The Thought‐Leader Series of five articles in the March 2014 issue of the Journal of Business Logistics made it clear that major changes are required in both Logistics and Supply Chain Management programs and indeed in business schools. The articles provided further evidence of how ill‐advised metrics in the hands of fools not only result in a misuse of financial resources but also squander “the efforts of some of the world's best minds” (Economist 2013a). We address the problems that these “Thought‐Leader” pieces reveal, briefly review the criticism of business schools, and describe how the metrics used to evaluate performance are driving the wrong behavior. We offer recommendations for change including: stop competing based on flawed ranking systems; focus on providing students with a quality cross‐functional education; encourage faculty members to conduct problem‐driven, big‐idea research that impacts management practice; and change the incentive system for faculty and administrators. Faculty members in Logistics and Supply Chain Management have a unique opportunity to make substantial contributions due to the boundary‐spanning nature of these fields and the traditional emphasis on applied research. We should not ignore these strengths. Implementing our recommendations will not be easy but we must find the courage to change.