Just like Fujifilm understood that they were in the chemicals business and not the film business (compared to Eastman Kodak), Pearson understands that they are in the learning business, not the textbook business.
Interestingly, EK understood that--but they spun off Eastman Chemical which is still going strong, while leaving EK with the film business. EK didn't understand the job that film used to do, that is now done by digital devices and storage.
Cassie Korzyrkov rightly touched on this today wrt "AI transformation" (or being "AI-First", whatever that's supposed to mean):
https://decision.substack.com/p/most-ai-strategies-fail-for-this
As with digital transformation, it's not about the technology.
Just like Fujifilm understood that they were in the chemicals business and not the film business (compared to Eastman Kodak), Pearson understands that they are in the learning business, not the textbook business.
Interestingly, EK understood that--but they spun off Eastman Chemical which is still going strong, while leaving EK with the film business. EK didn't understand the job that film used to do, that is now done by digital devices and storage.