Technology & management education must evolve to keep peace with mighty changes occurring today in business, industry and society. Professionals must develop attributes & knowledge beyond traditional constraints of the classroom. Technology & Management education must be designed to accommodate current trends & future needs. We must enhance the flexibility of the curricula. Professional education must create more connections & stronger partnership with the global society in which we are embedded. We must examine the relevance of the curricula and strive for the fulfillment of university, college and professional missions. Our goal is to articulate the role of Technology & Management education in the early part of the 21st century and to establish design specifications that will enable Fortune institute of Advance Studies to be a leader in shaping the future of Engineering & Technology education. As such we have an obligation to address the full range of higher education, namely: teaching & learning, research, and service to the community. Indeed these three elements must be totally integrated if we are to be effective in the pursuit of our mission.