Intellectual capital in education

Schools, and especially universities, are currently undergoing major challenges as their role in society constantly changes. From a teaching perspective, the internet and online technologies have seen the introduction of massive online offered courses (MOOCS) and the opportunity for students to choose between online, distance, and mixed-modes of education. These changes are disrupting the foundations of traditional schools that must now compete with public and private online offerings that challenge face-to-face classroom teaching. Similarly, professional accreditations, such as the Microsoft Certification, are important qualifications that go beyond traditional education. Higher education is no longer the remit of a privileged social class. University and professional education are becoming more available, and online platforms can reach students worldwide. However, as higher education spreads, it no longer guarantees a job but has become a minimum requirement for one.