A 3-year study on the future of management education and development is reported. The study, commissioned by the American Assembly of Collegiate Schools of Business (AACSB), was supported by a variety of corporations and foundations, and is an evaluation of management education generated internally by the profession. It surveys management education as traditionally provided by colleges and universities and also as delivered by other systems such as corporations and third-party providers. Several hundred university based interviews were conducted along with a questionnaire survey of 400 deans from AACSB member schools. The report consists of: an introductory section on the design and intent of the study; an overview of the literature, focusing on relevant economic, demographic, and societal variables and including a commentary on change in the profession; a section on university-based degree programs in management education, including discussions of the evolution of the curriculum, students and graduates, faculty, teaching, scholarship and research, business school relations, and accreditation in the last 25 years; and a review of executive education and management development, including a discussion of the lifelong learning needs of managers and reviews of education programs provided by corporations, university business schools, and other providers. The conclusions offered in the last chapter concern: (1) the need for strategic planning in business education (supply/demand patterns, societal expectations); (2) business school missions and niches; (3) curriculum (breadth, external environment, international dimension, information/service society, etc.); (4) faculty preparation and development; (5) AACSB accreditation; (6) managerial lifelong learning; and (7) the future (the corporate community, the AACSB, the business school). (MSE)