Pearson Vision Impressive
Textbook publishers are catching a lot of grief these day, some of it deserved. Â But I met with a Pearson exec this morning and continue to be impressed by the leadership of this company (with whom I have a business relationship).
Long before Obama landed on readiness, Pearson realigned the company around college/career readiness. Â They are spending tens of millions on personalized digital content even though some of their investments will clearly cannibalize print revenues. Â They fully understand the emerging power of the learning consumer and the informal learning space.
Compared to competitors that do education as a side business, Pearson is an education company that does media as a side business. Â I’ve watched them make bold investments in emerging markets that private equity investors have passed on because they don’t share the commitment to long term sector development. Â I’ve watched them make technology bets that venture investors have passed on because they simply don’t have the market knowledge that Pearson does. They launched a robust services group that will support dozens of school improvement projects in the coming year. Â They have quietly and effectively supported Common Core and interoperability standards and hundreds of nonprofits holding conferences. Â They have assembled a very impressive global management team that completely gets ‘The Innovator’s Dilemma’. Â They are a company to watch.
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