Lumen Learning specializes in providing affordable, ready-to-teach Open Educational Resources (OER) courses designed to replace expensive textbooks. The company serves educational institutions, primarily colleges and universities, by offering comprehensive courses that incorporate real-world examples, curated videos, and interactive learning activities. Operating in the education technology market, Lumen Learning's business model revolves around licensing its OER courses and supplementary materials to academic institutions. Revenue is generated through subscription fees and service contracts for their personalized learning tools and professional development platforms. The company aims to enhance the learning experience by improving faculty-student connections and making education more accessible and cost-effective.

Keywords: OER, affordable education, interactive learning, higher education, personalized tools, faculty development, real-world examples, subscription model, academic institutions, cost-effective.