Our sincere thanks to Professor for giving us an elaborate feedback and critique on this paper. Her feedback has been incorporated into this paper.Challenges to Education in the 21st CenturyIntroduction«Today’s world is characterized by rapid change and knowledge-based economies. Enterprises are more knowledge-intensive, and increasingly rely on the ability to create and exploit knowledge in order to capitalize on this change and thereby achieve sustainable development... successful knowledge management is often the chief determinant for the survival of an enterprise in the knowledge-based economy (Zhou & Vaccaro, Knowledge Innovation).» Developing a system that easily allows for the transfer of students into the workforce following graduation has been a growing dilemma. Colleges have been at issue with determining what employers want from students when they enter the workforce, because of therapidly changing world of business and the way businesses meet client needs. It has become a bigger issue as businesses actively advance their technologies and processes to be more efficient, reduce costs, and provide a better experience for their clients. As these things have happened, colleges have fallen farther behind and developing students to be in line with what employers need.A source is needed here to support the notion that this is actually a goal of higher education and a true dilemma. «We know that the nations that out-educate us today will out-compete us tomorrow. The ability of new industries to thrive depends on workers with the knowledge and the know-how to contribute in those fields. Unfortunately, today, our primary and secondary schools continue to trail many of our competitors, especially in the key areas of math and science. Here he is talking about k-12 education. You need a link to higher education which is the focus of this paper. Hundreds of thousands of high school graduates who are prepared for college don’t go to four-year or two-year schools because it’s just too expensive’ they run out of money. And roughly 40 percent of students who start college don’t complete college. So all along that education pipeline, too many people–too many of our young talented people — are slipping through the cracks. It’s not only heartbreaking for those students; it’s a loss for our economy and our country I would delete this part «hundreds of thousands… loss for our economy and our country» of the quoted passage because it is focused on the cost of higher education rather than the ability of higher education to prepare students for the workforce. (Obama, 2009).»