Harvard Business School

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Harvard Business School
Harvard shield-Business.png
Established 1908
Type Private business school
Endowment US$3.0 billion (2014)[1]
Dean Nitin Nohria
Academic staff 200
Admin. staff 1,100
Students 2,017
(1,917 in MBA)
(100 in Ph.D.)
Location Boston, Massachusetts, United States
42°22′02″N 71°07′21″W / 42.36722°N 71.12253°W / 42.36722; -71.12253Coordinates: 42°22′02″N 71°07′21″W / 42.36722°N 71.12253°W / 42.36722; -71.12253
Campus Urban
Affiliations Harvard University
Website HBS.edu
HBS Horizontal Logo.PNG

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

History[edit]

Baker Library

The school started in 1908 under the humanities faculty, received independent status in 1910, and became a separate administrative unit in 1913. The first dean was historian Edwin Francis Gay (1867-1946), who had no business background or indeed any previous connection to the business world.

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. 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.... [Lowell] remarked that as the business world was developing and becoming increasingly professional, Harvard had to play a pioneering role. 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.[2]

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.[3][4][5]

MBA program[edit]

Rankings[edit]

Business School Ranking
U.S. MBA
Bloomberg Businessweek[6] 8
Forbes[7] 3
U.S. News & World Report[8] 1
Worldwide MBA
Business Insider[9] 1
CNN Expansion[10] 1
Financial Times[11] 1

HBS is consistently ranked among the foremost business schools in the world. It is tied for the #1 position with the Wharton School and the Stanford Graduate School of Business in the U.S. News & World Report ranking.[12] #1 by the QS Global 200 Business Schools Report,[13] #8 by Bloomberg BusinessWeek, #3 by Forbes, and #14 by The Wall Street Journal. Internationally, HBS is ranked #1 in the world by América Economía, #1 in the world by CNN Expansion, #1 in the world by the Financial Times,[14] #5 in the world by The Economist, and #21 in the world by The Wall Street Journal. The 2014 Eduniversal Business School Ranking ranks Harvard Business School #3 in the world (after Copenhagen Business School and London Business School).[15]

In the most recent aggregated "ranking of rankings" of US business schools, HBS ranked #5 in the Financial Times and #2 with Poets&Quants. Each of these rankings is a composite of five major MBA rankings published by Bloomberg BusinessWeek, The Economist, The Financial Times, Forbes, Wall Street Journal and/or U.S. News & World Report which is meant to eliminate anomalies and other statistical distortions that are often present in any single ranking.[16][17]

Student life[edit]

Students can join one or more of the more than 80 clubs on campus. The clubs invite speakers to campus, organize trips, social events, and help forming bonds between students of similar interests. The Student Association (SA) is the main interface between the MBA student body and the faculty/administration. It is led by a four-person Executive Committee (two Co-Presidents, CFO and COO). The decision power rests with the Senate, which is composed of one senator from each section (a total of ten), the Executive Committee, and various committees made up of section officers. Intramurals are also a major part of the student life, especially in the first year. Sections form teams and compete with each other in basketball, flag football, volleyball, soccer and many other inter-mural sports.

The rigorous schedule of class work is often tempered by high energy social functions and perennial events such as the cross-dressing Priscilla Ball, the spring Newport Ball held at a Newport, RI, mansion, and the winter Hollidazzle Ball usually held in Boston, MA.[18]

Initiatives[edit]

HBS has outlined several initiatives for developing MBAs, including environmental sustainability, healthcare, globalization, leadership, and social enterprise.

SVMP[edit]

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 company or organization to attend.[19]

Academic units[edit]

The school's faculty are divided into ten 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.

Donor programs[edit]

In fall 2010, the Sir Dorabji Tata Trust, and the Tata Education and Development Trust, which are philanthropic arms of the Tata Group gave HBS its biggest ever international donation of $50 million. This donation is funding Tata Hall, named after Ratan Tata (AMP ’75), the chairman of Tata Sons Ltd.[20] The facility will be devoted to the Harvard Business School’s mid-career Executive Education program. It will be seven or eight stories tall with about 150,000 gross square feet. It will house approximately 180 bedrooms in addition to academic and multi-purpose spaces.[21]

Located in the northeast corner of the HBS campus, Tata Hall will complete the Executive Education quad, which currently includes McArthur, Baker, and Mellon Halls (residence), McCollum and Hawes (classroom), Kresge (dining), and Glass (administration). Its construction started in December 5, 2011 and its completion is scheduled for December 2013.[22]

Notable alumni[edit]

See also[edit]

References[edit]

  1. ^ http://www.hbs.edu/about/facts-and-figures/Pages/statistics.aspx.  Missing or empty |title= (help)Official HBS Site
  2. ^ 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
  3. ^ Yogev, "Corporate Hand in Academic Glove: The New Management's Struggle for Academic Recognition--The Case of the Harvard Group in the 1920's"
  4. ^ Melvin T. Copeland, And Mark an Era: The Story of the Harvard Business School (1958)
  5. ^ 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)
  6. ^ "Business School Rankings and Profiles: MBA". Bloomberg Businessweek. 2012. Retrieved 2012-01-19. 
  7. ^ "Business School Rankings and Profiles: MBA". Forbes. 2013. Retrieved 2014-05-19. 
  8. ^ "Best Business Schools". U.S. News & World Report. 2012. Retrieved 2012-03-13. 
  9. ^ "The World's Best Business Schools". Business Insider. 2013. Retrieved 2014-01-12. 
  10. ^ "Ranking:Los Mejores MBA en el mundo 2013". CNN Expansion. 2013. Retrieved 2013-07-11. 
  11. ^ "Global MBA Rankings". Financial Times. 2014. Retrieved 2014-02-11. 
  12. ^ [1]. U.S. News & World Report, 2011. Retrieved on March 17, 2011.
  13. ^ "QS Global 200 Business Schools Report 2010 North America". 
  14. ^ "FT Global MBA Rankings 2013.". Retrieved August 27, 2013. 
  15. ^ http://www.eduniversal-ranking.com/business-school-university-ranking-5palms.html
  16. ^ "Financial Times Ranking of Rankings". The Financial Times. 2007. Retrieved 25 October 2012. 
  17. ^ "Poets&Quants’ Top 100 MBA Programs in the U.S.". Poets&Quants. 2011. Retrieved 25 October 2012. 
  18. ^ "Ain't no Party like an HBS Party.". 
  19. ^ http://www.hbs.edu/svmp/about-the-program/
  20. ^ "Business School announces Tata gift; two initiatives". Harvard Gazette. 2012-10-14. Retrieved 2012-05-10. 
  21. ^ "Tata Hall Construction Pushes Ahead of Schedule". The Harvard Crimson. 2012-04-29. Retrieved 2012-05-10. 
  22. ^ "Tata Hall". www.hbs.edu. Retrieved 2012-05-10. 
  23. ^ http://pmindia.gov.in/en/news_updates/portfolios-of-the-union-council-of-ministers-2/
  24. ^ Evans, Suzy. "Jennifer Hyman and Jennifer Fleiss". 2011 Most Influential Women in Technology. Fast Company. Retrieved 18 October 2012. 
  25. ^ "Mark Pears". Globalrealestate.org. Retrieved 6 November 2014. 

Sources[edit]

  • 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[edit]

  • 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)
  • 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[edit]