This study is a road map for effectively teaching online MBA courses. Using a case study approach, the authors describe the process in detail, in an online MBA course, titled, "Business in a Global Economy -- The BRICS nations," which can be successfully implemented in other online MBA courses. The benefits to the key stakeholders from online programs -- students, faculty, university, and the community -- are highlighted in the study as well. Finally, the challenges for these stakeholders are presented.