This paper examines the extent to which stakeholders participate in various decision-making organs in institutions providing business education using the College of Business Education (CBE) as the case study. The main question is ‘How much are key stakeholders involved in decision making systems of the College?’ This study is mainly a desktop research. The methodology adopted to conduct this study is library research which involved reviewing literature in order to collect secondary data and it also involved questionnaires in order to collect primary data. Data analysis revealed that, the provision of higher education in Tanzania does not effectively involve all key stakeholders especially employers, students, parents and professional bodies in preparing and implementing education curricula and other education plans. Ineffective involvement of stakeholders’ results in reduced quality of education that does not meet market demands.