The paper first reviews the evolution of the ideas about the strategic management of information technology and how these ideas are seen today. Secondly, an examination is made of the explosive growth of the Internet and of the World Wide Web, both in terms of the profusion of new technologies and in the increasing access to the Internet from homes and offices. The development of electronic exhibitions, forums and journals is then discussed, together with ideas of virtual and digital libraries and the implications these have for teaching. A personal narrative is provided showing the evolution of the author's use of the Internet for teaching. The possibilities and problems of developing virtual schools are then discussed, both for the global virtual business school and the global virtual library school. Finally, conclusions are drawn, some key issues identified and some warnings issued.