Archive for the ‘General’ Category

Stay Awhile, We Encourage It!

Wednesday, March 10th, 2010

Reading time: 4 – 6 minutes

International students represent 53.7 per cent of the student population in Canada at the undergraduate and graduate level. Concentrated in the provinces of Ontario, Quebec and British Columbia international graduate students pay approximately $15,500 a year in tuition and fees, a number three times that of nationals, according to the Canadian Federation of Students (CFS). Overall International students provided $6.5 billion dollars to the Canadian economy, generated north of $291 million in government revenue and created 83,000 jobs. “International students provide a significant boost to Canada’s economy. Their presence helps create thousands of jobs and generates billions in revenue. Our government will continue its efforts to promote Canada as the destination of choice for international students by enhancing outreach efforts at our missions around the world,” said Stockwell Day, Minister of International Trade and Minister for the Asia-Pacific Gateway. In 2008, the Government of Canada announced the launch of an ongoing branding campaign, entitled Imagine, aimed at attracting more international students. Reaching over 85 nations around the world the campaign capitalized on the ability of a Canadian education to open doors. Western countries such as Canada are premier destinations for International students. Recently the market has become more competitive forcing countries to create attractive legislation and programs to entice students not only to study but also to stay.

The 2008-2009 recession was a significant blow to the Canadian economy. According to a study conducted by the Canadian Chamber of Commerce the job market shed 189,000 jobs in 2009 with the majority lost in the manufacturing or goods producing industries (mining, forestry, oil and gas and forestry). Outside of recessionary pressure, a principal force with an adverse effect on the labour market is demographics. The population is aging and there is lower growth in the working age population to replenish them. In fact, in the last 30 years the working age population has slowed by more than a third with projections confident it will slow further.  This will put downward pressure on aggregate employment rate and create labour shortages in skilled trades and professional occupations.  Without the domestic reserves for workers the country must turn to immigration as an available pool of labour.

Immigration has long since been a source of growth for Canada. In the past five years it has relied on immigration for nearly two-thirds of the population growth and it is forecasted to account for almost 100 per cent of the net labour force growth in the next decade.  The goal is to attract and retain highly skilled workers with a responsive and proactive immigration system making Canada an employment destination. “Our ability to retain international graduates with Canadian qualifications, work experience and familiarity with Canadian society, will help increase our competitiveness and benefit Canada as a whole,” says Diane Finley, Minister of Citizenship and Immigration.

In an effort to train and retain, Canada has improved its work permit policies making it more attractive to stay in Canada after graduation. The updated Post-Graduation Work Permit can be applied to after graduation at either the undergraduate, graduate or doctorate level. Applicants do not require a current job offer and are free to work in any one of Canada’s 13 provinces and territories. It is valid for the term of your education to a maximum of three years, which is an extension to the previous two-year program. Applicants must have studied a full time program that was at least eight months long at a public or private post-secondary institution. Interested students must apply for the permit within 90 days of receiving graduation confirmation and have a valid study permit when they do so. Students are not eligible if they have participated in any scholarship program from Department of Foreign Affairs and International Trade (DFAIT) or Canadian International Development Agency (CIDA). As an added bonus, recipients and their spouses/dependents living in Ontario may also be eligible for Ontario Health Insurance Plan (OHIP) coverage. Canadian work experience is a great way to kick start the career of any young graduate whether they intend to apply for permanent citizenship or return home.

In an international student orientated study conducted by the Canadian Bureau of International Education (CBIE) the single most highest factor for coming to Canada was the quality of the education and 95 per cent of the students said they think Canada is the place to reach their educational goals/potential. Backed by a marketing campaign with a global reach and a progressive work permit program Canada is successfully selling its brand to students from such countries as China, South Korea and Saudi Arabia. However, only a third of the students graduating from Canadian post secondary institutions stay in Canada to live and work. The other two thirds either return home to leverage their Canadian education or choose another country to live and work. With countries such as Australia, New Zealand, the United Kingdom and France adopting more comprehensive strategies to retain their international students Canada will have to really sell the potential of the great white north.

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Discover Online Learning

Thursday, February 25th, 2010

Reading time: < 1 minute

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From Public To Private

Thursday, January 28th, 2010

Reading time: 3 – 5 minutes

In an effort to make their MBA programs more competitive on an international stage, many publicly supported schools are exploring a privatized model. In a privatized model the school would stop receiving government funding and seek alternative methods to raise capital, such as tuition. Prospective students often refer to the cost of the program as one of the determining factors in their ultimate choice to attend the school. The higher the price tag the higher the perceived level of quality. In order to meet this perceived value the school must deliver. Schools compete on the quality of faculty, technologies, learning environment, curriculum and value added services. One school exploring a privatized model McGill’s Desautels School of Business.

Students at McGill currently pay $1,600 a year in school fees, a cost that is drastically below the industry average of approximately $26,000. Administrators feel that the cost is not enough to entice students unfamiliar with the quality of the program. They propose an increase in tuition, a 1,663% increase in tuition, which is significantly higher than the average annual 4-10% increase to offset inflation.

The increase is necessary argues Peter Todd, Dean of Desautels. The annual cost to put a student through the program is $22,000. “We’ve been running deficits and were not able to make ends meet.” “The economics of it just doesn’t work with the government system,” says Todd. The government is not willing to support the drastic increase, which Todd says is high because the cost was so low before, the increase will bring the program to $29,500 leveraging it within the range of a Canadian MBA. The proposed increase is garnering support from some and bitter protest from others. Some feel that the price hike will alienate prospective students looking for a quality program for less and provincial residents who receive a subsidy in the government model looking for alternative choices. The infusion of capital will allow the school to implement an integrated approach to teaching core courses, with multiple professors in the class at one time, invest in career services and experimental learning opportunities outside of the classroom, money for student aid and over time new physical infrastructure.

Queen’s University was the first Canadian institution to shun provincial support in 1996. It wanted to raise tuition fees to that comparable of the U.S. David Saunders, Dean of Queen’s School of Business says, “Deregulation allowed Queen’s to compete – and win – on an international stage.” BusinessWeek Magazine recently named Queen’s. Other schools to successfully privatize are the University of Western Ontario, Michigan State University, York University’s Schulich School of Business and UBC’s Sauder School of Business.

Bricks and mortar campuses in North America are faced with multiple challenges including decreased endowments, reduction in provincial/state funding and of course an economy in recession. However, MBA admissions are countercyclical in nature in regards to the economy. This is forcing schools to compete on the level of quality. Yet some schools still choose to wait for markets to recover in order to expand and grow. This may prove to be detrimental says John Fernandes, President and CEO of AACSB. “When the competitor is making changes now and not waiting for the markets to heal, this will put them at a quality advantage. Waiting for the financial markets to turn around could be disastrous. These schools are most likely concerned about making sure their programs are viewed well and are received well by students. Therefore if they don’t make the investment now, it’s going to be worse long term. At that point, maybe they won’t be able to turn it around.”

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Infographic: Virtual Campuses and Sustainability

Wednesday, January 20th, 2010

Reading time: < 1 minute

This post displays an Infographic created by www.bestcollegesonline.com to illustrate the emerging trends in the US College system, the future of post secondary education and a sweeping trend by Universities to become more sustainable and offer an online element to their curriculum.

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Follow The Leader

Friday, January 8th, 2010

Reading time: 4 – 6 minutes

Ducks Following The Leader

Here is a list of five blogs from leaders in various industries and professions such as marketing, publishing and software. The list represents only a fraction of the CEOs that are passing on their knowledge, experience, insights and commentary on new and emerging issues affecting their business or industry. Each one is an interesting read. If you are not in the field of the particular leader, I insist you still read through their recent posts. Cross-disciplinary knowledge is a good way to round out your business reading, providing you with new frames of reference.

Seth Godin

Seth Godin writes the most popular marketing blog in the world. He has authored over ten best selling books, holds an MBA from Stanford University, is the Founder and former CEO of Yoyodyne (Sold to Yahoo! in 1998), Founder of Squidoo.com (A fast growing recommendation site) and is a world-renowned speaker (Recently named one of the top 21 speakers of the 21st Century by Successful Meetings Magazine).

While the blog does present a clear focus on marketing, communications and brand development leaders can benefit from his acute insight into fostering ideas, creating sustainable publicity, emerging marketing trends and effective market communication methods.

Recent Posts: Why Ask Why? and What Every Marketer Can Learn From Grucho Marx

Michael Hyatt

As the Chief Executive Officer of Thomson Nelson Publishers, the world’s largest Christian publishing company in the world and the seventh largest trade book publisher in the U.S. Michael Hyatt is a leader.

The blog covers a variety of topics with staple subjects of leadership, productivity and publishing. He has also included an ongoing list of resources that he uses such as software applications, videos and books.

Recent Posts: 7 Ways To Build Your Online Platform From Scratch, Using Email Templates To Say “No” With Grace and So You Can’t Seem To Land An Agent-Now What?

Craig Newmark

Craig Newmark is the founder and current Customer Service Representative of Craiglist, which need no introduction. Craiglist has over 6 billion pageviews per month, is present in 450 cities over the world, operates with a staff of 23 and generates millions in annual revenue.

Craig is involved in a number of community efforts and is particularly interested in public diplomacy, peace in the Middle East and new forms of journalism.

The blog covers a number of topics including U.S. communications policies, economic commentary and his latest charity efforts.

Recent Posts: FCC Launches Reboot Site and The DonorChoose Challenge.

Jonathan Schwartz

Sun Microsystems is a Silicon Valley landmark that provides network computing infrastructure solutions including computer systems, software, storage and services. Its core brands include the Java technology platform, the Solaris operating system, MySQL, StorageTek and the UltraSPARC processor and Jonathan Schwartz is its leader.

As one of the first Fortune 500 CEO bloggers Jonathan’s blog embodies many of the qualities of the products produced by Sun such as openness and communication.

Recent Posts: Java Script Running App Stores and Sun’s Cloud

George Soros

A global financier and philanthropist, George Soros is the founder and chairman of a network of foundations that promote, among other things, the creation of open, democratic societies based upon the rule of law, market economies, transparent and accountable governance, freedom of the press, and respect for human rights.

George Soros blog is a compilation of articles and essays about open society, financial reform and philanthropy.

Recent Posts: Three Steps To Financial Reform and One Way To Stop Bear Raids

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