Abstract
The rapid transformation of the modern economies reveals the significance of knowledge, innovation and technology for economic growth. In Europe, the Lisbon Strategy set the very ambitious goal to “become the more competitive knowledge economy in the world by 2010” Besides public policies, the development of the knowledge economy calls for an educational reform with respect to the programs and processes. Business Schools are required to prepare graduates for the new environment by cultivating skills and competences relevant to the needs of the knowledge economy. This paper focuses on the requirements of the emerging knowledge economy and attempts to outline its educational needs. To this end, the paper analyzes the educational programs of the top-rated European Business Schools, to find out the degree they can respond to the needs of the knowledge economy. In addition, it proposes a conceptual framework for the knowledge economy and outlines the structure of the business curriculum for the knowledge economy.