Purpose – The purpose of this paper is to discuss the cost of basic or textbook knowledge that is asymptotically approaching zero. Design/methodology/approach – New ways to access such knowledge and to receive academic credit are challenging the mature academic institutions and acting as a disruptive innovation. Findings – These alternatives will create competitive models, some current institutions will fade or be absorbed and the present institutions will/are undergoing substantive changes in what is delivered and how and what will emerge as the new value proposition. Originality/value – This knowledge is both fungible and transferable across geo‐political boundaries including the walls of the Ivory Tower.
On the Horizon – Emerald Publishing
Published: Sep 27, 2011
Keywords: Future; Foresight; Post secondary; Economics; Education; Universities; Bologna; Competency‐based education; University campus; Research; Open education resources