Etec 522 Business Venture Pitch - Presentation Transcript
Welcome to the Burnaby Online Venture Presenter: Ada Cheung November 25, 2007
Who is Ada Cheung?
Burnaby school district’s superintendent of 10 years (*role-playing)
Oversees all the schools’ major decisions and activities related to education, finance, and growth
Founder of Burnaby Online
Intentions to expand Burnaby Online
What is Burnaby Online?
Online learning of the K-12 BC curriculum
Teachers are BC certified and interact with students online via video-conferencing, email, and/or other channels
Students complete online interactive lessons and submit assignments to teacher for assessment
Currently non-profit and all technical resources provided to the user if needed for no fee
Cube Analysis
Learning Bought Centrally : the curriculum of subjects available are established by the province of BC and are taught to students by local teachers
Learning Bought for Learner : parents usually make decision on enrolling the child into the program
Learner Buys Personally : adult learners trying to complete their Dogwood diploma chooses to enrol himself/herself into the program
Face 3: Buyer
Content : pre-packaged units and lessons of various subjects and grade levels available
Service : online support and instruction by designated teacher via email, discussion databases, or video-conferencing
Face 2: Type of Offering
Public school (K-12): home-schoolers, gifted and talented learners, elite athletes, world travelers, students with learning disabilities, students seeking alternative learning, adult learners
Face 1: Type of Market
Cube Analysis Continued
Substitutes for Other Forms : students and parents can choose Burnaby Online over traditional classroom education
Works with Well-Developed System : learners with special needs may be partially enrolled online and also attending some classes in school
Imposed and Competes with Existing Systems : if Burnaby Online is more developed and expanded, it has potential to be viewed as more flexible and ideal than traditional school learning
Face 6: How Integrated is Learning Technology with rest of Education System
Supports Export and Substitutions of Import : the city of Burnaby, BC, and Canada all support exports of technology content and services as well as import of substitutions
Despite support of export and import, the Burnaby School District seems to be slow in creating potential programs or services for export and implementing any better imports of learning technologies from elsewhere
Face 5: How Developed is Local Market
Wired Anglophone Countries : program currently available to residents of BC, Canada
Has potential to expand into other regions
Face 4: Pieces of Global Market Involved
Management Team
District Level
Superintendent
Technology Consultant
Online Support
2 Technical support staff for site maintenance, staff assistance, & student assistance
Program Level
Program Principal
2 Counsellors: students within Canada
and International students
3. 10 teachers who cover all grades & subjects together
SWOT Analysis: Strengths
Alternative to traditional learning
Promotes life-long learning with inclusion of adult learners
Utilizes technology as medium, which is popular among children and youth
Allows for collaborative learning (synchronous and asynchronous) while meeting needs of access anywhere, anytime
Funding and loans available for students’ hardware and software needs
Allows for greater parental involvement, especially in elementary subjects, where parents are expected to deliver instructions and guide through materials with children
Saves district money from maintaining a physical school space
SWOT Analysis: Weaknesses
Current program is not profitable because students are not charged, teachers need to be paid, and online sources need to be continuously maintained and updated
Lending hardware or software to users increases risks to district’s resources being damaged or lost
Macintosh users currently cannot access online demos nor course notes and resources without requesting loans of compatible software
Further isolating gifted or special needs learners through this program does not benefit their social well-being
Learning is parent-dependent, especially for elementary subjects, where the parent is almost expected to be the teacher in delivering instructions and guidance
Teacher-student relationship is weak when communication is almost non-existent unless student makes initiative to ask for support
Quality of learning and method of delivery are questionable, especially when online demos do not show methods of interaction and collaborative learning with classmates and one is puzzled as to how learning objectives are met for subjects such as, P.E., Science, and Music.
SWOT Analysis: Opportunities
Trends of life-long learning and changing needs of K-12 students demand greater flexibility and online learning experiences
Program can possibly be made profitable through expansion and additional services, utilizing technologies that already exist in the district
Technology being fully integrated across the K-12 curriculum has never been widely publicized in the local market nor international market; information and publicity can increase enrolment
SWOT Analysis: Threats
Program may eventually be considered by district as too costly if enrolments are limited, costs of running it remains high, and program offerings remain static
Other districts may be offering similar online programs and can potentially lure away Burnaby’s target students
Traditional face-to-face learning in classrooms and schools remain strongly viewed as valuable experiences for learners that cannot be easily replaced/substituted by online learning
Target Market
CURRENTLY:
K-12 Home-schoolers
Gifted & talented learners
Elite athletes
World travelers
Learners with disabilities
Students seeking alternate channels of learning
Adult learners
EXPANSION PRIORITY:
International students
Adult learners
K-12 home-schoolers & students seeking alternate channels of learning
Business Model
Offer same services to all target markets with a fee (paying for convenience of technology)
International students & adult learners would pay additional because they’re receiving service that isn’t otherwise provided to them
Add a marketing representative to management team to promote program to focused target markets by going overseas, advertising in various channels, going into Burnaby schools (esp. ones with large class sizes), etc.
Expand current online program with virtual labs & discussions with real classes in the district via video-conferencing to enhance interaction
Continuous collaboration amongst the management team as well as collaboration with schools and teachers posing an interest in video conferencing with online groups
Competitiveness
Reason for tuition fees is to sell “convenience” of technology
Local K-12 students charged a lesser fee as well: they’re paying a premium for convenience just like post secondary online programs
Exemptions apply for students with special needs
Fees will generate continuous funding for program but can be gradually implemented to allow students to experience value of program as well as fee acceptance
Market Readiness
Success/failure evident with enrolment trends
Continuation/termination of program service expansion & hiring dependent on enrolment
3 yr term plan for time to penetrate into target markets
Annual reviews for progress
Technical Innovation
Similar for-profit ventures in BC:
Vancouver, New Westminster & Gold Trail school districts
Vancouver and New West offer actual overseas school programs & consulting services for profit to increase their funding for local resources
Gold Trail offers money to parents and students to purchase educational resources & Internet connection upon online enrolment
Burnaby’s Competitive Edge:
Online program takes no physical space and saves money from having to built actual schools overseas unlike Vancouver and New Westminster
By charging fees and not offering money like Gold Trail, Burnaby Online proves to be a provider of quality online education
Other districts may have online programs but no K-12 online program currently offers video-conferencing capabilities with real classrooms for enhance interaction
Exit Strategy
Return to original state & terminate/phase out new programs & initiatives if no signs of success within 3 year term
Annual reviews will also indicate risk vs. profitability ratio for short & long term direction
Win-win scenario for district & investors
References
Burnaby Online Program. (2007). About Us, Courses, and Online Demo . Retrieved October 31, 2007, from Burnaby SD 41.
Website: http://online.sd41.bc.ca/index.html
Kuehn, Larry. (2007). BC Government Promotes Privatization and a Market Approach to Education.
Retrieved November 12, 2007, from BC Teacher’s Federation.
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