The cost of going virtual far outweighed the savings, says Henley Africa head
Which costs more: lunch, or a state-of-the-art, virtual reality teaching system? Unless you’re dining in one of the world’s most outrageously expensive restaurants*, the answer appears obvious. Obvious, that is, to everyone but a cent-conscious company training manager.
The Covid-enforced shift towards online teaching has caused many clients to demand reduced programme fees to compensate for what they perceive to be schools’ savings by not hosting students on campus. For Henley, there’s been the additional burden of importing dozens of air purifiers to ensure clean air for students once the Joburg campus is fully reopened. “It cost an absolute fortune,” he says.
The past two years have forced business schools, like all educational institutions, to soul-search about their future. For Henley Africa, it’s been an opportunity to continue its growth trajectory. Executive education revenue continues to flourish. Foster-Pedley says that when the UK-based international Henley group did particularly well in this year’s Financial Times executive education rankings, the SA school was a major contributor to its score.
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