I recently came across an article that described the development and implementation process of a major universities first ever MOOC. The article provided detailed review and analysis of the University of Cincinnati’s first ever MOOC which was delivered in 2003. The MOOC itself was an eight week online course open to learners around the world at no cost. The topic of the course was Innovation and Design Thinking, a collaboration between both the College of Engineering and Applied Science and Linder College of Business. At the time, the University of Cincinnati was already offering online learning degrees so they did have some experience with distance learning platforms, development and implementation. However, this would be their first MOOC open to learners around the world.
Course Structure
The two colleges worked together to design the course which would be delivered over an eight week period. Each module contained four short presentations, reading materials, exercises and a video featuring practitioners in the topic area. Weekly discussion topics posted by instructors and a quiz were used to assess student achievement of learning outcomes.
Business Model & Strategy
The University of Cincinnati chose to implement a strategy called MOOC to Degree in which learners who successfully completed the free MOOC and achieved a score of 70% or higher in the course could receive 3 education credits towards a Master’s degree if they enrolled in either an MBA or Masters of Applied Science and Engineering at the University of Cincinnati.
Return on Investment
As a business strategy and marketing initiative I thought this was a very effective way for the university to reach hundreds of distant learners. The MOOC had 2,500 participants from 90 different countries. The development cost of the MOOC for the University of Cincinnati was $73,000.00, a small amount considering the university breaks even if three participants sign up for a master’s degree program.
Increasingly, universities are taking part in similar business practices which allow students to audit a course or participate in a MOOC at no cost. I personally think this an excellent trade-off for both the student and the university. Students can get their feet wet at no cost and with very little risk or financial commitment. On the other hand universities can increase their audience outreach buy offering MOOCs that have relatively low implementation costs and utilize mostly in-house resources. The universities are able to push their brands and product to new audiences and new markets.
References
Rutz, E., Tappel, J., & Zirger, B. J. (2014). A MOOC with a business plan. In ASEE Annual Conference and Exposition, Conference Proceedings. University of Cincinnati: American Society for Engineering Education. Retrieved from http://www.library.illinois.edu/proxy/go.php?url=http://search.ebscohost.com/login.aspx?direct=true&db=edselc&AN=edselc.2-52.0-84905165936&site=eds-live&scope=site
Casadesus-Masanell, Ramon & Joan E. Ricart (2011). How to Design a Winning Business Model. Harvard Business Review. Jan.-Feb