#3: Online Ed Is a Speedboat 🚤
One of my ODCC1 mentors - who is also a teacher at a large US university - referred to traditional education being a dumpster fire 🔥
Some of the challenges:
Topical Lock-in: You pick your degree and you’re stuck with it. Syllabus does not change as fast as real-market best-practices.
Temporal Lock-in: You sign up. Thanks for sticking with us for the next 4 years.
Exploding Costs: Price point of traditional edu in the US extremely high. And prices are hiking up and up.
In my eyes it’s not a good fit anymore if your professional/personal success depends on learning applicable skills quickly & cheaply.
Alternative methods of learning - which I’m referring to as Online Education - are:
- Self-directed learning
Email-based courses (EBCs)
- Self-paced/evergreen courses
- Cohort-based courses (CBCs)
- and many more…
Online education has some advantages because it is more nimble:
Topical focus: Online education competes in a free market. The product needs to be top notch, otherwise you will not be able to compete. Best-practices are at the core of the curricula
Temporal advantage: Online education delivery format can achieve a student transformation in anywhere from 5 minutes (task-based playbooks or EBCs) to 3 months (in-depth CBCs)
Lower Price Point: Currently online ed formats are priced anywhere between $0 - $6,000
If Traditional Education is a massive oil tanker
, then Online Education is a nimble speedboat 🚤