This chapter picks up where the previous chapter ended, mainly to discuss how emerging competition impacts the evolution of the modern business school. Several key challenged are identified as potentially slowing down evolution, among which conservatism among key faculty members and the culture in a business school that these create might be paramount. The chapter then discusses how emerging pedagogical innovations seem to further accentuate the need for change. The emerging computer-based technology combined with practical “learning on the job” seem particularly key here. The chapter concludes by discussing what might be some of the key shortcomings that business schools now might face to cope with the challenge to evolve. A fragmented, silo-orientated, organizational structure often seems to represent a particular challenge here.