1. Can the universities of today lead learning for tomorrow?
The University of the Future

2. Does higher education need a new paradigm to serve Australia’s needs in the Transformative Age?

3. Global forces impacting the university sector•
University of the Future
Rise of continuous learning
Increasing international competition
Evolving digital behaviour
Blurring industry boundaries
Changing world of work
Five transformative external forces are driving change in higher education

4. New stakeholder demands are redefining the purpose of universities
Employers
Researchers
Administrators
Learners
Academics
Industry
Learning
Research
New stakeholder demands are redefining the purpose of universities
University
Learners
Government
Parents
Other educational institutions
Federal government
Alumni
Community
State government
Cities

5. How do universities create value?
Who are our future customers?
What are the jobs to be done for customers?
What products/services are we providing?
How do customers get our services?
The university business model is being disrupted, creating new opportunities and challenges
How do universities deliver value?
How do we produce it?
How do we distribute it?
How do we support it?
Who are our key partners and suppliers?
How do universities capture value?
What are our major investments?
What is our revenue model?

6. Unbundled courses
Bundled degrees
Hands-on
Hands-off
Shifting role of government
Evolving learner preferences
Two critical uncertainties drive a range of possible outcomes for the sector

7. Unbundled courses
Bundled degrees
Scenario 1 Champion University
Scenario 2 Commercial University
Scenario 3 Disruptor University
Scenario 4 Virtual University
Hands-on
Hands-off
Government role
Learner preferences
Four scenarios for 2030 can help to stress test higher education strategies

8. Scenario 1 Champion University
Hands on government actively champions and funds universities as strategic national assets
Majority of learners are in traditional undergraduate and graduate degree programs
Universities streamline operations by transforming administration
Higher education remains distinct from vocational and education training
“Just for knowledge” learning

9. Commercial University
Scenario 2
Commercial University
Hands off government requires universities to be financially independent
University sector is deregulated and more diverse
Learners favour degree programs with work-integrated learning
Universities draw closer to industry for teaching, researching and funding
“Just for work” learning

10. Scenario 3 Disruptor University
Hands-off government deregulates the sector to drive competition and efficiency
Continuous learners outnumber traditional degree seeking students
Universities are more focused and more nimble
Degrees are unbundled into micro- certificates
Majority of learning content is delivered online
“Just for you” learning

11. Scenario 4 Virtual University
Government integrates higher education and vocational education and training sectors
Jobs begin to be replaced by technology
Learning and employability outcomes are priorities
Continuous learners are the majority and prefer unbundled courses delivered online
“Just in time” learning
Scenario 4
Virtual University

12. 1 2 3 4 5 There are common themes across all scenarios
Student centricity
Physical campus and digitisation
Policy settings adjusted to drive innovation
Industry integration
Reimagine the future product set
There are common themes across all scenarios

13. 1 4 2 3 Four priorities for action …
Make the shift from being faculty focused to learner centric
Integrate with industry to co-create and collaborate 4 2
Four priorities for action … 3
Experiment with unbundling degree programs and deconstructing the value chain
Reimagine the physical campus for a digital world

14. Products
Markets
University of today
existing New
Existing New
University of tomorrow $
… including “double transformation”: repositioning today’s university while inventing tomorrow’s university
Universities need to invest in building the university of tomorrow while balancing the continued investment in running the university of today.

15. A well-managed education system becomes Australia’s competitive advantage
Universities face an existential challenge and everyone – from government to industry to learners themselves – have roles to play in shaping a sustainable, globally competitive higher education sector

16. What are the next steps for your university?