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Poised for the Future well. The production of Ph.D.s has risen, then fallen. More schools have raised the bar on research expectations. Accounting accreditation has become a reality. Rankings have emerged as a dominant focus for many schools. Classroom emphasis has shifted from teaching to learning and assessment. Technology has replaced blackboards and chalk as a key component in the delivery of management education. New dynamics in the economics of management education have caused more emphasis to be placed on fund raising and revenue generation for noncredit programs. The changing environment of management education has 44 BizEd SEPTEMBER/OCTOBER 2004 with dramatic spikes at some points. As a result of the rise in the global economy, emphasis on international business edu- cation has skyrocketed, along with the number of business schools around the globe. International partnerships, study abroad programs, and exchange programs have become com- monplace. More and more college graduates are pursuing graduate degrees, especially MBAs. Change has been rampant in other areas, as It has been 42 years since I taught my first university class and 31 years since I was named to my first university administrative post. It should be no surprise if I note that much has changed in management education during that span of time. Over the last four decades, our evolution has been steady— by Doyle Z. Williams AACSB is perfectly positioned to cope with some of the most pressing issues in management education today, from globalization to the doctoral shortage to the implementation of international accounting standards. heightened the importance of our professional organization, AACSB International. In recent years, AACSB leadership has expanded its efforts to become a positive force in helping members to articulate, understand, and manage significant changes within the industry. An effective and committed net- work of members has been instrumental in leading initiatives that are advancing management education around the globe. International Expansion During the past five years, AACSB has firmly secured its posi- tion as a leader in management education beyond North America as it makes a significant impact in Europe, Asia, Latin America, and Australia. Through accreditation, educational pro- grams, communications, and knowledge- been the establishment of the Global Foundation for Management Education, whose mission is to address global based services, AACSB is providing high-level services to the global community. These initiatives benefit all members by enabling them to identify programs of quality outside their own boundaries. As a result, there have been enhanced oppor- tunities for study abroad programs for students, as well as exchange programs for students and faculty. Another significant step in worldwide advancement has