Business schools' curriculum, faculty and graduates have become a target for many critics as they link the ethical lapses of senior executives to major scandals that have partially led to the financial challenges that the world is facing today. Some claim that business faculty research is not practical and mainly theoretical. This paper discusses the current state of affairs in business education, business school quality control through accreditation guidelines, and faculty scholarship in order to consistently keep faculty up-to-date on the latest research. The paper also offers reflections, suggestions, and practical tips for student recruitment and retention. A bibliography is included.