The forces of globalization are creating fundamental upheaval in the market for management education. As a consequence, international relevance has generally become a prerequisite for a business school’s ability to maintain a leading market position domestically. This article examines how business schools of the CEE region are coping with the pressures to widen the geographical scope of their activities in the face of tight resource constraints and still unresolved governance issues. While most business schools around the globe are struggling with similar issues, they manifest themselves in unique ways within the CEE region. Their resolution may ultimately enable regional business schools to lead the intellectual response to the fall-out of the still ongoing financial crisis.