ExtensionEngine Blog

Use a traditional OPM, or you could simply light a pile of money on fire

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Recently I have had separate in-depth talks with high level administrators and faculty leaders at multiple schools—public and private, large and small, coastal and middle-of-the country—where the obvious conclusions, usually unspoken, were reached by all in the conversation. The difference was, each of these times the conclusions were spoken out loud:

One said “A school can work with a traditional revenue-sharing OPM if its goal is to simply get online. But given the financial implications of such a partnership, it would be just as effective but faster and put much less of a burden on faculty for the school to simply pile up a bunch of money in the middle of a room and light it on fire.”

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Poll: Biggest challenges for developing online programs — and opinions on viable solutions

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This week, I had the pleasure of conducting a webinar with Howard Lurie, Principal Analyst, Adult and Online Learning at Eduventures. The topic was Building Online Programs Without an OPM.

Conventional OPMs, estimated to be used by about 15-20% of universities in the U.S., are a popular option to outsource online degree program development, management, and marketing in return for a share of the revenue. In the webinar, we discussed the pros and cons of this model and also introduced an alternative model: professional services firms (e.g., ExtensionEngine).

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