Increasingly dynamic business environments and demands for responsible ways of doing business, call for new approaches to leadership. This implies a need to rethink management education and to generate knowledge about how to support the development of the leadership competences necessary to navigate in these new business contexts. This paper is based on a study of the Scandinavian-based 3-year educational programme, the KaosPilot School of Leadership and Social Entrepreneurship. The school presents an exciting case by employing action- and design-based approaches to learning and by integrating sustainability, social innovation and cultural diversity as cornerstones of the curriculum with the aim of developing creative and responsible leadership. This paper contributes to an understanding of how action learning and a design approach to learning, combined with an appreciative feedback culture, can create a generative learning space that supports the development of leadership competences needed to build and lead businesses which seize the opportunity to become corporate citizens.