This report aims to help higher education decision-makers understand the phenomenon of Massive Open Online Courses (MOOCs) and the trend towards greater openness in higher education, and to consider the implications for their institutions. The report discusses the development of MOOCs, their characteristics, and the different types of MOOCs, such as cMOOCs and xMOOCs. It also analyzes the motivations of MOOC providers and learners, the business models of MOOCs, and the challenges and issues facing MOOCs, including sustainability, pedagogy, quality, and credit. The report also explores the theory of disruptive innovation and its implications for higher education, suggesting that MOOCs may be a disruptive innovation that could challenge traditional models of higher education. The report concludes that MOOCs have the potential to impact higher education in two ways: by improving teaching and by encouraging institutions to develop distinctive missions that include considerations about openness and access for different groups of students. The report also highlights the importance of openness in driving educational innovation and transforming higher education, and the need for new business strategies and models in response to the challenges posed by new funding structures and tuition fees. The report emphasizes the need for higher education institutions to develop a cohesive strategy to respond to the opportunities and threats posed by MOOCs and other forms of openness in higher education.This report aims to help higher education decision-makers understand the phenomenon of Massive Open Online Courses (MOOCs) and the trend towards greater openness in higher education, and to consider the implications for their institutions. The report discusses the development of MOOCs, their characteristics, and the different types of MOOCs, such as cMOOCs and xMOOCs. It also analyzes the motivations of MOOC providers and learners, the business models of MOOCs, and the challenges and issues facing MOOCs, including sustainability, pedagogy, quality, and credit. The report also explores the theory of disruptive innovation and its implications for higher education, suggesting that MOOCs may be a disruptive innovation that could challenge traditional models of higher education. The report concludes that MOOCs have the potential to impact higher education in two ways: by improving teaching and by encouraging institutions to develop distinctive missions that include considerations about openness and access for different groups of students. The report also highlights the importance of openness in driving educational innovation and transforming higher education, and the need for new business strategies and models in response to the challenges posed by new funding structures and tuition fees. The report emphasizes the need for higher education institutions to develop a cohesive strategy to respond to the opportunities and threats posed by MOOCs and other forms of openness in higher education.