In many parts of the world, the most formidable development obstacle we face today is the poor performance of the private sector and the need for greater focus on growth-oriented interventions. Weak capacity across the board is consistently cited as a major stumbling block and a large portion of the private sector continues to face numerous obstacles due to poor management and technical capacity, and a shortage of skilled managerial candidates. Business schools are the primary suppliers of management and leadership talent. With improved business education, graduates are better suited to develop and grow local businesses, leading to a more vibrant private sector and improved economic performance.