They need are further accentuated as knowledge about cross-functional and competitive business practices is created and disseminated by many sources other than universities (i.e., corporate, private and governmental sources) (Atkinson, 2001). This accelerating trend evolves, however, at the time when budget constraints reduce the capacity of business schools to deliver the expected quality of educational service. In addition, the delivery of such integration at the instructional level becomes complex as the traditional modes of teaching and assessment are being challenged by the variety of the ever-changing content accessible through the Web (Donnelly and Fitzmaurice, 2005; Phar, 2000). As a result of the growing demand and constrained delivery of business knowledge integration, it has become critical for a business school to identify the core GBCs of career-minded students that they perceive to acquire as learning outcomes in the business program in general and the strategy/capstone course in particular (Entwistle, 2005; Glaser, 1990; Apostolou, 1999).