Why do so many Edtech companies get it wrong?

I have now been working with a number of companies across the Edtech market for over 18 years. The one thing that always inspires me is the innovative, engaging companies that want to get it right.

However, there are a number of companies that just do not understand the Education market.  And so, while they may have a great solution, they are not really working on their Product Strategy and how they need to adapt to a market where relationships and advocates are essential to strong growth and success.

The Education market is unique in many ways to other private sector markets and as an Edtech company you need to be able to talk the right language and work in a slightly different way. If I was a MAT or a school there should be 3 key things I would be looking for in a company, never mind the solution they are selling to me.

 

Relationship

Does this company want to work in partnership?  This means not going missing, once you have sold to a school or MAT.

A School is an exceedingly busy place with lots of challenging priorities for peoples time. The person in the office could be putting a plaster on a knee one minute and then dealing with the police on a bullying incident the next. But ultimately the children come first, not embedding a solution. A school needs support throughout this process and then ongoing support with new functionality and getting the most out of a solution.

Just because a school is paying for a solution doesn’t mean they are using it, eventually a school will stop paying and never go back. As a company stay in touch, help out!!

Also there are companies that can add support which are local to schools, engage with them to help make the most of a solution.

 

What the solution does now

Many schools don’t have the time to do an audit on their solutions, but I suggest they should. Remember, a solution is there to support a need.

Schools should look at their own processes and ask the question:

  • Can this be done better via a technical solution or by a different solution?
  • Are my incumbent solutions really meeting our needs anymore?
  • Are our needs the same as a bigger school down the road? if not consider looking at lighter solutions or a reduction in cost due to the amount of the solution you are using.
  • For the need that the solution meets, is the cost acceptable, is there an alternative?

Needs change along with your ambitions, so should companies to meet your needs.

 

The Future

Technology and challenges in schools are changing at a rapid pace. As a school or MAT you need to be comfortable that the Edtech partners you have are able to rise to this challenge.

To this end, I would be asking the companies you are working with for a view on their vision. Where they see the Edtech market moving towards, and how they are going to meet these future challenges for schools and MATs.

Gain an understanding of are they nimble or slow, will they let you down in the future? Will they listen to you and help find solutions to your needs in the future?

I am sure there are many other things a school or MAT is looking for in a company, when they are dealing with them, let me have your thoughts?

Nick Finnemore

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Director @ Finnemore Consulting│ Non-Executive Director │ EdTech Thought Leadership │ Strategic Planning │ Product Innovation │ Commercial Awareness

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