00208 Crisis and Opportunity

There is some myth floating out there that the Chinese word for crisis also means opportunity. Maybe its true. With selective recognition of winners in the enterprise arena we have the following start up years and follow-on analysis*:

Proctor and Gamble: Panic of 1837

General Electric and IBM: Long Depression of 1873

Hyatt Hotels: Eisenhower Recession

Fed EX:  Oil Crisis

Microsoft and Apple: Bear Market 1974-75

We all know the saying, “If you can’t fix it, feature it.” Entrepreneurs view problems as business opportunities. As civic entrepreneurs we need to address the current economic situation with a burst of optimism and redouble our efforts.

Just after the last crisis peaked the most successful businesses had 3 times the growth during 2000-2003 as their slowest counterparts. During our current crisis from 2006-2009 there was little differentiation. But during 2009 the gap is starting to widen again. I know of no data to show that private sector models can apply to the public sector. But I do know that entrepreneurship works in both, with startup enterprises and the Peace Corps being prime illustrations of entrepreneurial success.

Assuming that governance of K-12 education might just fit this cycle, now is the time to push for innovation. Apple thinks so. With its blizzard of hype and fawning over the iPad, it has tapped a huge opportunity to lead businesses and consumers out of the crisis. Why and how? Because Apple has a system of applications, content and solution devices that can be readily adopted.

Microsoft has dominance in the legacy market. Apple is the disruptive innovation poised for rapid growth. Ed Tech is like the Microsoft partial solution and eLearning is like the Apple system solution.

The timing is right for the elearning approach to make the next great leap forward within K-12 education. Let’s assume the private sector models are right, and we can swing for the fences with our public sector challenge of eLearning transformation.

Note: With the Super Bowl behind us, I can switch to baseball analogies.

*Michael Moe, NeXt Up

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