Colleges are a business like any other big business. And just like big business, the customer isn’t who you would think it is.
All businesses rely on the perception of value. Wall Street measures big business much like college rankings measure colleges. Those are the real customers summed up by the perception of value, which ultimately co…
Colleges are a business like any other big business. And just like big business, the customer isn’t who you would think it is.
All businesses rely on the perception of value. Wall Street measures big business much like college rankings measure colleges. Those are the real customers summed up by the perception of value, which ultimately comes down to supply and demand. That is why businesses buy back their own stock….to create the illusion of demand. Having what most of us consider a customer is simply a means to an end.
Colleges are a business like any other big business. And just like big business, the customer isn’t who you would think it is.
All businesses rely on the perception of value. Wall Street measures big business much like college rankings measure colleges. Those are the real customers summed up by the perception of value, which ultimately comes down to supply and demand. That is why businesses buy back their own stock….to create the illusion of demand. Having what most of us consider a customer is simply a means to an end.