Business processes have been the subject of formal study from multiple perspectives for a long time since the start of industrial age. In spite of such sustained focus, processes still are not well understood, left unmanaged and poorly executed. Business schools’ teaching is primarily function specific and narrow, while the IT schools focused on narrow technical skills and leaves the ‘process view’ and ‘integration’ either to the individual student or the academic. This paper analyzes the inadequacies of current business and IS/IT education and reviews the historical perspective of business processes. It posits the significance of business process management and highlights its ability to provide the missing link to business education. It reports on the strategies employed by business schools and discusses the challenges in the BPM education and research.