Harvard Business School

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Harvard Business School
150px
Coat of arms of HBS
TypePrivate business school
Established1908
EndowmentIncreaseUS$3.8 billion (2017)[1]
DeanNitin Nohria
Academic staff
200
Administrative staff
1,100
Students2,009
(1,859 in MBA)
(150 in Ph.D.)
LocationAllston, Boston, Massachusetts, U.S.
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CampusUrban
AffiliationsHarvard University
WebsiteHBS.edu
HBS Horizontal Logo.PNG

Harvard Business School (HBS) is the graduate business school of Harvard University in Boston, Massachusetts. The school offers a large full-time MBA program, doctoral programs, HBX and many executive education programs. It owns Harvard Business Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies and the monthly Harvard Business Review. It is home to the Baker Library/Bloomberg Center.

History

Baker Library

The school was established in 1908.[2] Initially established by the humanities faculty, it received independent status in 1910, and became a separate administrative unit in 1913. The first dean was historian Edwin Francis Gay (1867–1946).[3] Yogev (2001) explains the original concept:

This school of business and public administration was originally conceived as a school for diplomacy and government service on the model of the French Ecole des Sciences Politiques.[4] The goal was an institution of higher learning that would offer a master of arts degree in the humanities field, with a major in business. In discussions about the curriculum, the suggestion was made to concentrate on specific business topics such as banking, railroads, and so on... Professor Lowell said the school would train qualified public administrators whom the government would have no choice but to employ, thereby building a better public administration... Harvard was blazing a new trail by educating young people for a career in business, just as its medical school trained doctors and its law faculty trained lawyers.[5]

The business school pioneered the development of the case method of teaching, drawing inspiration from this approach to legal education at Harvard. Cases are typically descriptions of real events in organizations. Students are positioned as managers and are presented with problems which they need to analyse and provide recommendations on.[6]

From the start the school enjoyed a close relationship with the corporate world. Within a few years of its founding many business leaders were its alumni and were hiring other alumni for starting positions in their firms.[7][8][9]

At its founding, the school accepted only male students. The Training Course in Personnel Administration, founded at Radcliffe College in 1937, was the beginning of business training for women at Harvard. HBS took over administration of that program from Radcliffe in 1954. In 1959, alumnae of the one-year program (by then known as the Harvard-Radcliffe Program in Business Administration) were permitted to apply to join the HBS MBA program as second-years. In December 1962, the faculty voted to allow women to enter the MBA program directly. The first women to apply directly to the MBA program matriculated in September 1963.[10]

In 2012–2013, HBS administration implemented new programs and practices to improve the experience of female students and recruit more female professors.[11]

International Research Centers

HBS established nine global research centers and four regional offices[12] and functions through offices in Asia Pacific (Hong Kong, Shanghai, Singapore), United States (San Francisco Bay Area, CA), Europe (Paris), South Asia (India),[13] Middle East and North Africa (Dubai, Istanbul, Tel Aviv), Japan and Latin America (Buenos Aires, Mexico City, São Paulo).

MBA program

Inside an HBS classroom
HBS participates in the Harvard Graduate Council (HGC), a university-wide student government

Rankings

Business school rankings
Worldwide overall
QS[14] 1
Times Higher Education[15] 5
Worldwide MBA
Business Insider[16] 3
Economist[17] 4
Financial Times[18] 4
U.S. MBA
Bloomberg Businessweek[20] 1
Forbes[21] 3 [19]
U.S. News & World Report[22] 1
Vault[23] 2

In 2018, HBS was tied for 1st with Chicago Booth by U.S. News & World Report[24] and ranked 5th in the world by the Financial Times.[25]

Student life

HBS students can join more than 80 different clubs and student organizations on campus. The Student Association (SA) is the main interface between the MBA student body and the faculty/administration. In addition, HBS student body is represented at the university-level by the Harvard Graduate Council.

Other programs

SVMP

The Summer Venture in Management Program (SVMP) is a one-week management training program for rising college seniors designed to increase diversity and opportunity in business education. Participants must be employed in a summer internship and be nominated by and have sponsorship from their organization to attend.[26]

HBX

HBX is an online learning initiative announced by the Harvard Business School in March 2014 to host online university-level courses. Initial programs are the Credential of Readiness (CORe) and Disruptive Strategy with Clayton Christensen. Leading with Finance, taught by Mihir A. Desai, was added to the catalog in August 2016. HBX also created HBX Live, a virtual classroom based at WGBH in Boston. Duration of HBX Core course takes from 12 to 18 weeks.[needs update][27]

Academic units

The school's faculty are divided into 10 academic units: Accounting and Management; Business, Government and the International Economy; Entrepreneurial Management; Finance; General Management; Marketing; Negotiation, Organizations & Markets; Organizational Behavior; Strategy; and Technology and Operations Management.[28]

Facilities

In the fall of 2010, Tata related companies and charities donated $50 million for the construction of an executive center.[29] The executive center was named as Tata Hall, after Ratan Tata (AMP in 1975), the chairman of Tata Sons.[30] The total construction costs have been estimated at $100 million.[31] Tata Hall is located in the northeast corner of the HBS campus. The facility is devoted to the Harvard Business School's Executive Education programs. At seven stories tall with about 150,000 gross square feet, it contains about 180 bedrooms for education students, in addition to academic and multi-purpose spaces.[32]

Kresge Way now is located by the base of the former Kresge Hall, named for Sebastian S. Kresge.[33] In 2014, Kresge Hall was replaced by a new hall funded by a US$30 million donation by the family of the late Ruth Mulan Chu Chao, whose four daughters all attended Harvard Business School.[34] The Executive Education quad currently includes McArthur, Baker, and Mellon Halls (residence), McCollum and Hawes (classroom), Chao Center, and Glass (administration).[35]

Notable alumni

See also

References

  1. ↑ "Statistics - About Us - Harvard Business School". Hbs.edu. Retrieved March 28, 2015.
  2. ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17 2.18 2.19 2.20 2.21 2.22 2.23 2.24 Baer, Drake; Feloni, Richard (September 18, 2014). "The 25 Most Successful Harvard Business School Graduates". Business Insider. Retrieved July 6, 2016.
  3. ↑ Lua error in Module:Citation/CS1/Identifiers at line 47: attempt to index field 'wikibase' (a nil value).
  4. ↑ Lua error in Module:Citation/CS1/Identifiers at line 47: attempt to index field 'wikibase' (a nil value).
  5. ↑ Esther Yogev, "Corporate Hand in Academic Glove: The New Management's Struggle for Academic Recognition—The Case of the Harvard Group in the 1920's," American Studies International (2001) 39#1 pp 52–71 online
  6. ↑ Lua error in Module:Citation/CS1/Identifiers at line 47: attempt to index field 'wikibase' (a nil value).
  7. ↑ Yogev, "Corporate Hand in Academic Glove: The New Management's Struggle for Academic Recognition—The Case of the Harvard Group in the 1920's"
  8. ↑ Melvin T. Copeland, And Mark an Era: The Story of the Harvard Business School (1958)
  9. ↑ Robert M. Smith, The American Business System: The Theory and Practice of Social Science, the Case of the Harvard Business School, 1920–1945 (Garland Publishers, 1986)
  10. ↑ "Building the Foundation: Business Education for Women at Harvard University: 1937-1970". Harvard Business School. Retrieved 3 November 2015.
  11. ↑ Kantor, Jodi (September 7, 2013). "Harvard Business School Case Study: Gender Equity". The New York Times. Retrieved September 11, 2017.
  12. ↑ "HBS: Global". Harvard Business School. Retrieved 31 January 2017.
  13. ↑ "HBS opens research center in Mumbai". Harvard Gazette. Retrieved 31 January 2017.
  14. ↑ "QS World University Rankings by Subject 2017 - Business & Management Studies". Quacquarelli Symonds. 2017. Retrieved 2017-03-15.
  15. ↑ "World University Rankings by subject: business and economics". Times Higher Education. 2016. Retrieved 2016-10-29.
  16. ↑ "The 50 best business schools in the world". Business Insider. 2015. Retrieved 2016-02-06.
  17. ↑ "Full time MBA ranking". Economist. 2016. Retrieved 2017-03-15.
  18. ↑ "Global MBA Ranking". Financial Times. 2017. Retrieved 2017-01-31.
  19. ↑ "Best Business Schools 2017". Forbes.
  20. ↑ "Best Business Schools 2017". Bloomberg Businessweek. 2018-03-12.
  21. ↑ "The Best Business Schools". Forbes. 2017. Retrieved 2018-03-12.
  22. ↑ "2019 Best Business Schools Rankings". U.S. News & World Report. March 20, 2018. Retrieved March 24, 2018.
  23. ↑ "Best Business Schools". Vault.com. 2017. Retrieved 2018-03-12.
  24. ↑ "Best Business Schools". U.S. News & World Report. March 19, 2018.
  25. ↑ "Global MBA Ranking 2018". The Financial Times.
  26. ↑ "About the Program - Summer Venture in Management - Harvard Business School". Hbs.edu. Retrieved March 28, 2015.
  27. ↑ "Harvard Business School launches online education program - The Boston Globe". bostonglobe.com.
  28. ↑ Harvard Business School. Academic Units. Retrieved 16 May 2018.
  29. ↑ "Harvard Business School Receives $50 Million Gift from the Tata Trusts and Companies". Retrieved 14 January 2017.
  30. ↑ "Tata Hall Dedicated at HBS". Retrieved 14 January 2017.
  31. ↑ "HBS Tops Off Tata Hall". Retrieved 14 January 2017.
  32. ↑ "A campus built on philanthropy - Tata Hall". Harvard Business School -About us. Retrieved June 19, 2016.
  33. ↑ "Harvard Business School - A Campus Built on Philanthropy". Kresge Way - About us. 2016. Retrieved June 19, 2016.
  34. ↑ "A campus built on philanthropy - Ruth Mulan Chu Chao Center". Harvard Business School - About us. 2016. Retrieved June 19, 2016.
  35. ↑ "HBS Campus". Harvard Business School - Executive Education. 2016. Retrieved June 19, 2016.
  36. ↑ "Alexandre Behring da Costa". Bloomberg. Retrieved March 25, 2015.
  37. ↑ "Executive Profile: Jean Burelle". Bloomberg. Retrieved 28 July 2017.
  38. ↑ Barnes, Bart (February 17, 2015). "Betty Jane Diener, blunt Virginia secretary of commerce in 1980s, dies". Washington Post. Retrieved February 21, 2015.
  39. ↑ "Carl H. Pforzheimer Jr., 89, Leading Investment Banker". The New York Times. Retrieved September 27, 2016.
  40. ↑ "Darren R. Huston". CNBC. Retrieved July 3, 2015.
  41. ↑ » Portfolios of the Union Council of Ministers (March 7, 2015). "Portfolios of the Union Council of Ministers | Prime Minister of India". Pmindia.gov.in. Retrieved March 28, 2015.
  42. ↑ Evans, Suzy. "Jennifer Hyman and Jennifer Fleiss". 2011 Most Influential Women in Technology. Fast Company. Archived from the original on 18 November 2012. Retrieved 18 October 2012.
  43. ↑ Vardi, Nathan (March 1, 2016). "The Billionaire Banker In The Shadows". Forbes. Retrieved July 24, 2017.
  44. ↑ "Mark Pears". Globalrealestate.org. Retrieved November 6, 2014.
  45. ↑ Johnson, Carla K. (January 21, 2015). "Melvin Gordon dies at 95; longtime Tootsie Roll CEO". Los Angeles Times. Retrieved February 20, 2015.
  46. ↑ "Company Overview of Tukman Grossman Capital Management, Inc.: Melvin Theodore Tukman". Bloomberg Business. Retrieved February 8, 2016.
  47. ↑ "COMMITTED TO HBS'S SUCCESS: Keeping HBS Competitive". Harvard Business School. March 1, 2015. Retrieved February 8, 2016.
  48. ↑ "I Choose Harvard: Richard L. Menschel MBA '59, P'04, '99, '97". Harvard Alumni. August 6, 2013. Retrieved 15 February 2018.
  49. ↑ "Cbl & Associates Properties (CBL:New York): Stephen D. Lebovitz". Bloomberg. Retrieved March 8, 2018.
  50. ↑ "Tad Smith". NYU. Retrieved 17 March 2015.
  51. ↑ Gröndahl, Marie-Pierre (22 April 2013). "Succession chez Hermès Axel Dumas bien en selle". Paris Match. Retrieved 9 February 2018.

Sources

  • Cruikshank, Jeffrey L. (1987). A Delicate Experiment: The Harvard Business School, 1908–1945. Boston, MA: Harvard Business School Press. ISBN 0-87584-135-X.

Further reading

  • Anteby, Michel. Manufacturing Morals: The Values of Silence in Business School Education. (University of Chicago Press, 2013), a faculty view
  • Bridgman, T., Cummings, S & McLaughlin, C. (2016). Re-stating the case: How revisiting the development of the case method can help us think differently about the future of the business school. Academy of Management Learning and Education, 15(4): 724-741
  • Broughton, P.D. Ahead of the Curve: Two Years at the Harvard Business School. (Penguin Press, 2008), a memoir
  • Cohen, Peter. The gospel according to the Harvard Business School. (Doubleday, 1973)
  • Copeland, Melvin T. And Mark an Era: The Story of the Harvard Business School (1958)
  • Cruikshank, Jeffrey. Shaping The Waves: A History Of Entrepreneurship At Harvard Business School . (Harvard Business Review Press, 2005)
  • McDonald, Duff (2017). The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite. ISBN 978-0-06-234717-6.
  • Smith, Robert M. The American Business System: The Theory and Practice of Social Science, the Case of the Harvard Business School, 1920–1945 (Garland Publishers, 1986)
  • Yogev, Esther. "Corporate Hand in Academic Glove: The New Management's Struggle for Academic Recognition—The Case of the Harvard Group in the 1920's," American Studies International (2001) 39#1 online

External links

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