Harvard Business School, known for its large full-time MBA program and doctoral programs, is famous for its "case method" approach to business education. This approach to learning is based on two simple principles: real-world problem solving and active learning.

HBS has also provided a new channel for learning through its online education program, the HBX. Created in Mar. 2014, the renowned institution's mission is "to use technology to to enhance our potential to educate leaders who make a difference in the world."

The school, which has more than a hundred years' worth of experience in business education, created the HBX program to integrate technology with their faculty to share their passion to a wider range of students. "The real focus has been on creating a learning experience that brings business education to life," the program's official website read.

"At HBX, we believe that education should be cerebral, yes, but it should also be riveting, kinetic, social, and mind-bending. It should be a series of unanticipated discoveries that change your capacity to navigate the world."

Unlike other Massive Open Online Courses (MOOCs), Harvard Business School's HBX CORe program ensures that students still get the flexibility to learn on their own schedule that comes with online education but, at the same time, holds them accountable with a deadline-driven and community-based environment.

With this, the average completion rate for HBX is about 85 percent. This way higher than the usual MOOC completion rate that falls between 2 to 10 percent only.

Sheneka Balogun, a Program Manager at Western Governors University, enrolled with Harvard Business School's HBX CORe program in Apr. 2015 to advance her career. This fall, she will be starting an Ed.D. in Entrepreneurial Leadership at Johns Hopkins University School of Education.

Balogun decided to sign up for Harvard Business School's HBX CORe program to advance her career in higher education. "In order to do that I needed to better understand the core principles of business that would match my work ethic and high performance," she said. "Completing CORe, I thought, would position me to be a more competitive applicant during the admissions process."