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"We aren't against restructuring, we just don't understand why they are getting rid of profitable courses".
Now the management is restructuring the university to run only the most profitable courses as cheaply as possible.
If private providers cherry-pick profitable courses, such as law and finance, will this reduce the ability of other institutions to cross-subsidise across discipline boundaries, and in turn threaten their financial sustainability?
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After so much turbulence, airlines are trying to chart a more profitable course through mergers and a renewed focus on business and first class.
When stocks are really about to decline, for example, and the profitable course of action would be to sell some of the stock in a portfolio and hold cash, the typical investor tends to remain stubbornly optimistic, treating the decline as a buying opportunity.
Android devices are only going to improve, BlackBerry smartphones will likely continue pounding the low-cost crowd and iPhone 5G will stay its profitable course all while capable Windows Phone 7 devices sit all by themselves in the corner previously occupied by their Winmo 6.5 brethren.
Thus, the error-prone best-response strategy assigns equal probabilities to foraging and resting when both yield the same probability of survival, and otherwise assigns a greater probability to the more profitable option (but some non-zero probability to the less profitable course of action).
We've heard from a few sources that the company is "very profitable" — of course, this could be double speak among the investor community to drive additional interest in the round.
For these investors, the holy grail is to find a business model for Moocs that will make them profitable – so far courses have depended on universities being prepared to bankroll their star lecturers' curriculum design and online teaching time.
It is not, of course, profitable: in the six months to June 1999, the last figures available, it lost euro21m on revenue of euro8m.
In that case, mining asteroids could be hugely profitable – though of course bringing the rare metals back to Earth in any quantity might depress the price.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com