The aim of this paper is to explore the contention that Western Manage
ment Education has entered a period of ''crisis'' and to examine the i
mplications of such a development. Drawing on historical studies of ma
nagement education in America and Europe, four modes of management ''f
ormation'' are identified, each of which has been dominant in a partic
ular period. From its preparadigmatic beginnings, management education
has been successively transformed under an ''old'' and latterly a ''n
ew'' paradigm. Current changes in and critiques of the ''new'' paradig
m imply that Western Management Education is entering a postparadigmat
ic mode. The implications of this postparadigmatic turn are considered
in relation to management practice, management knowledge, and managem
ent ''formation.''