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 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

The school started in 1908. [3] 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). [38] 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... 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.

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. [40]

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.

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. [5]

In 2012-2013, HBS deans tried to improve the experience of female students and recruit more female professors. [41]

International Research Centers

HBS established nine global research centers and four regional offices [42] and functions through offices in Asia Pacific (Hong Kong, Shanghai, Singapore), California, Europe (Paris), South Asia (India), [43] Middle East and North Africa (Dubai, Istanbul, Tel Aviv), Japan and Latin America (Buenos Aires, Mexico City, São Paulo).

MBA program

Rankings

In 2017, HBS was tied for 1st by U.S. News & World Report , [14] No. 1 in the U.S. by Bloomberg Businessweek and 4th in the world by the Financial Times.

The school belongs to the M7 [50] group of elite MBA programs which recognize each other as peers, consisting of Chicago Booth, Columbia, Kellogg, MIT Sloan, Stanford and Wharton. [52] [53]

Student life

Students can join one or more of the more than 80 clubs on campus. The Student Association (SA) is the main interface between the MBA student body and the faculty/administration.

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 company or organization to attend. [17]

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 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.

Academic units

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, business, etc.

Donor programs

In the fall of 2010, HBS Tata related companies and charities donated $50 million for the construction of an executive center. [54]

The executive center have been named as Tata Hall, after Ratan Tata (AMP in 1975), the chairman of Tata Sons. [55] The total construction costs have been estimated at $100 million. [56] The Tata Hall is located in the northeast corner of the HBS campus, the facility is devoted to the Harvard Business School's mid-career Executive Education program. It is seven stories tall with about 150,000 gross square feet. It houses approximately 180 bedrooms in addition to academic and multi-purpose spaces. [20]

Kresge Way now is located by the base of the former Kresge Hall, named for Sebastian S. Kresge. [21] 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. [22] The Executive Education quad currently includes McArthur, Baker, and Mellon Halls (residence), McCollum and Hawes (classroom), Chao Center, and Glass (administration). [23]

Notable alumni

See also