With this impact agenda, we address our relevant stakeholders and communicate how the academic Economics and Business sector can contribute to societal challenges. These stakeholders include economic policymakers in government institutions, economic and market regulators (e.g. AFM) and economic and social advisory bodies (e.g. CPB), business leaders in all relevant sectors, and our past, present and future students. Through the education of our students, we aim to create future leaders who can contribute to finding meaningful and transformative solutions to various challenges. This impact agenda also aims to stimulate and promote institutional change within our discipline. It is a collaborative endeavour. Therefore, all our academic staff and support professionals must be engaged in the agenda and the process. We start The Challenges of Transition with an introduction to the current state of our Economics and Business discipline, including an overview of the five relevant transitions. These five transitions will be discussed in more depth in the following chapters. The Deans in Economics and Business have selected five societal transitions for their joint impact strategy. These transitions, although very different, have in common their major effects on both public government and private business policies, and our society. We are convinced the Economics and Business sector, with the high-level knowledge we have, can make a significant contribution to finding the right solutions and driving positive change concerning: A sustainable economy, a broad perspective on welfare, the digital transformation, a healthy society and our changing institutions