Clayton Christensen teaches at Harvard Business School. He recently made a dire prediction about the future of higher education.
CNBC reports:
Harvard Business School professor: Half of American colleges will be bankrupt in 10 to 15 yearsThere are over 4,000 colleges and universities in the United States, but Harvard Business School professor Clayton Christensen says that half are bound for bankruptcy in the next few decades.Christensen is known for coining the theory of disruptive innovation in his 1997 book, “The Innovator’s Dilemma.” Since then, he has applied his theory of disruption to a wide range of industries, including education.In his recent book, “The Innovative University,” Christensen and co-author Henry Eyring analyze the future of traditional universities, and conclude that online education will become a more cost-effective way for students to receive an education, effectively undermining the business models of traditional institutions and running them out of business.At the Innovation + Disruption Symposium in Higher Education in May, Christensen specifically predicted that “50 percent of the 4,000 colleges and universities in the U.S. will be bankrupt in 10 to 15 years.”More recently, he doubled down on his statements, telling 1,500 attendees at Salesforce.org’s Higher Education Summit, “If you’re asking whether the providers get disrupted within a decade — I might bet that it takes nine years rather than 10.”
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