This ebook is an outcome from the Experiential Learning Congress organised by EABIS (the Academy of Business in Society) in November 2010. Taking as its leitmotiv the Chinese proverb above, the purpose of the congress was to explore how experiential learning approaches are used in today's management education and how they contribute value for companies, universities, employees and students alike. The focus of this ebook is to unveil the array of conceptual innovations and practical applications involved in contemporary experiential learning and to explore how this may contribute to enhance the field of management development thinking and practice.