How Microcredentials Are Revolutionizing the Higher-Education Business Model - Kristin D. Hultquist, Stephanie M. Murphy, Manhattan Institute

One notable external force causing internal change is the growing influence of “microcredentials.”[1] These shorter-term credentials are integrating into traditional degree pathways, and trustees of public colleges and universities should examine the role of these credentials in the baccalaureate programs of their institutions. Shorter-term credentials can provide substantial benefits for public four-year institutions, including improved return on investment on baccalaureate degrees, better alignment of skills with market demands, increased transparency, and greater responsiveness to labor-market changes. These benefits are most likely to be realized when a validated market analysis is conducted, clearly identifying the competencies needed from today’s students.

https://manhattan.institute/article/how-microcredentials-are-revolutionizing-the-higher-education-business-model