GLOBAL DEMAND for Western education is enormous. Booming businesses in China, India, and the Middle East seek to train their managers in best Western business practices. Educating them in America or Europe can be difficult, costly, even impractical. Visas are hard to come by. Admission to Western business schools is limited.
In America and Europe, many colleges and universities are struggling financially. Student enrollments are dwindling. Endowments no longer generate high returns. Stiff competition constrains pricing. Meanwhile, operating costs and capital requirements continue to soar.
So, how can (A) the need for quality management education in China, India, and the Middle East, and (B) the need for additional financial resources at US and European colleges and universities be simultaneously met? –Perhaps through the expansion of US and European colleges and universities into the emerging markets of Asia and the Middle East.
This discussion forum explores the latter proposition. It addresses the following issues:
- Where should US and European colleges and universities expand, and why?
- What challenges (e.g., organizational, regulatory, logistical, financial, economic, cultural, political) do these institutions face in expanding to China, India, the Middle East, and how can they be overcome?
- To enter these markets, should US and European colleges and universities develop exchange programs, set up their own branch campuses, or partner with a foreign college or university?
- What are the advantages and disadvantages of each option?
What do you think? Please indicate your name, position, and how you can be reached.