In this keynote address to the Academy of Legal Studies in Business, delivered on September 8, 2017 in Savannah, Georgia, Karyn Beck-Dudley, discusses her new role as vice-chair/chair elect of Association to Advance Collegiate Schools of Business (AACSB), and the changing role of AACSB to keep pace with a rapidly changing education landscape. The theme of the address is that schools of business can no longer rely on historical methods of teaching, research, or outreach. The author states that this is the worldwide reality that AACSB has been discussing and responded to when "A Collective Vision for Business Education" was launched in April 2016 at the International Conference and Annual Meeting (ICAM) in Boston, MA. The "Collective Vision" emerged through the active engagement and idea sharing of those who wanted a framework for doing more than just talking about what is changing in business and higher education. The multiyear process sought to identify the most vital opportunities for business schools based on hundreds of articles and reports about the shifting roles of business in society and the evolving expectations of business education. "The Collective Vision" outlines "Five Opportunities" that will allow business schools to thrive by helping them seize upon existing strengths as well as evolve in new directions: (1) Catalysts for Innovation: Innovation and entrepreneurship will continue to drive new business creation and economic development in the future; (2) Cocreators of Knowledge: As the lines between theory and application blur, schools will need to pursue operational models and strategies that firmly position them at the intersection of industry and practice; (3) Hubs of Lifelong Learning: Business schools have the potential to contribute to learning opportunities for a wide variety of individuals, at different points in their career life cycles; (4) Leaders on Leadership: Business schools' role needs to be continuing to lead the discovery of new insights into effective leadership, and create the environments that train and nurture effective leaders; and (5) Enablers of Global Prosperity: Many governments and people now expect management education to address broader societal goals and social challenges. The article also provides three critical success factors to help schools achieve these opportunities. They are: (1) Cultivate a position at the intersection of academe and practice; (2) Be a driver of innovation in higher education; and (3) Connect with other disciplines. The new AACSB Vision gives the discipline an opportunity not only to participate in the discussion but also to be drivers of the pedagogical and mission change that must occur in business schools worldwide.