Curtis Bonk led a session about MOOCs at Learning 2012. His slides are available at TrainingShare (this is the direct link). His presentation must have been one of the most insanely paced sessions I have ever been to. That is a compliment by the way.
What is a MOOC? Start here:
[youtube=http://www.youtube.com/watch?v=eW3gMGqcZQc]
Curtis’ presentation consisted of four parts.
Part I. Past Year Recap of MOOC and MOOC Leadership
MOOCs are very much in the news nowadays. For example the conversation with Bill Gates or the Holy Apostles. The Chronicle of Higher Education has a nice timeline and even Newt Gingrich has one. The MOOC that probably got the most attention was Stanford’s class on Artificial Intelligence. Something that I hadn’t heard of before earlier this week is the Floating University.
Daphne Koller’s TED talk was probably the thing about MOOCs that got the most play:
[youtube=http://www.youtube.com/watch?v=U6FvJ6jMGHU]
Curtis runs his own MOOCs too. He uses tools like Piazza and Course networking.
If you want to be a leader in the MOOC space then there are a few things you could do. Each of the following points was backed up by some news item or article:
- Be first
- Offer something novel
- Define brand
- Take risks
- Rethink your classes
- Inspire your team
- Form partnerships
- Offer incentives
- Set bold audacious goals
- Create media attention
- Build on strengths and niche areas
- Do not make rash decisions
- Be pro-active in addressing concerns
- Give something away
- Look way ahead
- Expanding marketss
- Ask questions
Part II. MOOC Instructor Guidelines
Next Bonk discussed a few guidelines for instructors of MOOCs:
- Plan and Prepare
- Designate Feedback Providers and Tasks
- Offer Ample Feedback in Week One
- Use Peer, Machine, Volunteer and Self-assessment
- Gather geographic data
- Use a Warm and Friendly Tone
- Form Groups and Social Supports
- Arrive early for Sync Session
- Allocata Ample time for Questions and Feedback
- Share Resources
- Personalize
- Use Polling Questions
- Check Chat Window for Comments and Questions
- Reflect After Each Session
- Offer Weekly Recaps and Podcasts
Part III. Type of MOOCs
We are alreading seeing a whole set of different MOOCs. His attempt at a typology is here:
- Alternative Admissions Systems or Hiring System MOOC
- Just-in-Tme Skills and Competencies MOOC
- Theory- or Trend-Driven MOOC
- Professional Development (practical) MOOC
- Loss Leader (dip toe in water) MOOC
- Experimental MOOC
- Have to look it up
- Personality MOOC
- Name Branding MOOC
- Rotating MOOC
- Repeatable MOOC
- Reusable MOOC
Part IV. Business models
This was a part that I was interested in. What are the business models behind MOOCs? How can they be sustainable? Bonk has come up with the following (incomplete list):
- Advertisements
- Small and flexible application/enrollment fee
- Course assessment fee
- Certificate fee
- Enhanced Course Fee
- Option for full university credit
- Company sponsored
- Percent of first year salary (sell companies names and contact details of high performers)
- Sell or Lease Courses (for example to community colleges)
- Share Revenues
I think he missed an important value driver: the (aggregated) data of all the participants. We already see that university are not calling MOOC participants “students” because they don’t want to have to account to FERPA and I can see universities monetizing that data quite easily as a consequence.
Some more things from Curtis
Curtis has created a set of Creative Commons licensed videos about how to teach online. Well worth a look.
His next book is is about a learning framework that he has titled: TEC-Variety:
Finally check out his book: The World is Open:
Financing model :
Since cost is small so the fee will be also small such as $ 10-20 per course.
Financing is very easy . Just charge $ 10-20 after 4 weeks of registration , registration will not be 150,000 but just 8-10,000 just enough . Do not try to prepare yourself for 150,000 people .
Best financing :
Visit every college in the USA. Have them accept 5 online courses from elite universities .
Charge them only $ 10-20 .
Do not forget there are 4,200 colleges in the USA
Assume only 200 students can take 5 courses
then 4,200 colleges x 500 students / college x 5 online courses = 10,500,000 online courses per year.
At $ 10 per course that makes $ 105 million per year