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Revision as of 08:34, 9 June 2006 by 80.41.76.139 (talk)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)Harvard Business School, officially named the Harvard University Graduate School of Business Administration: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University.
The school was founded in 1908 with an initial class of 59 students. Its first location was in Cambridge, Massachusetts.
In the 1920s, the class size reached 500 students. In 1927, the School moved across the Charles River to its present location in Allston (part of Boston) - hence the custom of faculty and students of referring to the rest of Harvard University as "across the river." Women were first admitted to its regular two-year Master of Business Administration program with the Class of 1965. HBS is led by Dean Jay O. Light, appointed by Harvard President Lawrence Summers on April 24, 2006.
The school offers a full-time MBA program, a Doctoral program and many executive education programs, although none of them is an Executive MBA. Current MBA classes have a size of approximately 911 students, divided into ten sections (A-J). Each section takes classes together the first year, with the intention of forming deep social bonds. Graduation rates are approximately 99.5%. Teaching is almost exclusively (95%) done through case teaching (also referred to as the Socratic method), where the students prepare teaching cases and discuss them in class, with a professor as moderator and facilitator. The School owns Harvard Business School Publishing (www.hbsp.harvard.edu), which publishes business books, teaching cases and the monthly Harvard Business Review.
Academic honors
The top academic honor at Harvard Business School is the Baker Scholar designation (High Distinction), given to the top 5% of the graduating MBA class. Students receiving honors (top 10-15%) in both their first and second years are awarded the MBA degree with Distinction.
The student (or students) receiving a full complement of top grades in their first year classes is designated a Ford Scholar.
Organizational relationships
Harvard Business School has a number of relationships with other leading business schools. It offers its students cross-registration at the MIT Sloan School of Management, one of the only leading pairs of business schools to offer such an arrangement. It also offers a number of Executive Education programs jointly with Wharton School of Business and Stanford Graduate School of Business. It collaborated with the Indian Institutes of Management Ahmedabad in setting up their leading national management program. Faculty (and research associates at the school's Division of Research) author a large portion of the case studies used at many other business schools around the world. (Case studies are a type of teaching material used at many business schools; each shows a particular situation at a company and asks students to analyze its major issues.)
Reputation
In 2000, The New York Times commented that Harvard was by reputation "one of the two best business schools in the country, a notch above Pennsylvania's Wharton School ," and also noted that in its rivalry with Stanford, Harvard "may have the advantage of better name recognition than Stanford, and more resources." In 1976, Wharton's then-dean Donald C. Carroll said that "The great secret of the Harvard Business School's success has been its great emphasis on executive education, which has kept the school very much tied into corporate America. They have reaped the benefit of that," and acknowledged that Wharton was "playing catch-up."
Campus
The Harvard Business School campus is located in Allston, across the Charles River from the main Harvard campus in Cambridge. Many of the buildings have red-brick exteriors, as do many buildings in Harvard Yard. HBS maintains a number of facilities, including a sports center and chapel, that are dedicated for the exclusive use of its community. A series of underground tunnels connects the basements of nearly every building on the campus. Spangler Hall is widely considered HBS' main building with student lounges, administration, cafeteria, and grille. Most classrooms are located in Aldrich and Hawes, most of which are 100-student "amphi-theatre" rooms with approximately five rows in a half circle. This design facilitates the teaching of the case method. Baker Library was reopened in 2005 after several years of renovation. The new building features student study spaces as well as faculty offices. The fitness center is located in Shad Hall, across from Morgan Hall, which houses the majority of the faculty. Shad Hall is also the location of the Computer Lab where many studies of pyscology in business are conducted. Closest to Charles River are the Executive Education halls as well as student dormitories.
Owner/President and Advanced Management Program
In addition to Master's and Doctoral degrees, the Harvard Business School (HBS) offers three non-degree executive programs which confer alumni status to graduates called the Owner/President Management Program (OPM), Advanced Management Program (AMP) and General Management Program (GMP). Other Executive Education programs at HBS also award certificates to attendees, but do not confer alumni status.
Please note that the Leadership Development Program also confers HBS alumni status as well with the completion of 10 extra days (2 weeks of HBS executive education).
Academic Units
The school's faculty are divided into ten academic units. The units are 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.
Notable Harvard Business School people
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See also: Harvard University people
Current and past faculty members
- Kim B. Clark, former Dean of the Faculty and George F. Baker Professor of Administration
- Alfred D. Chandler, Jr., business history
- Clayton M. Christensen, technology and general management (originator of the concept "disruptive technology")
- Rosabeth Moss Kanter, management
- Robert S. Kaplan, accounting (originator of the "balanced scorecard" concept)
- Paul Lawrence (also an alum), organizational behavior
- Elton Mayo early researcher of the Hawthorne Effect
- Robert C. Merton, winner of The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for 1997
- Michael E. Porter, University Professor; competitive strategy; co-founder of Monitor Group
- Shashikant Patel, Australian diplomat to the U.S.
- Howard Raiffa, decision analysis
- David Yoffie Strategy
- Ed Zschau, general management
- Rakesh Khurana, organizational behavior, CEO of Labor Market
- Daniel Bergstresser, finance
Alumni (MBA and executive programs)
- William Anders, former NASA astronaut
- Jim Balsillie, chairman and co-CEO of Research In Motion, which developed the BlackBerry handheld communication device
- Ernesto Bertarelli, CEO of Serono, 'America's Cup' Yacht Race Winner)
- Michael Beschloss, historian
- Julie Bishop, Australian politician
- Michael Bloomberg, businessman and Mayor of New York City
- Nicholas F. Brady, former United States Secretary of the Treasury
- Dan Bricklin, co-creator of the VisiCalc spreadsheet program
- Jon Burgstone, co-founder of SupplierMarket.com
- George W. Bush, 43rd President of the United States
- Liam Byrne, Labour Member of Parliament for Birmingham Hodge Hill and Parliamentary Under Secretary of State at the Department of Health
- Frank Carlucci, former United States Secretary of Defense
- Donald J. Carty, former Chairman and CEO of AMR, the parent company of American Airlines
- Elaine Chao, 24th United States Secretary of Labor
- P. Chidambaram, Finance Minister of India
- Scott Cook, founder of Intuit, Inc.
- Stephen Covey, author of The 7 Habits of Highly Effective People and co-founder of Franklin Covey
- Chris Cox, Chairman of the U.S. Securities and Exchange Commission and former U.S. Congressman
- Gurcharan Das, venture capitalist
- Belmiro de Azevedo, Chairman, CEO, and co-founder of Sonae; member of the European Round Table of Industrialists
- Anne Dias-Griffin, Hedge fund manager married to investor Kenneth C. Griffin.
- Jamie Dimon, CEO of JPMorgan Chase
- John Doerr, leading technology venture capitalist, Kleiner Perkins Caufield & Byers
- William H. Donaldson, former Chairman of the U.S. Securities and Exchange Commission, co-founder, Donaldson, Lufkin & Jenrette
- Donna Dubinsky, MBA 1981, Direct Report of Bill Campbell at Apple Computer, CEO of Palm, Inc., and co-founder of Handspring
- Victor Kwok-king Fung - Prominent Hong Kong businessman and political figure
- Lou Gerstner, Chairman of the Carlyle Group and former Chairman and CEO of IBM
- Raymond V. Gilmartin, former Chairman and CEO for Merck & Co., Inc
- Kathy Giusti, CEO and founder of the Multiple Myeloma Research Foundation
- Fred Hassan, Chairman and CEO of Schering-Plough Corporation
- Fred Haise, former NASA astronaut
- H. John Heinz III, former U.S. senator from Pennsylvania
- Jeffrey R Immelt, Chairman and CEO of General Electric
- Kwame Jackson, one of the two final candidates on Donald Trump's American television reality series The Apprentice
- Richard Jenrette, investment banker and co-founder, Donaldson, Lufkin & Jenrette
- James Kelly, Assistant U.S. Secretary of State for East Asian and Pacific Affairs
- Herb Kohl, U.S. Senator, President of Kohl's Department Stores, owner of the NBA's Milwaukee Bucks
- Robert Kraft, Owner of the New England Patriots
- Alan Lafley, CEO of Procter & Gamble
- Antony Leung, former Financial Secretary of Hong Kong SAR
- Chai Ling, one of the leaders of the Tiananmen Square protests of 1989
- Peter Lougheed, former leader of the Alberta Progressive Conservative Party and Premier of Alberta from 1971 to 1985
- John Lynch, Governor of New Hampshire
- Robert S. McNamara, US Secretary of Defense, 1961 - 1968, 4th President of the World Bank 1968 - 1981
- W. James McNerney, Jr., Chairman and CEO of Boeing
- Fred Newman, sound effects
- Grover Norquist, political activist, President of Americans for Tax Reform
- Stan O'Neal, CEO of Merrill Lynch
- Karen A. Page, James Beard Award-winning culinary author
- Henry M. Paulson, Jr., Nominee for U.S. Treasury Secretary, Current Chairman of Goldman Sachs
- Joseph R. Perella, M&A expert, investment banking executive
- Tom Perkins, venture capitalist, co-founder of Kleiner, Perkins, Caufield & Byers
- William Proxmire, former U.S. senator from Wisconsin
- Fred Reichheld, author of The Loyalty Effect and other bestselling business books
- Donald W. Riegle, Jr., former U.S. senator from Michigan
- Arthur Rock, the father of Venture capital
- Mitt Romney, Governor of Massachusetts
- William Roth, former U.S. Senator from Delaware and chief sponsor of the Roth IRA
- Jack Ryan, former United States Senate candidate
- Stephen A. Schwarzman, co-founder and CEO of the Blackstone Group
- Jeffrey Skilling, disgraced former CEO of Enron, convicted felon
- Tom Stemberg, co-founder and former Chairman and CEO of Staples, Inc.
- Jan Stenbeck, Swedish capitalist and majority shareholder of Investment AB Kinnevik
- John E. Sununu, United States Senator from New Hampshire
- John Thain, CEO of the New York Stock Exchange
- Gérald Tremblay, mayor of Montreal
- Jack Valenti, former President of the Motion Picture Association of America
- Daniel Vasella, Chairman and CEO of Novartis
- Rick Wagoner, Chairman and CEO of General Motors
- Mark Walsh, entrepreneur, venture capitalist, and former CEO of Air America Radio
- Robert D. Walter, Chairman and CEO of Cardinal Health, ranked 16th on the Fortune 500 list in 2005
- Bruce Wasserstein, Chairman and CEO of Lazard
- Meg Whitman, President and CEO of eBay
- James Wolfensohn, 9th President of the World Bank
- George Yeo, Minister of Foreign Affairs, Singapore
See also
References
- Leonhardt, David (2000) "California Dreamin'". The New York Times, June 18, 2000 p. BU1. (HBS/Stanford rivalry analyzed)
- Abrams, William (1976) "Spotlight: Wharton's Master of Growth", The New York Times, November 21, 1976, p. 129. Profile of Wharton's Donald C. Carroll (Secret of HBS success; Wharton playing "catchup")
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