This paper studies business education systems and services available in the face of growing challenges (ie, changing environmental factors and competencies required in the marketplace) posed by globalization, technological development and commercialization of business educational institutions. In doing so, the paper analyzes the tendencies that surround business education systems and the actions (ie, in terms of institutional management, pedagogical strategies and educational models) taken by the educational leaders in order to match those tendencies. The paper findings suggest that the environment of business education is ever changing and therefore, business schools must adopt business education model that is composed of programs and strategies responsive to the widely changing demands of the society and industry.