This publication attempts to gather a number of opinions and visions from leaders in the field of business education. Business schools are an essential component of market economies and optimizing their competitivenesss, relevance and performance is of the utmost importance. Includes papers by Gabriel Hawawini, Dean of INSEAD, Peter Lorange, Nestle Professor at IMD, Angel Cabrera, President of Thunderbird, Garvin School of International Management, Paul Verhaegen, Dean of RSM, Erasmus University and Eric Cornuel, Director General and CEO of the EFMD Originally published as Journal of Management Development (2005, Vol.24, No.9)