pWithout a doubt, business schools have been a success story in higher education over the last 50 years the period of EFMD's existence. Even so, they have come under scrutiny, and attack, over their academic legitimacy and value proposition for business and society. In this book, drawn from a special issue of iGlobal Focusi, the EFMD has selected around 25 of the best, most thoughtful short papers published in iGlobal Focusi to examine the role and purpose of EFMD in the evolution of management education.ppEach of the chapters interpret current strategic debates about the evolution of business schools and their paradigms and also identify possible strategic options for handling uncertain, volatile futures. These papers can be broadly categorized into four consistent themes the first theme is concerned with the purpose and value proposition of management education the second theme focuses on a perceived need for new business models and how to design and build them the third theme addres