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To provide highly demanded programmes in management, a business school should consider the quality of education from at least three perspectives: academia, customers and employers. Over the many years of experience, a higher education institution (HEI) is likely to shape an idea of what and how to teach. However, to be effective it must consider what its students want to learn and how they want to learn. Most of today’s university students were born between 1980 and 2000 and are therefore categorised as Generation Y (Gen Y). Current literature says that this generation differs from the previous generations in its work values and career expectations. There are evidences suggesting that Gen Y also has different expectations of education, learning styles and patterns of behavior. HEI should understand the implications of these differences for teaching and learning environment it provides. The HEI task becomes even more complicated as it has to build a bridge between Gen Y workers (its graduates) and their Gen X employers in terms of methods of cognition, attitudes and habits of work as well as to form relevant professional skills. The talk aims to highlight the main challenges of teaching today’s students aspiring to become successful leaders of tomorrow.