{"id":2315,"date":"2016-03-25T08:00:53","date_gmt":"2016-03-25T08:00:53","guid":{"rendered":"http:\/\/nortonnorris.com\/?p=2315"},"modified":"2016-03-25T08:00:53","modified_gmt":"2016-03-25T08:00:53","slug":"automakers-higher-education-whats-connection","status":"publish","type":"post","link":"https:\/\/nortonnorris.com\/automakers-higher-education-whats-connection\/","title":{"rendered":"Automakers and Higher Education \u2013 What\u2019s the Connection?"},"content":{"rendered":"
After all, they\u2019re completely different entities with different labor forces, standards, and goals.<\/p>\n
But when you look at the bigger picture, things start to come into focus. Take regulations for example. Both industries are subject to strict monitoring and held to standards of ethics and quality. If a school or vehicle doesn\u2019t meet the standards laid down by the government, they accrue penalties. Consumers also get a vote on whether a company has crossed the line. In either case, the impact on a company can be devastating with negative press, advocacy groups jumping into action, and in some cases, are forced out of business.<\/p>\n
And as of recently, both industries are in flux. Consider these uncanny parallels.<\/p>\n
For the automotive industry there were Volkswagen\u2019s diesel emissions lies, General Motors\u2019 ignition switch issue, and Takata\u2019s exploding air bags.<\/p>\n
Although not as life-threatening (except to a few for-profit entities), the Higher Education sector had its share of ethical lapses and poor choices.\u00a0Corinthian Colleges lost a $530 million lawsuit for steering students towards high-interest loans<\/a>. Whether from financial ineptitude or lack of student interest, Sweet Briar College shut its doors<\/a> as well. And how could we forget about the Louisville Cardinals basketball team\u2019s pay-for-sex scandal<\/a> that rocked the sports world earlier this year?<\/p>\n