A strategic action program was drawn up for the next 5-year period (2014-2018) of the strategic development of Baku Business University according to the “State Strategy for the development of education of the Republic of Azerbaijan” approved by a dispose of the President of the Republic of Azerbaijan dated 24 October 2013. The strategic plan includes the increasement of the capacity of teaching staff, conducting of the content quality changes of education, reconstruction and upgrading of material and technical base in accordance with modern standards, improvement of the efficiency of scientific research, formation of a contingent of students and alumni, and a perspective development activities in the field of international relations.