Natasha T

LOOKING AHEAD Assessing The Impact On The Education Sector – Post Covid September 2020 Covered ► Impact of COVID-19 – The Education Ecosystem ► How is this Ecosystem Adapting ► Possible Impact ► Moving Forward The global health pandemic has shined a harsh light on the vulnerabilities and challenges humanity faces. It has provided a clear picture of existing inequalities— and a clearer picture of what steps forward we need to take, chief among them addressing the education of more than 1.5 billion students whose learning has been hampered due to school closures. Decisions made today in the context of COVID-19 will have long-term consequences for the futures of education. Policy-makers, educators and communities must make high stakes choices today—these decisions should be guided by shared principles and visions of desirable collective futures. Source: https://www.researchgate.net/post/How_will_the_face_of_education_be_changed_in_post_COVID-1 https://en.unesco.org/sites/default/files/education_in_a_post-covid_world-nine_ideas_for_public_action.pdf Covered ► Impact of COVID-19 – The Education Ecosystem ► How is this Ecosystem Adapting ► Possible Impact ► Moving Forward All The Stakeholders Within The Education Ecosystem Are Facing Disruption which has further accelerated the shift from Offline To Online Investors Existing portfolio companies o Education Providers o o Customer-facing o o o Lack of preparedness Limited communication channels to interact with teachers/parents Struggles to make online sessions engaging Funding/liquidity Children & Parent Students o o Learning disruption due to shutdowns Lack of familiarity with online learning Parents o o o Lack of experience in homeschooling children. Limited resources to support such learnings Reduced ability to afford or reluctance to pay full fees o o Effect on Family incomes having a ripple effect leading to inability/reluctance to pay for online schooling Impact on long- term expansion plans requiring capital expenditure Changes in expansion and exit timelines Re-evaluation of future performance and business resilience Assessment of sustainability of growth drivers in the long term New investments o o o o Change in acquisition timelines Assessment of the market for potential distress sales Re-evaluation of focus geographies and segments (if focused on travelsensitive segments, or in highly impacted countries) Evaluation of trade-off between cash and growth/margin Operational o o o Reduced walk-ins and events as promo activities for admissions Changes in admission and hiring of expat students and teachers Increased health and safety requirements Source: https://www.qs.com/portfolio-items/the-coronavirus-crisis-and-the-future-ofhigher-education-report/ Uncertainties are being voiced in the student communities about the next steps. Will classes be on campus or online in the fall? Will education ever go back to a pre-covid state at all? How safe will it be if schools were to be reopen soon? In-person vs remote learning what are the trade-offs? Covered ► Impact of COVID-19 – The Education Ecosystem ► How is this Ecosystem Adapting ► Possible Impact ► Moving Forward While While New Entrants And Innovators Are Trying To Change The Industry , The shift online could take several forms and have varied impact Experience Will Take the Lead • if bad-experience stories circulate and have influence, we could see participation and even enrollment decline • if the pandemic persists unevenly, coming and going in waves over a long period, we might get used to alternating between face-to-face (i.e., really blended) teaching and wholly online instruction. INSTITUTES AS PROFIT CENTERS • open education resources and open-access publishing could triumph • By freeing resources from courses that can be commoditized, colleges would have more resources to commit to research-based teaching, personalized problem solving, and mentorship DRIVERS OF INEQUALITY We may also see inequality drive different technology uses, with wealthier communities using more demanding technologies (virtual and mixed reality, telepresence) while poorer ones turn to tools with lower infrastructure demands (asynchronous video, audio, images and text) • Colleges and universities might compete for students (as well as faculty and staff) based on how well and prominently they carry out these teaching methods Source:https://hbr.org/2020/03/what-the-shift-to-virtual-learning-could-mean-for-the-future-of-higher-ed What now? Keeping Students and Families at the Centre of Designing Solutions: 01 Put students first as you create your plan for the fall. 04 Create a clear online delivery strategy and communicate the same 02 Clear and faster communication and response time 05 Have a strategy around those who are most likely to be impacted due to financial crisis leading to higher enrollment drop off rates. 03 Pre-plan good quality material for online delivery of course material 06 Adjust your application process for 2021 to be responsive to changing applicant needs. 9