One approach to alleviate the faculty shortage is to hire faculty trained in fields closely associated with business administration, such as economics, statistics, computer science and psychology and help them refocus their research and teaching interests on management studies. In a somewhat similar approach, some universities with broader doctoral programs have encouraged students to enroll in the business-related disciplines mentioned above to do part of their PhD program in business administration, thus facilitating their transition into business schools. Another approach is to attract qualified practitioners and outstanding teachers who may or may not have a doctorate in business administration. Special postgraduate programs in business administration could be established and explicitly designed to train practising managers who wish to switch to an academic career. The latter approach will alleviate some of the shortage of qualified faculty. Still, it will present another set of challenges for business school administrators: how to manage a faculty with two distinct tracks those with a standard PhD degree and little or no business experience but a solid academic profile, and those with no PhD degree, or with a specifically designed doctorate in the practice of management, with significant business and managerial experience and a primary interest in teaching, case writing and clinical research. Schools that manage that process well will have the edge over their peers, as well as other providers of business education that have eschewed the more academic, research-based model adopted by top-tier business schools around the world.