This book analyzes the business of Business schools, presents scenarios for 2020 and discusses strategic options for the main regions of the world.It provides a unique foresight study on Management Education, presenting five scenarios for the future of business schools. It explores an essential debate on the role of business schools in educating managers through a dominant model of management imported from the US. It discusses the strategic options available to North America, the EU, Brics and developing countries for the next decade.To what extent do business schools in Europe contribute to competitiveness of the economy? European Business Schools imitate their North American counterparts in order to catch up in the competition for knowledge and training in management. The book compares institutional settings of business schools and presents five foresight scenarios for 2020.