Faculty News

In an op-ed, Prof. Vasant Dhar suggests ways for universities to adapt their business model

Excerpt from the Financial Times -- "Universities face a difficult choice. What they offer, a branded degree and the social experience of maturing in one’s thinking in a 'high-touch' environment are still in demand and will continue to be for the foreseeable future. Moreover, as a society, there are also compelling reasons for us to preserve the traditional role of universities as a public good and the larger role they fulfil in society, including research and knowledge creation. But it is inevitable that profit motives will drive the upstarts up the value chain to eventually target the 'core customers', as in other industries. It would be unwise for any university to assume it will be able to function with its current business model in the increasingly unbundled world that lies ahead."

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