compact Programs to Provide Needed Knowledge and Skills Fast[xiii]
  • Increased Sustainable Facilities – Environmental Issues Will Become Even More Important Due to Regulations and Social Awareness; Reduced Energy Costs, Water Conservation, Less Waste
  • Health & Wellness – Physical, Spiritual and Metal Wellbeing
  • Diversity and Inclusion Will Increase
  • Rise of The Micro-Campus[xiv] And Shared Campuses[xv]
  • E-Advising to Help Students Graduate
  • Evidence-Based Pedagogy
  • The Decline of The Lone-Eagle Teaching Approach (More Collaboration)
  • Optimized Class Time (70% Online, 30% Face to Face)
  • Easier Educational Transitions
  • Fewer Large Lecture Classes
  • Increased Competency-Based and Prior-Learning Credits (Credit for Moocs or From “Real World” Experience)[xvi]
  • Data-Driven Instruction
  • Aggressive Pursuit of New Revenue
  • Online and Low-Residency Degrees at Flagships
  • Deliberate Innovation, Lifetime Education[xvii]
  • The Architecture of The Residential Campus Will Evolve to Support the Future.
  • Spaces Will Be Upgraded to Try to Keep Up with Changes That Would Build In Heavy Online Usage.
  • Spaces Will Be Transformed and Likely Resemble Large Centralized, Integrated Laboratory Type Spaces. 
  • Living-Learning Spaces in Combination Will Grow, But On Some Campuses, Perhaps Not In The Traditional Way That We Have Thought About Living-Learning To Date.

Driving Technologies:

  • Emerging Technologies – Such as Augmented Reality, Virtual Reality, And Artificial Intelligence – Will Eventually Shape What the Physical Campus Of The Future Will Look Like, But Not Replace It.[xviii]
  • Mobile Digital Transformation[xix]
  • Smart Buildings and Smart Cities[xx]
  • Internet of Things
  • Artificial Intelligence (AI), Including Natural Language Processing
  • Automation (Maintenance and Transportation Vehicles, Instructors, What Else?)
  • Virtual Experience Labs, Including: Augmented Reality, Virtual Reality Learning, And Robotic Telepresence 
  • More Technology Instruction and Curricula Will Feature Digital Tools and Media Even More Prominently
  • New Frontiers For E-Learning, For Example, Blurred Modalities (Expect Online and Traditional Face-To-Face Learning to Merge)[xxi]
  • Blending the Traditional; The Internet Will Play Bigger Role in Learning
  • Big Data: Colleges Will Hone Data Use to Improve Outcomes

External Forces:

  • [xxii]: Corporate Learning Is A Freshly Lucrative Market
  • Students and Families Will Focus More on College Return On Investment, Affordability And Student Loan Debt
  • [xxiii]
  • Greater Accountability; Schools will be more accountable to students and graduates
  • Labor Market Shifts and the Rise of Automation
  • Economic Shifts and Moves Toward Emerging Markets
  • Growing Disconnect Between Employer Demands and College Experience 
  • The Growth in Urbanization and A Shift Toward Cities 
  • Restricted Immigration Policies and Student Mobility
  • Lack of Supply but Growth in Demand
  • The Rise in Non-Traditional Students 
  • Dwindling Budgets for Institutions[xxiv]
  • Complex Thinking Required Will Seek to Be Vehicles of Societal Transformation, Preparing Students to Solve Complex Global Issues

Sources & References:


[i] Online education is a flexible instructional delivery system that encompasses any kind of learning that takes place via the Internet. The quantity of distance learning and online degrees in most disciplines is large and increasing rapidly.

[ii] An Income Share Agreement (or ISA) is a financial structure in which an individual or organization provides something of value (often a fixed amount of money) to a recipient who, in exchange, agrees to pay back a percentage of their income for a fixed number of years.

[iii] Transnational education (TNE) is education delivered in a country other than the country in which the awarding institution is based, i.e., students based in country Y studying for a degree from a university in country Z.

[iv] Article accessed on April 16, 2019: https://er.educause.edu/articles/2019/3/changing-demographics-and-digital-transformation

[v]Article accessed on April 16, 2019: https://ssir.org/articles/entry/design_thinking_for_higher_education

[vi] Digitization is the process of changing from analog to digital form.

[vii] Article accessed on April 16, 2019:  https://qz.com/1070119/the-future-of-the-university-is-in-the-air-and-in-the-cloud

[viii] Article accessed on April 16, 2019: http://c21u.gatech.edu/blog/future-campus-digital-world

[ix] Michael Haggans is a Visiting Scholar in the College of Design at the University of Minnesota and Visiting Professor in the Center for 21st Century Universities at Georgia Institute of Technology.  He is a licensed architect with a Masters of Architecture from the State University of New York at Buffalo.  He has led architectural practices serving campuses in the US and Canada, and was University Architect for the University of Missouri System and University of Arizona.

[x] Article accessed on April 16, 2019:  https://www.chronicle.com/interactives/Trend19-MegaU-Main

[xi] Article accessed on April 16, 2019:  https://www.lincolninst.edu/sites/default/files/pubfiles/1285_wiewel_final.pdf

[xii] Article accessed on April 16, 2019: https://www.fastcompany.com/3046299/this-is-the-future-of-college

[xiii] Article accessed on April 16, 2019: https://www.govtech.com/education/higher-ed/Why-Micro-Credentials-Universities.html

[xiv] Article accessed on April 16, 2019: https://global.arizona.edu/micro-campus

[xv] Article accessed on April 16, 2019: https://evolllution.com/revenue-streams/global_learning/a-new-global-model-the-micro-campus

[xvi] Article accessed on April 16, 2019:  https://www.chronicle.com/article/The-Future-Is-Now-15/140479

[xvii] Article accessed on April 16, 2019:  https://evolllution.com/revenue-streams/market_opportunities/looking-to-2040-anticipating-the-future-of-higher-education

[xviii] Article accessed on April 16, 2019: https://www.eypae.com/publication/2017/future-college-campus

[xix] Article accessed on April 16, 2019: https://edtechmagazine.com/higher/article/2019/02/digital-transformation-quest-rethink-campus-operations

[xx] Article accessed on April 16, 2019: https://ilovemyarchitect.com/?s=smart+buildings

[xxi] Article accessed on April 16, 2019: https://www.theatlantic.com/education/archive/2018/04/college-online-degree-blended-learning/557642

[xxii] Article accessed on April 16, 2019: https://qz.com/1191619/amazon-is-becoming-its-own-university

[xxiii] Article accessed on April 16, 2019: https://www.fastcompany.com/3029109/5-bold-predictions-for-the-future-of-higher-education

[xxiv] Article accessed on April 16, 2019: https://www.acenet.edu/the-presidency/columns-and-features/Pages/state-funding-a-race-to-the-bottom.aspx

We would love to hear from you about what you think about this post. We sincerely appreciate all your comments – and – if you like this post please share it with friends. And feel free to contact us if you would like to discuss ideas for your next project!

Sincerely,

FRANK CUNHA III
I Love My Architect – Facebook


Wall Street Journal Headlines – October 6, 2017 by @FrankCunhaIII

  1. Russian Hackers Steal NSA Spy Secrets
  2. US Shale Companies Ease Up on Drilling
  3. End year at 9.69 million barrels a day, down from 9.82
  4. Amazon.com
    • Hiring 50,000 office workers, mostly software developers
  5. Illegal Entry to US Gets Rarer, Riskier
    • President’s harder line, longer-term trends make SW border tougher to sneak across
  6. Price Pressures for Renters Begins to Ease Down
    • Those that spend more than 30% of incomes on rent
    • Fell from 48.9% to 47.7% between 2012 and 2015
  7. Iraq Drives ISIS From Stronghold
  8. Turkey Arrests US Consulate Worker
  9. Saudis, Russia Get Closer
  10. NATO to Increase Funding for Counterterror Programs
  11. Catalan Parliament Session Blocked
  12. Prospects for a Gun – Measure Deal Grow
  13. Legislation restricting rifle accessory used in L.V. gunman draws GOP support
  14. Columbia Sets $100M to Diversify Faculty
  15. Ishiguro’s Quiet Power Claims the Nobel Prize
  16. Opinion – Why America Needs Tax Reform
  17. Trump needs to stress the growth payoff and rebut falsehoods from critics at the Tax Policy Center.
  18. Finge Clips Rank High on YouTube
    • Google looking to promote more reliable content
  19. Uber Steers Steadier Course
  20. Forget bitcoin, IMFcoin could be the digital future of SDRs
    • IMF – International Monetary Fund
    • SDR – Special Drawing Rights (ISO 4217currency code XDR, also abbreviated SDR) are supplementary foreign-exchange reserve assets defined and maintained by the International Monetary Fund (IMF). The XDR is the unit of account for the IMF, and is not a currency per se.
  21. Ship Building Alliance to Target Asia
  22. SpaceX Aims to Launch at Fast Pace
    • Planning 30 launches next year (50% of total)
    • There are about 60 launches each year
  23. Netflix Raises Prices as Content Tab Balloons
  24. Honeywell Pursues Purchase of Evoqua
    • Honeywell International Inc. is an American multinational conglomerate company that produces a variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments. The company operates four business units, known as Strategic Business Units – Honeywell Aerospace, Home and Building Technologies (HBT), Safety and Productivity Solutions (SPS), and Honeywell Performance Materials and Technologies.
    • Evoqua is the global leader in helping municipalities and industrial customers protect and improve the world’s most fundamental natural resource: water. We have a more than 100-year heritage of innovation and industry firsts, market-leading expertise, and unmatched customer service. Our cost-effective and reliable treatment systems and services ensure uninterrupted quantity and quality of water, enable regulatory and environmental compliance, increase efficiency through water reuse, and prepare customers for next-generation demands.
  25. Nostalgic Beef Slogan Makes Cut
    • “It’s What’s For Dinner” Slogan
    • Beef consumption in the US declined 15% in the decade through 2015
  26. Facebook Cut Russia from Report on Election
    • FB under fire for playing down role of influence campaigns
  27. Equifax timeline Criticized
  28. New Federal Rule Clamps Down on Payday Loans
  29. OPEC Pushes Russia to Stick to Plan
    • The Organization of Petroleum Exporting Countries is a group consisting of 12 of the world’s major oil-exporting nations.
    • OPEC was founded in 1960 to coordinate the petroleum policies of its members, and to provide member states with technical and economic aid.
  30. Treasury Yields Climb to 3-Month High
  31. Financial, Tech Stocks Fuel Rally
  32. Data Center Firm “Switch” Prices IPO Above Range, Raises $531 Million
    • Switch Inc.
    • Pricing is latest sign of strengthening in tech initial public offering space.
    • The data-center company that powers businesses of Amazon.com Inc., eBay Inc. and other tech companies is the latest to cash in on a renewed interest among investors in technology IPOs.
    • After pricing above the $14-to-$16 range it initially outlined to investors, Las Vegas-based Switch Inc.’s initial public offering raised roughly $531 million Thursday, excluding shares allotted to underwriters.
    • Shares sold at $17 apiece, valuing the company at roughly $4.2 billion.
    • NASDAQ
    • IPO Price
  33. Gold Loses Luster as Global Angst Eases
  34. Bad Timing for Monte Dei Paschi
    • Banca Monte dei Paschi di Siena
    • Known as BMPS or just MPS is the oldest surviving bank in the world and the third largest Italian commercial and retail bank by total assets.
    • BMPS and Banco BPM, Banco BPM overtook BMPS as the third largest bank in terms of total assets on 31 December 2016. Since the end of 2016, BMPS has been struggling to avoid a collapse.
    • Founded in 1472 (545 years ago) by the magistrates of the city state of Siena, Italy, as a “mount of piety”, it has been operating ever since. In 1995 the bank, then known as Monte dei Paschi di Siena, was transformed from a statutory corporation to a limited company called Banca Monte dei Paschi di Siena (Banca MPS).
    • The Fondazione Monte dei Paschi di Siena was created to continue the charitable functions of the bank and to be, until the bailout in 2013, its largest single shareholder.
    • Today Banca MPS has approximately 2,000 branches, 26,000 employees and 5.1 million customers in Italy, as well as branches and businesses abroad. A subsidiary, MPS Capital Services, handles corporate and investment banking.
  35. This Market Bubble Isn’t Everything It Appears to Be