From our analysis of education in New Zealand and internationally, as well as from other sources including technological innovation, silicon valley ed-tech and other startups, we see the following as current trends impacting our work:
- Increased scrutiny around the economics of education: This applies both from the external position of funding agencies like the TEC who are moving to a zero-risk “investment” model of education as well as internally as providers continue to look at ways to do their work while slashing fixed costs. We’re addressing this by massively slashing our fixed costs this year. We expect government funding of education to continue to slow down. The next several years could see a massive reality check amongst education providers as fixed costs like rents continue to rise while funding slows or actually decreases.
- The hollowing out of middle management in education: Educational bureaucracies can no longer afford to…
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