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The book 'Post Corona: From Crisis to Opportunity' discusses how the pandemic has accelerated trends and redefined industries. In the context of education, it suggests that institutions offering high-value credentials or cost-effective education will thrive, while those charging premium prices for an elite-like experience without strong credentials will struggle. This insight could influence educational strategies by encouraging institutions to focus on enhancing their value proposition, either through prestigious credentials or affordable, quality education. Similarly, businesses could take a cue from this by focusing on strengthening their core offerings and ensuring they provide value for money.
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In exchange for time and tuition, a college offers a credential, education and the college experience. The pandemic gave most institutions a fiscal shock. Schools like Harvard that have low acceptance rates and offer exceptional credentials will be fine. So will schools that offer solid education at a great price without an emphasis on experience. However, schools that offer an elite-like experience at premium prices without credentials will face the heat.
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What will the world of business look like after the coronavirus pandemic? The pandemic will accelerate every trend by a decade and redefine entire ind...
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