asu gsv presentation - experience online learning like never before (novoed)
TRANSCRIPT
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Experience Online Learning Like Never Before
Greg [email protected]
ASU GSV ConferenceApril 18, 2016
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Lectures Online Courses Workshops
What was your best learning experience?
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Applied
Experiential
Project-Based
Collaborative
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Why does online learning replicate the lecture hall?
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Online learning should be as experiential as in-person workshops!
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NovoEd replicates the experience of in-person learning, online.
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Employee Training (Internal)
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Client Training (External)Employee Training (Internal)
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Leadership Innovation andDesign Thinking
SalesCustomer Service Employee Onboarding
Strategy andDecision Making
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Leadership Innovation andDesign Thinking
Strategy andDecision Making
SalesCustomer Service Employee Onboarding
1. Critical for Business
2. Active Learning Required
3. Formerly Trapped Offline
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Offline training today covers skill development and behavioral change
Developing these critical skills has been stuck offline
Figure 1. Migration of Training Online (1990-2016)
Online training today mostly supports basic content delivery
Source: Extrapolated from Bersin Corporate Learning Factbook and ATD State of the Industry reports, smoothed for illustrative purposes.
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Developing these critical skills has been stuck offline
Figure 1. Migration of Training Online (1990-2016)
Online training today mostly supports basic content delivery
45% of hours, 75% of budgetNovoEd unlocks this training
and scales it online.
Offline training today covers skill development and behavioral change
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Quality in-person learning is costly Corporate training budgets are limited
This training is (often) great, but it can’t reach the entire organization
Airfare – Average of $800 per person
Hotel – 3 nights @ $200 per night $600
Catered Meals – 3 days @ $150 per day = $450
Labor – $500 per day (assuming $125k/yr) = $1,500
Transportation – $200 per person across 3 days
Group Activity – $300 per person
Room Rental of $2500 per day x 3 = $7500
Total Investment before a facilitator = $103,750
Facilitator = $15,000 per day x 3 = $45,000
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Total Cost Per Person: $5,800
Source: Altman, Ian (2014) How Much Does Sales Training Cost? Forbes. Online.
Source: Bersin by Deloitte (2014) Leadership Development Factbook 2014: Benchmarks and Trends in U.S. Leadership Development.
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This makes it possible to
reach the entire organization.
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Use data to make decisions and measure ROI
Drive impact with continuous, applied learning
Stay agile with easy to deploy cloud-based training
Migrating training online also increases business impact
Reach entire organizations and new audiences
Reduce lost productivity by minimizing travel time
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NovoEd offers the full solution.
Better Tactics.
Turnkey design and delivery services.
Better Tools.
Experiential online learning platform.
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Our approach focuses on five principles
Intuitive, Delightful User Experience
Experience and Project Orientation
Collaboration and Social Engagement
Data Analytics and Insights
Mentorship and Peer Feedback
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Engagement is 20x higher on NovoEd
Com
plet
ion
Rat
e
21%
2%
44%
293
Individual with Discussions
Teams Teams with Feedback
Chuck Eesley, Stanford Professor, conducted this research in 2014 based on data from Technology Entrepreneurship (12/13) with 26,248 students.
50%
Figure 2. Completion Rate By Social Model
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Learners love it
Figure 3. Net Promoter Score (NPS), by Quarter
Source: Quarterly learner surveys
NPS of 67
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Comcast ING Bank
Customer Examples
Stanford GSB IDEO
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Comcast ING Bank
Customer Examples
Stanford GSB IDEO
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Comcast ING Bank
Customer Examples
Stanford GSB IDEO
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Comcast ING Bank
Customer Examples
Stanford GSB IDEO
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ING Bank
Customer Examples
Stanford GSB IDEO Comcast
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Experience Learning.
http://novoed.com