Research conducted in partnership with the Wallace Foundation and the Education Development Center revealed the importance of school principals on the success of student achievement and attendance, as well as on teacher efficacy and retention. The implications of this research reveal the importance of stronger and more focused principal preparation programs. Therefore, the Wallace Foundation established a continuous improvement process that engages teams of program faculty and stakeholders in conducting evidence-based assessments of program quality. In this article, three programs document their experiences with the self-study process. Readers will gain a deeper appreciation for the collaborative role that stakeholders play in shaping and improving the quality of programs in higher education institutions.