The business schools and business education have come a long way in less than a century. From their beginnings in accounting, finance, and management they have grown to rival in scale and scope the greatest disciplines including medicine and law. However they have never truly resolved the doubts surrounding their purpose and role in the economy and society. Now faced with the more insistent and confronting challenges of globalisation and technological transformation, the questions regarding the identity, character and future of business schools and business education have never been more pressing.