Showing posts with label Judge Business School. Show all posts
Showing posts with label Judge Business School. Show all posts

Monday, 17 March 2014

To mooc or not to mooc – that was the question


When, puzzled about the value of MOOCs, I carried out a very simple experiment – by enrolling on a MOOC in my capacity both as academic and entrepreneur..

What I now think of as ‘My MOOC’ is an experience that has transformed the way I think about online learning and given me huge insight into the experience of my students. But before I declare myself a convert or a malcontent, I should start with a bit of background.
I head up the Centre for Entrepreneurial at Cambridge Judge Business School and our emerging flagship course is the Post-graduate Diploma in Entrepreneurship (www.cfel.jbs.cam.ac.uk). The PGDE is the only one of its kind (the old adage that you can’t teach entrepreneurship is still alive and well) because we firmly believe that excellent entrepreneurial skills can, and should, be learnt in the academic environment. This kind of learning (in the main, we use entrepreneurs to teach entrepreneurs) can help new venturers to avoid a lot of mistakes, as well as helping established entrepreneurs to turn around or enhance their existing business.
As our clientele for this course are necessarily an international bunch, we offer most of the Cambridge PGDE programme online, to allow them to do it from wherever they are in the world and to continue to run their business while they study. Since I did my own education long before all this sophisticated online learning, I have often pondered what the experience is like – especially for a busy entrepreneur (as I have been myself). When MOOCs came along, I pondered even more about the efficacy of online learning until at last, looking for something to do during a recent sabbatical, I decided to find out what all the fuss is about and enrolled on one myself.
At first, enticed by the thought of performing really well on something I knew lots about, I considered the range of excellent courses on offer from big US Universities on topics like innovation, entrepreneurship, strategy and leadership. But then it occurred to me that my experiment really called for me to go out on a limb and try a subject completely foreign to me. Why? Because if you are a manager or a technology specialist or a member of a family business – what must it feel like to enrol on a course on entrepreneurship? As there is only this one PGDE on offer – it must feel entirely alien at first to the people enrolling on it from around the globe.  So I chose something that felt alien to me – a 6 week MOOC from the Shakespeare Institute at the University of Birmingham - on Hamlet! It’s on the www.futurelearn.com platform.
To the extreme hilarity of my children, who instantly offered me Letts notes and patronised me mercilessly with offers of help, I embarked on something I had never read and which is positioned in the minds of most non-arts people as a secondary school bit of torture.  I dutifully prepared by buying the play and reading it – when the ensuing headache would let me!  Hamlet is one of the longest plays and getting into it was tough.  However, Week 1 on my MOOC passed with great excitement until I reached the first multiple-choice quiz.
This was a terrifying moment when I realised that I absolutely had to get it right or crash and burn in front of my hawk-eyed offspring, who were circling like cute vultures, waiting for me to fail. Luckily, I managed a five out of five for the test and progressed into the following weeks. More and more drawn in, I threw away the aspirin and learnt, enthralled, about the play, its context, the actors, nuances of interpretation, the never-ending centuries’ old debates about Hamlet and his motives. I especially enjoyed how it it took me off on fascinating tangents, like diving into Youtube where there are some wonderful ‘to be or not to be’ speeches. http://www.youtube.com/watch?v=h7TgTb_0wsg
The most serious challenge posed along the way was a peer reviewed 500-word article.  It took a while to break through the blank page on a subject I had never written on, but the ‘peers’ were gentle on me and it proved one of the most rewarding things I did. The many quizzes were easy enough – but I needed the multiple attempts the programme offered!
 What did I take away from the MOOC?  It was like opening presents at Christmas as each module unfolded and I educated myself about a fascinating subject far from my usual sphere. This is one of the nice things about online learning – the sense of achievement as you effectively motivate and educate yourself. It also gave me a whole new topic for dinner conversations!
As for MOOCs – their time has come and academic Institutions had better embrace them.  We are still on a hype cycle with MOOCs and their demise is already being predicted, with articles about how severe the drop-out rate is. I don’t know what the drop-out rate was on my Hamlet MOOC – But I know I’m sold. The key things I loved were the fabulous content with excellent delivery; the easy navigation; the good quality discussions on the platform – i.e. a good peer group - and, at 6 weeks, it was just the right length.
Downsides? There is still work to be done on the discussion forum. I am not convinced that the current platform makes this easy; you have to scroll through hundreds of participants or you end up only seeing the top 5- 10 posts and might miss an excellent post that’s too far down. Some of the quiz questions and the written assignment came as surprises – there were a few complaints about that. But, even with glitches, it was already hundreds of times better than not having access to some of the top people on Shakespeare, helping you to navigate a course on Hamlet, and without having to go anywhere or do anything other than sit in my lounge in my slippers. 
And so the moral of the story is – MOOCs work if they offer excellent, well-considered content, access to some of the top minds on the subject, a high quality peer group and a well-designed platform. If these fundamentals are in place, students will forgive stray errors. Perhaps in the end in was no surprise to find that, no matter what the delivery mechanism - whether it’s books or MOOCs -  content is still king. After all, it’s what has been keeping a weird play about a neurotic Prince set in Denmark consistently in the top most read and watched for four centuries.
That Will Shakespeare – he knew a thing or two about keeping an audience on line.



Sunday, 18 March 2012

We need entrepreneurship that is meaningful

There is an urgent need to help find ideas and propositions that have the capacity to transform people’s lives. This blog sets out the arguments for doing that and points to a joint venture project that aims to do just that at the Judge Business School, Cambridge.

The drivers for a sea change in entrepreneurship started in 1991, when the Berlin Wall came down and when India and China embraced open(ish) market systems. According to Prof Willy Brown Master of Darwin College – there used to be two labour forces, one in the soviet (closed) economic system and the other in the capitalist system. Approximately 1.5billion in each. After 1991 – we have one overall system of 3 billion workers.

The impact of such a shift, tied into the internet and telecoms revolution means that we really have to think differently about the world, its resources, opportunities, political stability, empowerment and inclusion of numerous societies. The world is dividing and power bases are changing. There are demographic changes too. Not only is the world “flat” but also at the same time there are increasing new demands. For example the Middle East and North Africa region alone will need to help create over 85 million jobs over the next 10 years or so. How is this going to happen?

Meanwhile, due to the seizure of policy makers, individuals and communities are getting on with it – all over the world. Entrepreneurship has become a social movement.

Interestingly the notion of the single market system coupled with technology advances in so many fields has started to lower barriers to entry in entrepreneurship. The result is a fabulous growth of innovative companies that have the imagination and management teams to execute. Companies in telecoms, internet have been significant beneficiaries. The other impact of this macro-economic change is that information travels faster, aspirations are raised. Media is also having a huge impact. Some TV formats are democratizing talent shows and giving people increasing level s of hope about their futures. Sure there is a dark side, but the overall impact is going the right way.

All these signals have lead to hundreds of start ups, and incubation programmes that further stimulate new venture creation. In my view they are responding to a wider societal need, otherwise they would not fill up so quickly.

But, are we really focused on the right questions in entrepreneurship?

When you combine this new phenomenon of a social movement, with people who are willing to assist with new venture formation and look at what remains to be done – you get a feeling that it is time to help create meaningful enterprise.

We need to harness the technology, the social movement of entrepreneurship and the increasing levels of support for enterprise to help create new ventures that can make a deep impact on society. To be honest this is an antidote for me when I see ventures that only rely on providing convenience shopping for the rich! Nothing wrong with that – but why not instead work on things that can answer questions for more people.

Where might we find enterprises that are meaningful?

Well there is the UN Millennium Development Goals – poverty, water, health, literacy, infectious diseases and so forth. There is climate change and sustainability. There is health care for the elderly. There is civil rights, human rights, improved and more efficient public services. Civic services. Fair trade, micro lending, family support, child welfare. Frankly only our imagination limits the scope and scale of what we might do that is meaningful.

We might wish to limit the boundaries of what is meaningful. You might consider families, community, country or region. Or, to save the planet. At whatever level you see the opportunity it can make a difference and in the words of Guy Kawazaki – make meaning.

I was inspired by the use of social media during the so-called Arab Spring. It was one of the most amazing examples of seeing a bottom-up call for change. It was not about making profits and listing for IPO – but it was for something much bigger. It would be wonderful for enterprise agencies to start to stimulate graduates into creative processes to help solve big problems and thus create new ventures that are economically successful with good rewards for their founders and management teams..

If you share in this vision and set of values join us at IdeaTransform on the weekend of 20th to 22nd April 2012 in Cambridge.

See http://ideatransform.org/ for more information
https://twitter.com/#!/ideatransform

What is wrong with doing well from doing good?