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"If any institution is equipped to handle questions of strategy, it is Harvard Business School, whose professors have coined so much of the strategic lexicon used in classrooms and boardrooms that it's hard to discuss the topic without recourse to their concepts: Competitive advantage. Disruptive innovation. The value chain."

"It was about 12 or 13 years ago, that we decided to design a class website template. It seemed that student materials were heading online and at Melbourne Business School we opted for a faculty-designed solution. For those days, it was pretty slick and it was the main template used for about a decade. A few years ago, wanting more features the School moved to Blackboard. And when I got to the University of Toronto there Blackboard was again. My kids' school uses Blackboard. It is everywhere and it is terrible. While it has all the features you could want and it has some integration with University systems, it is very cumbersome to use. So much so that I kept its use to a minimum for my course this semester and opted for my own WordPress hosted solution."

"When campus president Wallace Loh walked into Juan Uriagereka's office last August, he got right to the point. "We need courses for this thing - yesterday!""

Online versions of college courses are attracting hundreds of thousands of students, millions of dollars in funding, and accolades from university administrators. Is this fad, or is higher education about to get the overhaul it needs?