The Professor's Notes

Where my thoughts and your eyes (and now ears!) collide

The Problem of Pricing: Digital Textbooks are NOT cheap!

Posted by Steve Brady On April - 6 - 20103 COMMENTS

I have written extensively 1 about the possible move to digital textbooks, and how an aggressive move to lower pricing could work to benefit the publishers and the students.

NOTE:  Please, after reading through here, share your thoughts to my question that I ask at the end of the post. I crave your inputs and your ideas on this topic of great significance to students, and parents, who buy textbooks)

Underlying my view on digital textbooks is the idea that publishing through a digital medium removes the costs of production, shipping, and other supply chain costs, and thus could significantly reduce the costs of the  texts, resulting in the possibility of a substantial reduction in price to the students.  In addition, I argue that by making the textbooks very reasonably priced students would be more likely to simply “buy new” rather than seek out ways to hack the protections and “steal” books.

Unfortunately it seems the publishers are seeking to do everything they can to dissuade students from making the shift to digital books while appearing to be progressive.

Let me explain:

I have a textbook that I use for my Introduction to Supply Chain and Production Operations course.  The text is Operations Management (10th Edition) by Jay Heizer and Barry Render.  According to Amazon, the text lists new for $198.67 but is available through Amazon for 162.98.  Amazon points out that this is a savings of 18%.  2

So what would you expect the price to be for a digital version?  $30? $50?  $75?

Try $99.35 — and this isn’t a copy you OWN!  You are essentially leasing it (subscribing to it) for 6 months!

Don’t believe me?  Visit the link, and also check the graphic below (click to see larger image.)

This is just one example of the pricing schema.

So let me ask you this:

  • Do you believe a 50% discount off the list price is enough to get you to “purchase” a digital 6 month subscription rather than purchase the text?
  • What are your thoughts on the subscription idea versus owning an actual copy of the text?
  • What would it take to move YOU to a digital textbook?

Digital Education Resources: What price, adoption?

Posted by Steve Brady On April - 5 - 20101 COMMENT

In my last post, I wrote that I measure the success of technology infusion not in the numbers of students that adopt the technology but in the outcomes that they achieve.  When we are considering technologies that are making resources available to students leveraging tools already available and in their toolbox, then I think we can use these measures, but what if students are faced with the daunting challenge of having to acquire new technology to use a technologically delivered resource?

And what if that resource is required?

I had the privilege to speak with a representative from a textbook publisher about their new technological advance, designed to help students learn better, and even more, help faculty by automating the grading and evaluation process.  At first blush I was convinced we had a win-win here. Read the rest of this entry »

Ubiquitous Digital Reading

Posted by Steve Brady On June - 15 - 20091 COMMENT

With all the discussion about the Kindle, the Sony eReader, and other “digital book” devices, it is sometimes hard to remember we are at the beginning of what could be a significant transformation of how we read.  Amazon has given us the best glimpse into the future with wireless delivery of content, synchronizing your reading between devices, and offering larger (and therefore, smaller) reading platforms.

This can make for a very interesting future.  I can imagine a very fluid world with digital books, using much of the technology already existing.  Let’s discuss briefly the existing tech (in the Kindle) and the look at how we can imagine a new reading world. Read the rest of this entry »

In my last post, I put forward my argument for how digital textbooks can result in a win-win for publishers, students and authors. (Okay, so I didn’t mention the authors. I hope it doesn’t take much to realize that more copies sold by the publisher will result in more royalties paid to the authors. )

Part of my argument hinged on the elimination of the resale market in large part due to the robust DRM (copy protection) afforded by the digital books.  Unfortunately, when I presented this argument a few weeks ago, someone pointed me to a site that shared the (convoluted) steps necessary to break the DRM on the Kindle.  So much for secure. 1

This forced me to think a bit further.

In this post, I hope to make a case for reasonably priced digital textbooks in an era of “cracked DRM” that can still result in a win-win. Read the rest of this entry »

Digital Textbooks and “Fair Pricing”

Posted by Steve Brady On June - 12 - 20092 COMMENTS

Those who know me personally know I have a strong desire to see digital textbooks succeed.  I think it has the potential to deliver a Win-Win for most of the major stakeholders, including the authors, the publishers, the environment (potentially) and the students.1 Perhaps the biggest challenge facing everyone in this is how to achieve that “win-win”and this involves a mix of pricing, availability, and convenience.  I hope to address that in this post. Read the rest of this entry »

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About Me

Many have asked, so let me tell you: I am a professor. BA, Political Science MPA (Master’s of Public Administration) MS Logistics Management PhD Business Administration (Business Logistics, supporting field Industrial Engineering) I have a strong professional interest in Collaborative Supply Chain Management, RFID in the Supply Chain (EPC), and Research Methods. I have a strong personal interest in political issues, and military affairs having retired from the US Air Force after 20 years.

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