What Would Higher Education Look Like if Run by IKEA?

Overview & Synopsis

International higher education is facing increasing competition and pressure from new market entrants, who are introducing disruptive models of delivering more affordable education on scale. Higher education is definitely more than ever at a crossroads in terms of securing its future existence, which is why it becomes essential for academic leaders to benchmark and recalibrate their strategies, operational models and academic programs for survival and long-term relevance. Interestingly, IKEA has built its global presence in a complex and regulated market by addressing challenges similar to those higher education institutions are facing today. The author provides suggestions for how faculty and leaders in higher education can build on the values of IKEA to ensure their future prosperity.